The Company believes its overall gross margin for the third quarter, taking into account wafer and cell quantities outsourced from third party suppliers to meet demand in excess of its internal capacity and other needs will be in the low double digits in percentage terms. Such guidance is based on the exchange rate between the Euro and U.S. dollar as of
For the full year 2013, the Company revises its previous PV module shipment guidance of between 2.0 GW and 2.1 GW to 2.3 GW and 2.4 GW.
Operations and Business Outlook
In a decision dated
The agreement also imposes various reporting, verification and other requirements related to the covered imports. This past June, the EC had imposed provisional anti-dumping duties on the covered imports. The EC's deadline to decide whether to impose definitive anti-dumping duties is
If the EC decides that definitive anti-dumping duties are warranted, solar panels or other covered merchandise imported into the EU from
The EC decided not to impose provisional measures in that case, but a definitive anti-subsidy decision is also due by
In the second quarter of 2013, the Company continued its efforts to reduce manufacturing costs, achieving a reduction of high single digit in percentage terms from a quarter ago. The sequential decrease in non-silicon manufacturing costs were primarily due to improved supply chain cost control, increased utilization of the Company's in-house manufacturing capacities, as well as increases in the Company's module efficiencies and improvements in its manufacturing processes.
As a result of relatively stable average poly-silicon spot prices in the second quarter of 2013 compared to the first quarter of 2013, the Company experienced similar silicon costs in its module manufacturing business quarter-on-quarter. Through its diversified range of short, medium and long-term supply agreements, the Company will continue to maintain competitive silicon costs relative to current market prices.
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