Solarfun Power Holdings Co., Ltd., an investment holding company announced their Fourth Quarter progression. Solarfun Power Holdings Co. Ltd. trades on the “NASDAQ” under the stock symbol “SOLF”. For more information regarding Solarfun Power Co. Ltd, (NASDAQ:SOLF) make sure to visit the Most Exclusive and Leading in Depth newsletter website at: http://www.wallstreetgrand.com/.
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Solarfun Power Holdings Co. (NASDAQ:SOLF) announced on Friday that the company’s profits made a turnaround in the fourth quarter as higher shipment volumes boosted revenue.
The Chinese solar products company reported earnings of 10.6 million yuan ($1.55 million), or 0.04 yuan (1 cent) per share, in the final three months of the year. That compares with a loss of 419 million yuan, or 1.56 yuan per share, in the same part of 2008.
The company also said it expects to ship between 130 and 140 megawatts of solar modules in the first quarter and 600 megawatts for the entire year.
About SolarFun Power Holdings Co:
Solarfun Power Holdings Co., Ltd., an investment holding company, develops, manufactures, and sells photovoltaic (PV) cells and PV modules. The company offers monocrystalline and multicrystalline silicon cells and modules, monocrystalline ingots, and raw materials. It also provides PV cell and PV module processing services. The company sells its products directly and through third party distributors to solar power system integrators and distributors. Solarfun Power Holdings operates primarily in the Peoples Republic of China, Germany, Spain, and Italy. The company was founded in 2004 and is headquartered in Qidong, the Peoples Republic of China
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