China Sunergy Q4 Loss Deepens

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China Sunergy results for the company's fiscal Q4 and 2012 have been released. For the quarter, total sales were $54.4 million, less than half the $110.8 million the firm posted in the same period the previous year. Net loss, meanwhile, was steeper at $70.5 million ($5.27 per diluted American Depositary Share), compared to Q4 2011's red figure of $49.6 million ($3.71).

For the full year, sales totaled $292.7 million, far less than the 2011 figure of $566.3 million. Net loss deepened to $133.6 million ($9.99 per diluted ADS), from 2011's $94.3 million ($7.05).

China Sunergy also proffered guidance for future deliveries. It anticipates total shipments of 100MW-110MW in Q1 2013, with gross margin matching that of Q4 2012. For the full fiscal year, the former is expected to come in at 550MW-600MW.

The article China Sunergy Q4 Loss Deepens originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in China Sunergy, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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