LDK Solar unveiled an announcement to state the financial projection and their reasonable expectations during 2014 and 2018. However, they warned that investors shouldn’t completely rely on their forecasts and projections.
LDK predicts that the company will earn about US$1.243 billion in 2014. Their revenue from 1Q13 to 3Q13 was about US$375.6 million and the key to boost will be soaring sales of polysilicon, wafers and module. In LDK’s announcement, they predicts that their revenue will raise up to US$1.631 billion in 2015, US$1.797 billion in 2016 and US$ 1.849 billion in 2017; yet the revenue may slightly decline to US$1.846 billion in 2018.
LDK hopes they can finish upgrading their factories and restart producing polysilicon at the end of March, 2014. Anticipating a 10,350MT shipment this year, they will continuously try to achieve their goal of producing 18,000MT from two polysilicon factories. They also predict that the polysilicon production will maintain the same until 2018. Regarding wafer shipment, it is reported that shipment in 3Q13 was 384.7MW, which was higher than in 2Q13, and LDK plans to raise the wafer shipment up to 3.3GW in 2014 and to 3.84GW in 2015, and sustain this number to 2018. Still, LDK anticipates that module shipment will be 781MW and will raise up to 1,406MW in 2017 and 2018.
LDK states that they are unable to sign any agreement with Holders but announce for the first time that they will cut a huge amount of investment. Meanwhile, they are still unsure of whether can they exchange convertible notes by new bonds or call all them back. If the recalling is limited due to LDK’s financial situation, every Holder can only receive US$0.2 per each US$1.0 of claim.
