Craiglist is free of charge, I sold many big items there. And buyers came to my house to pick them up. I don't need to visit the post office.
I don't know what you are talking about. CSUN is forced to do more OEM with less profit. High shipping does not mean making enough profit or GM.
Pvtech 05 December 2013, 15:45
Finlay Colville, vice president at NPD Solarbuzz told PV Tech that Sunergy does not have the same global brand or marketing status as Yingli Green or Trina Solar, which in part had forced Sunergy to increase its OEM module processing, which would have lowered margins further in spite of many rivals seeing improved margins as ASPs increased.
You can never erase what you said here. It stays forever and your IP address is recorded at yahoo server.
Go tell your family, your son, your daughters, your mom, your grand mom, your uncles, your brothers and sisters what you say here. GO sleep with them all.
Because the big guys need to push it down so big institutions and 401k firm can get more shares before end of the year. HPQ will double next year ! And people needs some cash for holiday shopping.
Not sure about when they get to 6.9. HSOL has dropped enough. Down risk is much smaller now, so it can go back up from here slowly. HSOL is targeting high profit countries now, I like it !! I see more sales in Japan, EU, USA and Canada.
Liquidity and Capital Resources
Net cash inflow from operating activities was $79.6 mln in Q3 2013, compared to net cash inflow from operating activities of $65.5 mln in Q2 2013. Net cash and cash equivalents plus restricted cash increased to $438.5 mln at the end of Q3 2013, compared to $405.8 mln at the end of Q2 2013.
Total module shipments were 462.9MW, representing an increase of 6.6% from 434.1MW in Q2 2013. The sequential increase in solar product shipments was mainly the result of an increase in demand for the Company's solar modules across a number of geographic regions, particularly in the United States. Outlook: For Q4 2013, the Company expects total module shipments to be in the range of 490MW to 510MW, and expects overall gross margin to be in the range of 9% to 11%.
For the third quarter of 2013, total revenue was US$57.1 million, a decrease of 20.6% from the second quarter of 2013, primarily due to a combination of lower shipments and ASP. Gross profit was US$1.7 million, and gross margin was 3.0%, compared with gross profit of US$6.7 million and gross margin of 9.3% in the second quarter of 2013. Non-GAAPgross profit was US$2.6 million, and Non-GAAP gross margin was 4.6%. Total shipments for the third quarter of 2013 were 112.7MW, a decrease of 10.8% from the second quarter of 2013. Including module processed under OEM arrangements, Asia contributed 63.2% of the total shipment in the third quarter of 2013, with India, China and Japan accounting for 24.0%, 23.1%, and 16.1% of total revenue, respectively. As of September 30, 2013, the Company had cash and cash equivalents of US$31.5 million, and restricted cash of US$184.9 million. Operating cash inflow increased to US$16.4 million for the third quarter of 2013, compared with US$6.3 million in the second quarter of 2013. Reflecting its improved working capital and stronger-than-expected OEM shipments, the Company estimates that the total shipment for the fourth quarter of 2013 will range from 158MW to 168MW, Gross margin for the fourth quarter of 2013 is expected to be mid-single digit.
Xianshou Li, ReneSola's chief executive officer said in a statement that, "At the end of September, after carefully assessing the operating status of our polysilicon factory, we came to the conclusion that our efforts to reduce the production cost at the Phase I facility of the polysilicon factory were unsuccessful. As a result of the decision to close the facility, ReneSola said it took a non-cash charge of US$202.8 million, including an impairment charge of US$194.7 million on long-lived assets associated with the Sichuan polysilicon plant. We believe the discontinuation of production at the Phase I facility will help reduce our polysilicon production cost, in line with our efforts to achieve a target cost level that would make our in-house polysilicon production cost-efficient compared to the prevailing market price of polysilicon. In addition, we believe the discontinuation will help reduce our power consumption and depreciation and therefore help to enhance our profitability going forward.”
They sell the iphone at $700 and $900 American dollar. Only the richer guys can afford them, not even their middle class.