China Sunergy to Announce First Quarter 2014 Results on Wednesday, May 28,
2014 and Raises Quarterly Shipment Outlook
NANJING, China, May 13, 2014
NANJING, China, May 13, 2014 /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, 2014 on Wednesday, May 28, 2014, before the
market opens in the United States.
For the first quarter of 2014, China Sunergy raises the total shipment to be
above 140MW, and reiterates gross margin to remain mid-single digit.
China Sunergy's management will host an earnings conference call on Wednesday,
May 28, 2014 at 8:00 a.m. Eastern Time (Wednesday, May 28, 2014 at 8:00 p.m.
Beijing / Hong Kong time). The management team will be on the call to discuss
the results and answer questions from investors.
To access the conference call, please dial:
United States toll-free: +1 866 519 4004
International: +65 6723 9381
Singapore: +65 6723 9381
China: 800 819 0121 (Domestic) / 400 620 8038 (Domestic
Hong Kong: +852 2475 0994
Please ask to be connected to First Quarter 2014 China Sunergy Co., Ltd.
Earnings Conference Call and provide the following passcode: 45220288.
China Sunergy will also broadcast a live audio webcast of the conference call.
The broadcast will be available for seven 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: 45220288. 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
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 may contain 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 failure to maintain
its listing qualification due to, among other things, volatility in the
Company's ADS price; the Company's ability to raise additional capital or
renew existing bank borrowings as they become due 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 results.
SOURCE China Sunergy Co., Ltd.
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