Renesola refused to India and China

Polaris solar PV net news: citing low profits, component manufacturing, China Shang Yu-hui Sun (ReneSola) has denied China and India offer.

In its 2014 second-quarter results on a conference call yesterday, xianshou Li, Chief Executive, said the company was not interested in simple delivery components as much as possible.

Through the Investors Relations Director LauraChen’s speech, xianshou Li, said: “we now really however much emphasis on quantity and total annual shipments. Instead, we will focus on profit margins. ”

“We refuse to have a very low order of average selling prices and lower profits, such as China and India orders. We focus more on higher average selling prices in the market. Therefore, in General, we only focus on profit margins rather than quantity. ”

The geographical distribution of the company’s business in the second quarter was 40% in Europe, overnight in Japan, China, the United States and other parts of the world the kick.

As India era solar project, this strategy highlighted a problem, its possible for developers to get pressure on supply. Analysis of Mercom warned the company that makes the “bottom”.

The company said it is evaluating its OEM and battery manufacturing capacity in order to adapt to the new trade tariffs. It also revealed that plans to raise its United States market per month, increased from less than 25MW to 40MW.

DanielLee renesola Chief Financial Officer, said: “for the United States market, as mentioned by Mr LEE, 23MW per month. They are our products. They are 100% of the United States, which means they are 100% non-mainland China and not Taiwan battery. ”

He added: “we have been focusing on different parts of the world, focusing on expanding battery production, but in the meantime, the United States anti-dumping policies do affect the Taiwan battery. Taiwan battery prices actually dropped sharply recently. ”

Lee also said that because of its remainder of 2014 demand is expected to improve, the company has established in European stocks.

Original title: renesola refused to India and China

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