"Right now we are looking in to some expansion plans," Qu told analysts after his company reported first quarter net sales of $325.8m, down 26.5% from a year ago, and a net loss of $21.3m against a $5.9m profit in the first quarter of 2011. Gross margin was 7.7%, a figure Qu sees rising to 8-10% in the current quarter.
Analyst
