China-based PV maker Solargiga Energy swung from a net loss of CNY136.4 million (US$22 million) in the first half of 2013 to net profit of CNY927,000 in the second, resulting in a net loss of CNY135.5 million for 2013, according to the company.
Revenues increased from CNY819 million for the first half of 2013 to CNY1.331 billion in the second, and gross margin rose from 2.3% to 9.9%, the company indicated.
Taiwan-based silicon wafer maker Wafer Works is a major shareholder of Solargiga. A large portion of Solargiga's output is used in-house or by subsidiaries and affiliates.
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Solargiga: Capacity and shipments by product line, 2013 |
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|
Product line |
Annual production capacity |
Shipments to outside companies |
Y/Y |
|
Solar-grade crystalline silicon ingot |
1.2GWp |
70.81MWp |
(8.74%) |
|
Solar-grade crystalline silicon wafer |
900MWp |
296.20MWp |
21.05% |
|
Monocrystalline silicon cell |
300MWp |
73.78MWp |
19.06% |
|
PV module |
400MWp |
288MWp |
417.11% |
