The Company had a foreign currency exchange gain of RMB86.1 million (US$13.0 million) in the fourth quarter of 2010 primarily due to changes in the fair value of forward contracts that the Company entered into to hedge its foreign currency risks. This compares to a net loss of RMB72.0 million in the third quarter of 2010 resulting from the depreciation of the Euro and U.S. dollar against RMB. The Company continued to secure foreign currency hedging contracts related to 2011 during the fourth quarter of 2010.
This added the last .55/share to earnings. Not only are they good at selling solar for a profit, they know how to hedge now to. Great job Jinko!