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Hanwha SolarOne Met a Net Revenue Decrease Due to Lower Selling Price

published: 2014-09-01 10:59

Hanwha SolarOne has announced its financial results of the second quarter of 2014. In the report, it is read that the total net revenues were RMB 1, 107.3 million (US$178.5 million), a decrease of 2.7% from RMB 1,138.4 million in 1Q14, and a decrease of 6.4% from RMB 1,182.8 million in 2Q13. The decrease in total net revenues in 2Q14 compared with 1Q14 was primarily due to a lower average selling price. Module processing services accounted for approximately 13% of revenues.

PV module shipments, including module processing services, were 339.5 MW, a 4.9% increase from 323.6 MW in 1Q14, and a 5.7% increase from 321.2 MW in 2Q13.



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