PV giant Q-CELLS net profit last year reached 187 million euros

By the international financial crisis, the German economy in 2008 have fallen sharply, and in particular the Central than the fourth quarter of GDP decline 2.1 percent, a record since 1990, the biggest decline to the automotive, iron and steel industry, represented by heavy losses.

But the photovoltaic business in good condition. In 2008 the world's second largest solar cell maker Q-CELLS German net profit reached 187 million euros, up 28.5 percent, while in 2007 the company's net profit of 146 million euros. Also in 2008 Q-CELLS Sales revenue was 12.5 billion euros in 2007 compared with 859 million euros.

Sub-region, in 2008 the European Q-CELLS are still the main market. One of the local community in Germany, Q-CELLS Sales revenue for 375 million euros, accounting for 29.9 percent of total income; other EU countries for 439 million euros, accounting for 35.1 percent of total income; in other parts of Europe for 130 million euros, accounting for 10.3 of total income %; Asia for 172 million euros, accounting for 13.8 percent of total income; Africa for 048 million euros, accounting for 3.9 percent of total income; North America for 079 million euros, accounting for 6.3 percent of total income; other parts of the world for 008 million euros, total income of 0.7%.

Sub-products, the 2008 crystalline solar cells are still many Q-CELLS are the main product, multi-crystalline solar cell sales to total revenue up to 85%; followed by single-crystal solar cells 7%, engineering, business, 7 %, as well as thin film solar cells of 1%.

Source: windosi.com Mar. 25, 2009