In fourth-quarter and full-year preliminary figures, Suntech said its 2012 revenues came in at about $1.62bn, a year-on-year drop of 48%. Suntech’s gross margin for the year was around a negative 1.4%, with Q4 showing a positive 0.4%.

The company shipped about 1.8GW of PV products last year, which it said was in line with its guidance.

Q4 shipments were down about 4% on the prior three months, with revenues 8% lower at $358m.

While