bigswing

Solar Competition Heats Up

SOL is signing LOI (letter of intent) with Wuzhong City for the 500MW back in July, not Yancheng City, please don't spread lies.

LDK Solar: Forecasting Sunny Skies in Q2 Earnings

Michael: you misread the original Chinese article. The 3.8billion CNY rev refers to the solar sector in Xinyu City, not LDK only. There are a couple of small solar companies with combined $20-40m rev. So LDK's Q2 rev should be around $280-$300. Your caculated (from tax payment) LDK Q2 net income of $62.8m is also questionable. More accurate caculation should be around $56m-$59m.

By the way, many posters ask Michael to post #s for other Chinese solar companies... he can't. The reason is that LDK is an exception. Up-to-date and reliable information for most other Chinese solar cos are not readily available. It takes a lot of hard work and extensive search (Chinese media, internet blogs, forums, QQs, etc) ...

Holiday Cheer from LDK Solar

Hopefully you will not get out of LDK too early this time... LDK is a real fast growth company... Once it is 15000mt polysilicon project finished in 2009, it will be one of the top 3 solar companies in the world and the largest in China...