Gross margins in the quarter shrunk to 3.7% versus 25.4% in second quarter this year and 33.5% in third quarter 2010, mainly a result of a non-cash inventory provision and an average lower selling price of solar modules. Sales were $279.2m, down 21.4% from a year earlier.

Third quarter solar product shipments were 257.7MW including 23.9 MW of silicon wafers, 15.6