DALLAS, Sept. 8, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Solarfun Power Holdings Co. Ltd. (Nasdaq:SOLF). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Solarfun Power Holdings Co. Ltd. (SOLF) is a manufacturer of silicon ingots, photovoltaic (PV) cells and PV modules in China. The Company manufactures a variety of silicon ingots, PV cells and PV modules. The Company also provides PV cell processing services and PV module processing services. It sells PV cells and PV modules both directly to system integrators and through third-party distributors. During the year ended December 31, 2008, the Company sold its products to over 40 customers, in Germany, Spain and Italy, as well as several other European countries. The Company conducts its business in China through its operating subsidiary, Linyang China. In February 2008, the Company established Solarfun Power Deutschland GmbH. On August 1, 2008, the Company acquired the remaining 48% equity interest in Yangguang Solar.
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In the report, the analyst notes:
"Total net revenues were RMB 1,752.7 million (US$ 258.5 million), an increase of 18.8% from 1Q10 and an increase of 105.1% from 2Q09. The increase in net revenues in 2Q10 was primarily due to significantly higher shipment volumes, which reflect improved industry demand as well as growth in the Company's production capacity.
"SOLF recently announced the opening of an office in Lille, France, to enhance its service to customers and partners in the region. France is an important PV market in Europe with forecast installed capacity in excess of 600 MW for 2010. SOLF's French installed base is expected to grow to approximately 15 MW in 2010, driven by established relationships with leading developers like Ecostream, Scatec and Meridian."
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