GCL-Poly sells 48% more wafers in 9-mo 2014

Nov 13, 2014 - Hong Kong-based GCL-Poly Energy Holdings Ltd (HKG:3800) said today it sold 47.7% more wafers in January-September 2014 compared with a year earlier, while its polysilicon sales declined by 11.3% on the year.

More specifically, the company sold 9,396 MW of wafers in the first three quarters of 2014 compared with 6,363 MW in the corresponding period of 2013. Nine-month wafer output grew by 59.8% to 9,584 MW. The average selling price (ASP) of wafers during the nine-month period was USD 0.22 (EUR 0.17) per watt, decreasing from USD 0.23 per watt in the first half of 2014.

The company produced some 49,582 tonnes of polysilicon, up by 39.5% year-on-year, and sold 11,077 tonnes compared with 12,490 tonnes a year back. The ASP per kg of the raw material, which is used in the production of solar cells, declined to USD 21.96 during the nine-month period from USD 22.10 for the first six months of 2014.

GCL-Poly's total power sales volume in China climbed by 9.8% year-on-year to 4,710,438 MWh.

The company pointed out that demand for its wafers and polysilicon continued to rise in the third quarter of the year as the PV industry is gradually recovering. Its products were completely sold out as a result of that.

(USD 1.0 = EUR 0.802)

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