China Sunergy (CSUN) Reports Q4 Loss of $0.67

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Go back to China Sunergy (CSUN) Reports Q4 Loss of $0.67

China Sunergy Announces Fourth Quarter and Full-Year 2014 Financial Results

June 12, 2015 6:05 AM EDT

NANJING, China, June 12, 2015 /PRNewswire/ -- China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced its financial results for the fourth quarter and full year ended December 31, 2014.

Mr. Tingxiu Lu, CEO of China Sunergy, commented, "I am pleased with the Company's sharp turnaround in the fourth quarter. During the fourth quarter, we were able to increase module sales to China, improve manufacturing efficiency, and lower conversion cost, which combined to expand our gross margin by 790 basis points quarter-over-quarter.... More

China Sunergy Announces Third Quarter 2014 Financial Results

June 12, 2015 6:00 AM EDT

NANJING, China, June 12, 2015 /PRNewswire/ -- China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced its financial results for the third quarter ended September 30, 2014.

Third Quarter 2014 Financial Highlights

Total revenue was US$63.3 million, a decrease of 28.5% from US$88.5 million in the second quarter of 2014. The revenue for self-branded products totaled US$60.2 million and the revenue for the products processed under the OEM arrangement was US$1.5 million. Shipments totaled 137.8MW, a decrease of... More