Trina Solar (China) Announces Second Quarter 2015 Results
Second Quarter 2015 Financial and Operating Highlights
- Total module shipments from the Company’s manufacturing facilities were 1,231.6 MW, consisting of 1,000.7 MW of external shipments and 230.9 MW of shipments to the Company’s own downstream PV power projects, an increase of 20.0% sequentially and 30.6% year-over-year. This compares to the Company’s guidance of 1,100 MW to 1,140 MW of total module shipments.
- Total 121.3 MW of PV power projects connected to the grid in the second quarter, compared with the Company’s guidance of 65 MW to 70 MW.
- Net revenues were $722.9 million, an increase of 29.5% from the first quarter of 2015 and 39.2% from the second quarter of 2014.
- Gross margin was 20.0%, compared with 18.0% in the first quarter of 2015 and 15.4% in the second quarter of 2014. ….