CEO said Chinese Banks were easier to increase line of credit after September 2013
Q3 results will be much better because of better cline of credit after September 2013
Total revenue was US$71.9 million, an increase of 16.5% from US$61.7 million in the first quarter of 2013.
Shipments totaled 126.4MW, an increase of 23.3% (23.9MW) from 102.5MW in the first quarter of 2013.
Average selling price ("ASP") for the Company's solar modules was US$0.63 per watt, an increase of 6.8% from US$0.59 in the first quarter of 2013.
Gross profit was US$6.7 million, and gross margin was 9.3%, compared with gross profit of US$0.3 million and gross margin of 0.4% in the first quarter of 2013.
Net loss attributable to ordinary shareholders narrowed significantly to US$1.4 million, from US$22.9 million in the preceding quarter.
Net loss attributable to ordinary shareholders per ADS improved to US$0.11, compared to net loss per ADS of US$1.71 in the first quarter of 2013.
Operating cash inflow was US$6.3million, compared to net cash outflow of US$41.7 million in the first quarter of 2013.
Cash, cash equivalents and restricted cash totaled US$219.8 million, as of June 30, 2013.