It sold 380MW for the three months to end of September, compared with a previously guided 450-480MW. Revenues dropped 38% from the same period last year to $298m and losses came in at $57.5m.
The company warned last week that its third quarter shipments had been hit by continued oversupply and the “irrational pricing practices” of some of its competitors.
"These factors contributed to declines in our average selling prices, despite cost improvements of our key materials,” says chief executive Gao Jifan.
Some
