Revenue declined 20.6% on the quarter to $57.1m, as shipments fell 13.7MW from the April-June period to 112.7MW. Average selling prices (ASPs) for its panels slid 1.6% on the quarter to $0.62 per watt.
A temporary shortage of working capital forced the Nanjing-based company to produce more panels as an original equipment manufacturer (OEM), further weighing on shipments, chief executive Stephen Cai said in an online statement.
However,
CSun posts $13.2m Q3 net loss
China Sunergy (CSun) recorded a net loss of $13.2m in the three months to the end of September, from $1.4m in the preceding quarter, as working capital restraints weighed on revenue and shipments.
6 December 2013 8:34 GMT
Updated
26 September 2016 13:52 GMT
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