China Solar Makers See Return of Profits as Margins, Demand Rise
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China’s top solar-panel makers are returning to profitability following two years of losses, after surging Asian demand drove up margins in the second quarter.
Yingli Green Energy Holding Co., the largest panel company, reported gross margin of 11.8 percent in the second quarter, up from 4.6 percent a year earlier, according to a statement yesterday. JinkoSolar Holding Co. already is profitable after its margins doubled to 17.7 percent. Trina Solar Ltd.’s gross margin rose to 11.6 percent and the company expects to be profitable in the fourth quarter.