China Sunergy to Announce 2013 First Quarter Results on Monday, June 17, 2013
and Raises Gross Margin Guidance
NANJING, China, June 4, 2013
NANJING, China, June 4, 2013 /PRNewswire/ -- China Sunergy Co., Ltd. (Nasdaq:
CSUN) ("China Sunergy" or the "Company"), a specialized solar cell and module
manufacturer, today announced that it would report its financial results for
the first quarter ended March 31, 2013 on Monday, June 17, 2013, before the
market opens in the United States.
China Sunergy expects its overall gross margin in the first quarter of 2013 to
be at breakeven level, compared to previous guidance of between negative 3%
and negative 4%.
China Sunergy's management will host an earnings conference call on Monday,
June 17, 2013 at 8:00 a.m. Eastern Time (Monday, June 17, 2013 at 8:00 p.m.
Beijing/Hong Kong time). The management team will be on the call to discuss
financial highlights of the first quarter 2013, provide their business outlook
for second quarter and full year 2013, and answer questions.
To access the conference call, please dial:
United States toll-free: +1 866 519 4004
International: + 65 6723 9381
Singapore: 6723 9381
China: 800 819 0121 (Domestic) /400 620 8038 (Domestic
Hong Kong: +852 2475 0994
Please ask to be connected to Q1 2013 China Sunergy Co., Ltd. Earnings
Conference Call and provide the following passcode: 84232027.
China Sunergy will also broadcast a live audio webcast of the conference call.
The broadcast will be available for 7 days by visiting the "Investor
Relations" section of the Company's web site at http://www.csun-solar.com.
Following the earnings conference call, an archive of the call will be
available by dialing:
United States toll-free:+1 855 452 5696
International:+61 2 8199 0299
The passcode for replay participants is: 84232027. The telephone replay also
will be archived on the "Investor Relations" section of the Company's website
for seven days following the earnings announcement.
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. (NASDAQ:CSUN) designs, manufactures and delivers high
efficiency solar cells and modules to the world from its production centers
based in China and Turkey. China Sunergy also invests in high potential solar
projects. Founded in 2004, China Sunergy is well known for its advanced solar
cell technology, reliable product quality, and excellent customer service.
For more information, please visit http://www.csun-solar.com.
Investor and Media Contacts:
China Sunergy Co., Ltd.
Phone: + 86 25 5276 6696
Asia Bridge Group Limited
Phone: + 86 10 8556 9033
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical facts in this
announcement are forward-looking statements. These forward-looking statements
are based on current expectations, assumptions, estimates and projections
about the Company and the industry, and involve known and unknown risks and
uncertainties, including but not limited to, the Company's ability to raise
additional capital to finance the Company's activities; the Company's
customers' financial condition and creditworthiness, and their ability to
settle accounts receivables; the effectiveness, profitability, and the
marketability of its products; litigations and other legal proceedings,
including any decisions by the US International Trade Committee and Department
of Commerce on the petitions filed; the economic slowdown in China and
elsewhere and its impact on the Company's operations; demand for and selling
prices of the Company's products, execution of our strategy to expand into
downstream solar power businesses, the future trading of the common stock of
the Company; the ability of the Company to operate as a public company; the
period of time for which its current liquidity will enable the Company to fund
its operations; the Company's ability to protect its proprietary information;
general economic and business conditions; the volatility of the Company's
operating results and financial condition; the Company's ability to attract or
retain qualified senior management personnel and research and development
staff; future shortage or availability of the supply of raw materials; impact
on cost-competitiveness as a result of entering into long-term arrangements
with raw material suppliers and other risks detailed in the Company's filings
with the Securities and Exchange Commission. The Company undertakes no
obligation to update forward-looking statements to reflect subsequent
occurring events or circumstances, or to changes in its expectations, except
as may be required by law. Although the Company believes that the expectations
expressed in these forward looking statements are reasonable, it cannot assure
you that its expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the anticipated
SOURCE China Sunergy Co., Ltd.
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