Full Year 2014 Financial and Operating Highlights
Total solar module shipments were approximately 3.66 GW, an increase of 41.9% from 2.58 GW in 2013
Total net revenues were $2.29 billion, an increase of 28.8% from 2013
Gross profit was $385.6 million, an increase of 76.7% from 2013
Gross margin was 16.9%, compared with 12.3% in 2013
Operating income was $120.1 million, compared with an operating loss of $38.1 million in 2013.
Net income for the full year was $61.3 million, compared with a net loss of $72.2 million for 2013
Earnings per fully diluted ADS for 2014 were $0.74, compared with a loss per fully diluted ADS of $1.01 in 2013
"We are pleased with our solid performance in the fourth quarter. We saw record shipment volumes, maintained our leading position as one of the largest solar companies in the world, and continued to increase our earnings quarter to quarter," said Mr. Jifan Gao, Chairman and CEO of Trina Solar.
Total solar module shipments were approximately 3.66 GW, an increase of 41.9% from 2.58 GW in 2013
Total net revenues were $2.29 billion, an increase of 28.8% from 2013
Gross profit was $385.6 million, an increase of 76.7% from 2013
Gross margin was 16.9%, compared with 12.3% in 2013
Operating income was $120.1 million, compared with an operating loss of $38.1 million in 2013.
Net income for the full year was $61.3 million, compared with a net loss of $72.2 million for 2013
Earnings per fully diluted ADS for 2014 were $0.74, compared with a loss per fully diluted ADS of $1.01 in 2013
"We are pleased with our solid performance in the fourth quarter. We saw record shipment volumes, maintained our leading position as one of the largest solar companies in the world, and continued to increase our earnings quarter to quarter," said Mr. Jifan Gao, Chairman and CEO of Trina Solar.
