Gross profit was RMB359.6 million, an increase of 18.7% from the third quarter of 2007 and an increase of 187.9% from the fourth quarter of 2006. Net income was RMB138.4 million and fully diluted earnings per ordinary share and per American depositary share (ADS) were RMB1.07.
Total net revenues for the full year 2007 were RMB4.05 billion, which represents a 147.7% increase from the combined year of 2006. Net income for the full year 2007 was RMB389 million and fully diluted earnings per ordinary share and per ADS were RMB2.89 in 2007.
Photovoltaic (PV) module shipments were 50.9MW in the fourth quarter of 2007, an increase of 10.8% from 45.9MW in the third quarter of 2007 and an increase of 215.8% from 16.1MW in the fourth quarter of 2006. PV module shipments for the full year 2007 were 142.5MW, which represents a 177.7% increase from 51.3MW in the combined year of 2006.
