Source: Companies’ financial results / data collected by EnergyTrend
Canadian Solar 3Q13 Financial Report Analysis:Total Solutions Business Boosts,Company to Number One Spot in China
Canadian Solar like many other PV manufacturers profited in 3Q13. The company had a net lossof US $12.60 million in 2Q13 largely due to exchange loss. Gross margin was 12.8%, just one step short of becoming profitable. Net incomein 3Q13reached US$27.69 million, with a gross margin of 20.4% surpassing the company’s guidanceand making it the company with the highest net profit in the Chinese PV industry.