中电光伏公布2009年第二季度财务数据

第二季度销售业绩7000万美金，出货量为41.5兆瓦，超出了预期：

中国南京 2009年8月27日电-地处中国南京的专业太阳能电池制造商，中电光伏(NASDAQ代码：CSUN)，今日公布了其2009年第二季度的财务数据。

China Sunergy Announces Financial Results for the Second Quarter Of 2009

Second Quarter Revenues of US$70.1 million; 41.5MW in Shipments Exceeds Guidance;
NANJING, China, Aug. 27 /PRNewswire-Asia/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN), ("China Sunergy" or the "Company") a specialized solar cell manufacturer based in Nanjing, China, announced today its financial results for the second quarter of 2009.

    Second Quarter Financial Results
    -- Revenues were US$70.1 million, an 89.5% increase compared to
       the first quarter of 2009. Revenues generated from solar cell
       sales were US$54.5 million, representing a 58.4% increase
       compared to the first quarter of 2009.
    -- Gross profit was US$6.8 million for the second quarter, compared
       to gross loss of US$8.8 million during the first quarter of 2009.
       Accordingly, gross margin was 9.7%, compared to negative 23.7%
       during the first quarter of 2009.
    -- GAAP net income was US$1.7 million. Adjusted non-GAAP net income
       was US$1.2 million, which excludes share-based compensation and
       the change in the fair value of foreign currency derivatives. This
       compares to non-GAAP net loss of US$13.2 million in the first
       quarter of 2009.
    -- GAAP net income per ADS was US$0.04 on both basic and diluted basis.
       Adjusted non-GAAP net income per ADS was US$0.03 on both basic and
       diluted basis, which excludes share-based compensation and the change
       in the fair value of foreign currency derivatives, compared to a
       non-GAAP net loss of US$0.33 per ADS in the first quarter of 2009.
    -- Inventory as of June 30, 2009 was $25.0 million, down from $29.6
       million as of March 31, 2009. Inventory write-down was $2.9 million,
       compared to $8.0 million in the first quarter of 2009.
    -- Operating cash flow in the second quarter was positive US$19.5 million,
       compared with positive $7.9 million in the first quarter of 2009.
    -- During the second quarter of 2009, China Sunergy continued to conduct
       open market repurchases of its 4.75% Convertible Senior Notes due 2013,
       repurchasing US$4 million aggregate principal amount of the convertible
       notes for a total cash consideration of US$1.8 million. As a result,
       China Sunergy realized a net gain of US$2.2 million. As of the end of
       the second quarter of 2009, the convertible bond balance was reduced to
       US$44 million.
Please refer to "Reconciliation Tables of GAAP to adjusted Non-GAAP Figures" at the end of this press release.

    Operational Highlights
    -- Shipments in the second quarter amounted to approximately 41.5MW,
       representing a 73.6% increase sequentially and an 18.6% increase on a
       year-over-year basis, due to more aggressive pricin