Polaris solar PV net news: on November 30, the Zhejiang Yuhui solar energy limited (Yuhui solar, NYSE:SOL) released third-quarter earnings, in sight after four consecutive quarterly profits, Yuhui solar first-loss third quarter of 2016. Third-quarter turnover of 187 million dollars, reduced 25.2% per cent, down about 49.2%; third-quarter net loss of $20.5 million, a profit of $5.5 million in the second quarter, profit of $8.6 million in the same period last year; gross margin in the third quarter of 10.1%, in the second quarter was 16.5%, 16.1% for the same period last year.
Shipments, Yuhui solar components out of total 191.2MW in the third quarter, the company projects shipments of components and raw materials of about 6.1MW; chips out of total 290.5MW, 423.3MW in the second quarter, to 341.6MW over the same period of last year; reserve items and raw materials grew to more than 1GW, 448MW projects have been prepared.
Yuhui solar four-quarter revenue is expected to grow between target revenues between 220 million and $240 million, and gross profit margin will rise further.
Original title: Yuhui solar third-quarter loss of $20.5 million