28 Mar '16, 10am

Solargiga’s monocrystalline modules shipments increased 18.7% in 2015 https://t.co/n50NkO6YM9

Solargiga’s monocrystalline modules shipments increased 18.7% in 2015 https://t.co/n50NkO6YM9

Total external shipment volume grew by 13.2% to 1,151.0MW in 2015. Integrated China-based monocrystalline PV producer, Solargiga Energy Holdings as expected from preliminary announcements, reported only a small increase in revenue for 2015, however the company returned to a small net profit, compared to a net loss in 2014. Solargiga reported total revenue of RMB 2,899.550 million (US$445.5 million) up from around US$440.2 million in 2014. Production efficiencies (migration to diamond wire technology) and centralisation of production supported improvements in EBITDA and net profit, which were reported as RMB 344.806 million (US$52.9 million), an improvement of 33.5% from RMB 258.244 million in 2014 and RMB15.653 million (US$2.4 million), respectively. However, gross margins were 8.4%, down from 12.7% in 2014, impacted by higher monocrystalline cell purchase prices, due to t...

Full article: http://www.pv-tech.org/news/solargigas-monocrystalline-mo...

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