尚德太陽能09年Q3業績

Suntech Reports Third Quarter 2009 Financial Results

  Shipments Grow More Than 60% Sequentially
Full Year 2009 PV Shipment Target Increased from 600MW to a Range of 640MW to 660MW

  Third Quarter 2009 Highlights

    -- Total net revenues increased 47.4% sequentially to $473.1 million in

       the third quarter of 2009

    -- Gross profit margin for the core wafer to module business was 20.0% in

       the third quarter of 2009, compared with 19.1% in the second quarter of

       2009

    -- Consolidated gross profit margin was 17.8% in the third quarter of 2009,

       compared with 18.6% in the second quarter 2009

    -- Net income attributable to holders of ordinary shares was $29.8 million,

       or $0.16 per diluted American Depository Share (ADS). Each ADS

       represents one ordinary share

    -- Suntech's multi-crystalline Pluto-powered module achieved world record

       conversion efficiency of 16.53%

    -- Full-year 2009 PV shipment target increased from 600MW to a range of

       640MW to 660MW

    -- Suntech targets to increase total PV cell and module production

       capacity to 1.4GW by the middle of 2010, of which 450MW will be

       Pluto-enabled

"We are very pleased to announce strong revenue growth and a healthy bottom line for the third quarter of 2009," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "The significant pick up in demand was largely due to a seasonal rush before end-of-year policy adjustments and improving customer returns on investments in solar projects. It was also due to customer recognition of Suntech's attractive value proposition of exceptional product performance at a reasonable price.

"Complementing strong growth in the German market, we are particularly pleased to see 100% sequential shipment growth in the U.S. market and the rapid development of a number of non-traditional PV markets such as the Czech Republic , Benelux , China . This demonstrates the ongoing diversification of the solar industry and Suntech's ability to enter emerging markets.

"During the third quarter we continued to develop Suntech's industry-leading sales and service infrastructure and to differentiate our products through innovation. In Europe, we strengthened our local team with the addition of four new senior executives; in the U.S. we launched our North American Partner Program; and in China we continued to build one of the nation's most capable system installation and project development teams.

"On the technology front, our proprietary Pluto technology set another world record conversion efficiency of 16.53% for a commercial grade multi-crystalline silicon module. This record beat all previous records for multi-crystalline silicon modules made in the lab or on commercial production lines and reinforces our dedication to providing the most advanced and cost-effective solar solutions. In addition, we introduced Reliathon(TM), an industry-first integrated utility-scale solar platform combining product and business-term innovations to lower costs and accelerate the path to grid parity.

"Looking forward, we expect the sales momentum to carry into the new year and see potential for at least 75% shipment growth in 2010. To support the increased volume we have decided to move forward with expansion plans and target to reach 1.4GW of PV cell and module production capacity by the middle of 2010. With our commitment to delivering premium quality products at a reasonable price, expanding our global service platform and delivering world-class innovation, we believe we are extremely well positioned to continue to build market share and serve a growing base of solar customers," concluded Dr. Shi.

RECENT BUSINESS HIGHLIGHTS

    New Manufacturing and Service Initiatives

    -- Suntech selected the greater Phoenix , Arizona as the site for its first

       U.S. manufacturing plant. The plant will have an initial production

       capacity of 30 MW, provide employment for a minimum of 75 people, and

       is expected to begin production in the third quarter of 2010.

    -- Suntech's new North American Partner Program will offer selected

       dealers a co-marketing fund, training and services, financing programs,

       and priority access to its innovative product line.

    -- Suntech recently broadened its European management team with the

       appointment of four new senior executives. The company has quadrupled

       employees of Suntech Europe in 2009 in order to enhance Suntech's

       world-class customer sales and service platform.

    Sales Agreements and Project Announcements

    -- Suntech entered into a sales agreement with enXco, an EDF Energies

       Nouvelles Company, to supply up to 115MW of photovoltaic modules in

       2010.

    -- Suntech targets to develop approximately 20% of the 91MW of solar

       projects that were approved under China 's Solar Rooftop Program.

       Suntech has completed 4MW of its approved projects and plans to develop

       the remainder by mid-2010.

    -- Suntech dedicated the first 10MW utility-scale solar power project in

       Shizuishan, Ningxia Autonomous Region , China . Developed in conjunction

       with China Energy Conservation Investment Corporation, this project is

       the first phase of a 50MW solar plant targeted to be completed by 2011.

    -- Suntech started developing a 10MW solar power plant in Dongtai , Jiangsu

       Province in conjunction with Huadian New Energy Development Co., Ltd.

       Suntech will supply solar modules and design and manage the

       installation of the plant.

    -- Suntech entered into a memorandum of understanding with Pakistan 's

       Alternative Energy Development Board to develop solar energy

       applications that address the energy shortage in Pakistan .

    Technology

    -- Suntech announced that it has set a new world record conversion

       efficiency (aperture area only) of 16.53% for a multi-crystalline

       silicon module. The module was tested by the Fraunhofer Institute for

       Solar Energy Systems ISE.

    -- Suntech launched Reliathon, an industry-first integrated solar platform

       for utility-scale solar plants. Reliathon reduces total system costs as

       much as 10% and offers increases in revenue potential, with 13.8% more

       power warranted over the lifetime of the system.

    -- Suntech targets to reach 450MW of Pluto-enabled PV production capacity

       by mid-2010. This will include both retrofitted Pluto production lines

       and the addition of new Pluto production lines.

 昨晚尚德太陽能公布了09年第三季業績，純利與營業額雖然同比倒退，但亦優於預期，雖然昨晚美股下跌，但STP股價逆市上升6%，收$15.99。公司預計第四季訂單將會增加，全年訂單由之前預期的600MW增至640-660MW，雖然來自歐洲的訂單減少，但來自中國與美國的需求正在增長，還有，太陽能公司最俱競爭力的條件是其科技的領先優勢，尚德最新的PLUTO TECHNOLOGY能夠令多晶矽組件的效率提升到16.53%，這是全球多晶矽組件中效率最高的科技，環保能源是未來的大趨勢，買股票是買未來，我願意再坐低慢慢等。