LDK – which last month followed larger rival Suntech tobecome only the second company in modern China to default on corporate bonds –says its full-year revenues came in at $862.9m, down from a peak of $2.51bn in2011.
LDK has lost nearly $1.7bn over the past five years, andreported a net margin of negative 122% for 2012. By comparison, Yingli, thecurrent Chinese PV leader, reported a net margin of negative 27%.
LDK
