Flexible Electronics News

Hanwha SolarOne Reports 2Q 2013 Results

Sales increased 6.3 percent from 1Q13

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Hanwha SolarOne Co., Ltd. reported its unaudited financial results for the quarter ended June 30, 2013. Total net revenues in the second quarter of 2013 were RMB1,182.8 million (US$192.7 million), an increase of 6.3% from RMB1,112.9 million in 1Q13, and an increase of 10.4% from RMB1,071.7 million in 2Q12. The increase in total net revenues in 2Q13 compared with 1Q13 was primarily due to higher shipments, lower costs and stable ASP. “We recorded a solid performance for the second qu...

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