Trina nearly doubled its full-year module shipments to 399 megawatts (MW), though industry-wide price declines meant that its revenues grew just 1.6% to $845.1m. Yet by aggressively lowering its production costs, primarily by renegotiating its silicon contracts and boosting its manufacturing efficiency, it managed to balloon its gross profits by 44.2% to $237.2m.
Chief executive Jifan Gao says: “Although significant [average selling prices] declines were felt across the industry ...
