Trina Solar released in 2008 fourth quarter and full year results

Fourth quarter 2008 financial and operating conditions of Focus

- Solar module shipments for 57.59MW, a decrease of 13.2% sequentially over the same period last year increased by 140.9%.

- Total turnover of 216.3 million U.S. dollars, 25.6 percent sequentially to reduce the same period last year increased by 113.4%.

- Gross profit 20,080,000 U.S. dollars, one of forms of non-cash inventory are 17 million U.S. dollars, gross margin was 9.6%, compared to gross

22.4% interest rate for the third quarter, inventory days for the impact of combined gross margin of 7.9%.

- A net loss of 700,000 U.S. dollars.

- American Depositary Shares per share earnings loss of 3 cents, from the fourth quarter of the impact of inventory resulting in a share American Depositary Shares

0.68 U.S. dollars for copies of receipts

- Net operating cash flow for the 57.2 million U.S. dollars

- Short-term debt than expected 248.6 million U.S. dollars a decrease of 40.8 million U.S. dollars, with a total credit limit increased from 150 million U.S. dollars

More than two hundred million U.S. dollars

- Polysilicon components of non-silicon costs to 0.82 U.S. dollars / W

2008 full year financial and operational focus

- Solar module shipments 201.01MW, with the company goal of 200MW ~ 206MW compared to growth in 2007 than the 164

.8%

- The total net turnover of 831.9 million U.S. dollars, in 2007 an increase of more than 175.6%

- Gross profit 164.4 million U.S. dollars, in 2007 an increase of more than 143.2%

- Gross profit margin was 19.8%, 22.4% for 2007

- Net profit of 61.4 million U.S. dollars, in 2007 an increase of more than 71.7%

- American Depositary Shares per share earnings for the 2.37 U.S. dollars

- In accordance with contracts signed in 2009 is expected to ship the components at about 300MW

- In January 2009 TUV (Rheinland) "organized by the energy yield of 2008" event, Trina Solar module production at 14

Are ranked second (test period from 2008 September 1-30)

"Although faced with the global economic and financial environment of challenge, but we are still very pleased at our strong fourth quarter

Strong performance, "Trina Solar Chairman and CEO Gao Jifan said:" Although the average selling price of components under a comprehensive

Down, but relied on Trina Solar 'Value' and 'loyalty' has been set up our brand to help us more than me

Quarter of their revenue goal. Set up through our freight warehouse in Europe, which has shortened our delivery time and improved my

Their customer service quality, these are for our fourth quarter sales provided a good support. "

Source: windosi.com Mar. 27, 2009