Trina Solar Ltd.

1 Monat und 100%

Trina Solar ein glasklarer Kauf

Endingen (aktiencheck.de AG) - Für die Experten von "Emerging Markets Investor" ist die Aktie von Trina Solar (ISIN -/ WKN A0LF3P) ein glasklarer Kauf. Das Unternehmen sei am 19. Dezember in New York an die Börse gegangen, indem man ADRs im Wert von rund 100 Mio. USD zum Kurs von 18,50 USD platziert habe. Bis letzten Freitag hätten sich diese Papiere auf 37 USD verdoppelt. Das dürfte allerdings nur die erste Verdoppelung gewesen sein. Die Analysten würden weiteres Potenzial von 100 Prozent sehen, das schon kurzfristig ausgelotet werden dürfte. Trina Solar sei nämlich auf dem aktuellen Kursniveau spottbillig. Das nächstjährige KGV liege bei 8 und damit über 50 Prozent unter dem Branchendurchschnitt, das bei einem KGV von 19 liege. Die Marktführer wie Q-Cells, Sunpower oder SolarWorld würden gar mit KGVs zwischen 24 und 32 bewertet. Nach Ansicht der Wertpapierexperten sei der globale Solarmarkt ein gigantischer Wachstumsmarkt, der allein seit 2004 von 8 Mrd. auf 21 Mrd. USD explodiert sei. Und in den nächsten drei Jahren werde sich das Wachstum eher noch beschleunigen. Trina Solar werde die Produktionskapazitäten von Solarpanels von 27 MW im letzten Jahr auf mehr als 180 MW im nächsten Jahr nach oben schrauben. Dadurch solle sich der Umsatz auf 630 Mio. USD verfünffachen, während der Gewinn um den Faktor 25 auf 82 Mio. USD steigen solle. Die Aktie werde bislang nur von zwei Investmenthäusern (CLSA und COWEN) gecovered. Es sei lediglich eine Frage der Zeit, bis die Top-Namen wie Merrill Lynch oder Goldman Sachs auf den Wert aufmerksam würden. Für die Experten von "Emerging Markets Investor" ist die Trina Solar-Aktie ein glasklarer Kauf. (Ausgabe 3 vom 12.02.07) (13.02.2007/ac/a/a)  
 
 

http://www.ariva.de/board/282198?secu=100084830

...für alle negativ eingestellten, heute legt sie eine Pause ein, aber es ist eine Zukunftsaktie

... wurde nun schon einigen Bankhäuser in deren Depots aufgenommen. Die Aktie wird nach Vorlage der Superzahlen noch ganz schön abgehen, davon bin ich überzeugt. China setzt voll auf Solartechnik.  

...wieder hoch

legt man sich ins depot und laesst sie laufen

und bei den Amis wird TRINA auch voll gehandelt! Alleine am gestrigen Tag ein Volumen von 51 Mio. - einfach gewaltig.  
Es geht schön aufwärts.

hat eigentlich jemand Informationen, wieviel Shares es zu Trina Solar eigentlich gibt ?
Ich bin etwas verwirrt. Oben lese ich, das zum IPO wohl etwa 5.4Mill. Papiere ausgegeben wurden. mit der heutigen Kapitalisierung von rund 245Mil USD . Halte ich eigentlich für ein so kleines Unternehmen für recht hoch. Aber, bei Trinasolar hab ich mir mal so ein SC13G Dokument der Cofra Holding runter geladen und dort, wenn ich das richtig verstehe, finde ich, das dieser Risikokapitalgeber alleine 136.452.242 "ordinary shares" hält, von
und das haut mich total um 2.172.564.728 ordinary shares of Trina Solar Limited zum 31.12.2006.
Wenn ich das hochrechne, dann sind das schlappe 100 Milliarden USD.
Hat jemand da Ahnung und kann mir das mit diesen ordinary shares erklären ?
Wenn diese Dinger alle an den Markt geschmissen würden ( und das werden die früher oder später), dann wird die Markkapitalisierung sicher nicht bei 100Milliarden USD landen sondern schlicht bei den jetzigen 0.25 Milliarden. Und das würde doch etwa einen Anteil von 0,12USD pro share bedeuten (großzügig gerechnet) .

Also ein extrem hochrisiko behaftetes Papier allein aus Sicht der Marktkapitalisierung und der ausstehenden Shares.

Übrigens lob ich mir da die US Börsengesetze, solche Papiere findet man bei Unternehmen in Deutschland ausserhalb des DAX nicht, hier darf ja jedes zweifelhafte Unternehmen seine Finanzverflechtungungen total verschleiern.

Also, kann mir jemand obiges erklären.

Pieter

Das ist das Ergebnis, aus den gesprächen von merkel und Bush am Wochenende.
Das sollte den Kurs von Trina auch wieder heben.
Im Moment sind tolle Einkaufskurse.

schwächelt ziemlich  

...der kurs steigt...nur das ist wichtig

...diese Aktie braucht geduld

                      2006;

    Proposal No. 6 -- Appointment of the Independent Auditor Deloitte Touche

                      Tohmatsu for the fiscal year 2007; and

    Proposal No. 7 -- Inclusion of financial statements of fiscal year 2006

                      in the Company's 2006 annual report.


About Trina Solar Limited

Trina Solar Limited , through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd., is an integrated solar PV manufacturer based in China. The company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business. The Company moved into the assembly of solar modules in 2004 as well as the manufacturing of monocrystalline ingots, wafers and cells in 2005, 2006 and 2007, respectively. The Company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. The Company sells its products to customers around the globe, including a number of European countries, such as Germany, Spain and Italy, where government incentives have accelerated the adoption of solar power. For further information, visit the company's website at www.trinasolar.com .

und sollte vom Aufschwung und den guten Meldungen der anderen (Solarworld, Q-Cells etc.)profitieren, zumal TRINA in China eine große Nummer ist. Das interesse der Amerikaner an Investitionen in TRINA sind ebenfalls enorm. Hier steckt noch enormes Potenzial, zumal China immer mehr auf den Umweltschutz eingeht. Die Förderungen des Staates für Solareinrichtungen ist enorm. Davon wird TRINA gwaltig profitieren, zumal sie in China bestens positioniert sind.

kann ich nur beipflichten! Es geht nur Richtung Norden!!!

Trina Solar kaufen

Kulmbach (aktiencheck.de AG) - Die Experten vom Anlegermagazin "Der Aktionär" raten die Aktie von Trina Solar (ISIN -/ WKN A0LF3P) zu kaufen. Schon heute würden in den USA Milliarden von Dollar in Solar- und Windkraftanlagen investiert, auch wenn die Rhetorik der Bush-Regierung etwas anderes vermuten lasse. Bundesstaaten wie Kalifornien hätten längst die Weichen für eine "Grüne Zukunft" gestellt. Das dürfte aber erst der Anfang sein. Amerika habe in Sachen Umwelttechnologie riesigen Nachholbedarf. Der Durchbruch könnte mit der "grünen Aufrüstung" nach den Präsidentschaftswahlen kommen. Der "Öl-Prinz" Bush gehöre dann der Vergangenheit an. Nach Meinung der Experten, gehöre auch Trina Solar zu den Gewinnern einer solchen Entwicklung. Das Unternehmen sei 1997 in China gegründet worden und habe Ende vergangenen Jahres in den USA den Gang aufs Börsenparkett gewagt. Seither habe sich der Wert, der an der NASDAQ gelisteten Aktie, verdoppeln können. Es sei durchaus möglich, dass sich diese positive Kursentwicklung noch eine Zeitlang fortsetze, denn mit einem KGV von 13 für 2008 seien die Aktien noch immer sehr niedrig bewertet. Wie die Experten berichten würden, werde für 2008 eine Umsatzsteigerung im Vergleich zum laufenden Geschäftsjahr um 134 Prozent auf 633 Mio. USD erwartet. Beim Gewinn je Aktie rechne man mit einem Plus von 117 Prozent auf 3,52 USD. Trina Solar sei auch in Deutschland aktiv: Die Chinesen hätten vor wenigen Monaten mit Q-Cells einen Vertrag über die Lieferung von Solarwafern geschlossen. Mit einem Kursziel in Höhe von 56 Euro empfehlen die Experten von "Der Aktionär" die Trina Solar-Aktie zu kaufen. Zur Absicherung sollte ein Stoppkurs bei 29 Euro platziert werden. (Ausgabe 27) (28.06.2007/ac/a/a)  

und China ist TRINA! Diesen Spruch habe nicht ich erfunden!

und den Spoppkurs nachziehen. Hier muss man einfach dabei sein!

heute ihren Anlauf! Einsteigen und Geld verdienen!

diese aktie macht momentan spass, eine andere in der ich investiert bin (Worldwater) nicht...gut ding will weile haben

"We are extremely pleased with our progress in the European market in general and with our very strong presence in the fastest growing solar PV module markets in Spain and Italy," said Mr. Jifan Gao, Trina Solar's Chairman and CEO. "Our outlook remains positive, and as we enter the seasonally stronger quarters of the year and continue to expand our geographic footprint into new markets, we anticipate significant growth in revenues as we establish Trina Solar as one of the top global solar products companies."

About Trina Solar Limited

Trina Solar Limited , through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd., is an integrated solar PV manufacturer based in China. The company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business. The company moved into the assembly of solar modules in 2004 as well as the manufacturing of monocrystalline ingots, wafers and cells in 2005, 2006, and 2007, respectively. The company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. The company sells its products to customers around the globe, including a number of European countries, such as Germany, Spain and Italy, where government incentives have accelerated the adoption of solar power. For further information, visit the company's website at www.trinasolar.com/ .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.


For more information, please contact: Trina Solar Limited Mr. Sean Shao, CFO Tel: +86-519-548-6752 (Changzhou) Mr. Thomas Young, Director of Investor Relations Tel: +86-519-548-6752 (Changzhou) Email: ir@trinasolar.com CCG Elite Investor Relations Mr. Crocker Coulson, President Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Ed Job, CFA Tel: +1-646-213-1914 Email: ed.job@ccgir.com

...und bei den umsätzen in ff scheinen auch hier wieder einige
aufgewacht zu sein

geht voll ab. Bei den Amis gestern ein gewaltiges Volumen (mehr als 154 Mio.)und ein Superanstieg (mehr als + 16 %). TRINA kommt nun langsam in aller Munde. Nur weiter so. Und zudem kommt noch, dass der chinesische Präsident voll auf Umweltschutz (Sonnenenergie in diesem Zusammenhang mit Trinkwasseraufbereitung WorldWater etc.) setzt und dafür Milliarden springen lassen will. Was das für die gut positionierte TRINA Solar bedeutet, muss nicht näher erläutert werden. Ich für meinen Teil bin schon bestens investiert (bereits 2x Nachschlag geholt) und bleibe weiter long. Keine Kaufempfehlung - nur meine Meinung (mit der ich mittlerweile schon im 3-stelligen Plus liege).

werde ich auch noch mal! Wir schaffen locker die 50 Euro!!!

hat ja einen unheimlichen Höhenflug vorgelegt  

Trina Solar aus China vereinbart Lieferverträge für PV-Module mit einer Leistung von insgesamt 99 MW

Changzhou (China) – Das chinesische Solarunternehmen Trina Solar hat Verträge für die Lieferung von Photovoltaikmodule mit einer Gesamtleistung von 99 MW abgeschlossen. Die europäischen Kunden sollen in den kommenden zwei bis drei Jahren mit den Produkten beliefert werden.

Arturo Herrero, Direktor für den Bereich Sales und Marketing bei Trina Solar wertete die jüngsten Vertragsabschlüsse als Zeichen eines erfolgreichen Markteintritts in den strategisch wichtigen europäischen Markt. Die Liefervereinbarungen wurden mit vier Systemanbietern und Großhändlern in Deutschland und Italien abgeschlossen. Der Vertrag mit IBC Solar aus Deutschland mit einem Volumen von 40 MW ist dabei der größte Einzelauftrag. Weitere Vereinbarungen wurden mit den italienischen Unternehmen Tecnospot (22 bis zu 33 MW), Enereco (20 MW) und Enerpoint (6 MW) getroffen.

Über Trina Solar:
Trina Solar ist ein integrierter PV-Systemanbieter mit Sitz in Changzhou, China. Ausgehend von den Forschungs- und Entwicklungsarbeiten ab dem Jahr 1999, vollzog Trina Solar im Jahr 2002 den Markteintritt als Systemanbieter für Photovoltaik-Anwendungen. Die Integration der vorgelagerten Produktionsstufen wie die Herstellung von Ingots, Wafern, Solarzellen und Modulen erfolgte Schritt für Schritt bis zum Jahr 2007. Ende 2006 gab Trina Solar das Börsendebut an der New York Stock Exchange (NYSE) und ist an der Nasdaq gelistet. Die Trina Solar Aktie wird auch an den deutschen Börsen gehandelt.

in den USA
und ein super volumen

...wirklich freuen !!
momentan ist wieder einmal ein rücksetzer zu verzeichnen.
bedauerlicherweise so stark, dass ich gestern per sl bei 44 Euro rausgeflogen bin.
44 euro war schon recht tief angesetzt...nun denn, mal sehen wie es bei den amis heute nachmittag weiter geht

nachdem ich bei 44Euro rausgeflogen bin überlege ich noch vor den ammis einzusteigen...oder doch lieber warten??

hallo leute,

in deutschland gehts up mit solar und windkraft aktien.
aber bei trina leider kaum bewegung.
Morgen kommen ja zahlen! ich hoffe, sie fallen bombastisch aus.

guru

Ist nun mal eine sehr solide Aktie!  

Trina Solar's net revenues in the second quarter of 2007 were $75.3 million, an increase of 77.0% sequentially and 160.4% year-over-year. Total shipments increased to 20.33 MW, up from 10.52 MW in the first quarter of 2007 and 7.07 MW in the second quarter of 2006. Average sales price ('ASP') was $3.70 in the second quarter of 2007, compared to $3.80 in the first quarter of 2007, and $4.03 in the second quarter of 2006. Sales to customers in Europe accounted for almost all of Trina Solar's revenues in the second quarter of 2007.

At June 30, 2007, Trina Solar's ingot, wafer, and module annual manufacturing capacities were 100 MW. In April 2007, Trina Solar commenced commercial production of its newly installed solar PV cell lines that are currently delivering an average cell efficiency of 16.3% and have an annual manufacturing capacity of approximately 50 MW. The Company plans to achieve an annual manufacturing capacity of 150 MW for its ingot, wafer, cell and module production by the end of 2007.

Cost of revenues in the second quarter of 2007 was $61.1 million, an increase of 84.9% sequentially and 191.4% year-over-year due to growth of Trina Solar's solar module business. Cost of revenues in the second quarter of 2007 included approximately $15,000 of share-based compensation expenses.

Gross profit in the second quarter of 2007 was $14.2 million, an increase of 49.5% sequentially and 78.7% year-over-year. Gross margin was 18.9% in the second quarter of 2007, a decrease from 22.3% in the first quarter of 2007 and 27.5% in the second quarter of 2006. The sequential and year-over-year decline in gross margin was due primarily due to a lower module ASP.

Operating expenses in the second quarter of 2007 were $6.1 million, an increase of 21.6% sequentially and 21.7% year-over-year. The sequential and year-over-year increases were primarily due to higher selling expenses and general and administrative expenses to support the rapid growth of the Company's business. Operating expenses in the second quarter of 2007 included approximately $296,000 of share-based compensation expenses.

Operating income in the second quarter of 2007 was $8.1 million, an increase of 81.0% sequentially and 177.2% year-over-year. Operating margin was 10.7% in the second quarter of 2007, compared to 10.5% in the first quarter of 2007 and 10.1% in the second quarter of 2006.

Interest expense in the second quarter of 2007 was $1.6 million, compared to $1.2 million in the first quarter of 2007 and $0.5 million in the second quarter of 2006. The sequential increase was due to additional bank borrowings in the second quarter of 2007.

The Company recorded an income tax benefit of $56,000 in the second quarter. The Company received approval from the tax authority of additional tax benefit in the second quarter under qualified export enterprise classification.

Net income from continuing operations reached $7.2 million in the second quarter of 2007, an increase of 53.2% sequentially and 280.6% year-over-year.

Net income was $7.2 million in the second quarter of 2007, an increase of 51.4% sequentially and 540.0% year-over-year.

First Half 2007 Results

Revenues for the six months ended June 30, 2007 increased 171.7% over the comparable period in 2006, to $117.9 million. Gross profit increased 89.3% over the comparable period in 2006, to $23.7 million, yielding a gross margin of 20.1%. Operating expenses in the first half of 2007 increased 83.9% over the comparable period in 2006 to $11.2 million as a result of the Company's rapid growth. Operating income in the first half of 2007 was up 94.4% over the comparable period in 2006 to $ 12.6 million, reflecting an operating margin of 10.7%.

Net income for the six months ending June 30, 2007 was $12.0 million, an increase of 201.6% over the comparable period in 2006.

Financial Condition

As of June 30, 2007, the Company had $173.5 million in cash and cash equivalents and working capital of $224.9 million. Total bank borrowings stood at $114.8 million, $5.3 million of which were long-term borrowings. Shareholders' equity was $335.6 million, up from $171.6 million at the end of the first quarter 2007.

Business Outlook

The Company affirms its previous guidance of total net revenues in the range of $270 million to $300 million and net income in the range of $34.5 million to $36.5 million for the full year 2007. The Company expects to ship between 75 MW to 80 MW of modules for the full year 2007.

Trina Solar is on track to meet its year end capacity expansion goals of 150 MW and 350 MW for 2007 and 2008, respectively. The Company has successfully upgraded its infrastructure, including installation of utilities such as electrical power supply and new water cooling facilities. In line with its technology roadmap, Trina Solar has achieved commercial production of wafers of 200-micron thickness from 220-micron thickness to reduce the usage of silicon during the third quarter. Such wafers currently account for over 70% of its output, with the remaining wafers being produced at 220-micron thickness. We are currently converting our remaining equipment to produce all wafers of 200-micron thickness by the end of the third quarter.

In terms of polysilicon supply, the Company has entered into contracts covering approximately 90% and 60% of its 2007 and 2008 feedstock requirements, respectively, and continues to pursue an optimal mix of short-term and medium- term contracts with polysilicon manufacturers, semiconductor companies and silicon reclamation companies.

'Our outlook is positive as recent sales contracts have confirmed our strengths to successfully execute our sales and marketing strategies in key European markets, particularly in Southern Europe where climatic conditions and government policies are more favorable towards the solar power industry. Market demand is still extremely strong, and we are currently sold out through the rest of the year. With additional cell lines and ingot and wafer capacities being installed for production in the fourth quarter, we are on track to realize increased scale efficiencies under a vertically integrated business model. Our focus remains to achieve cell efficiencies in excess of 16.5% by the year end, to enhance our product quality and to improve our cost structure, especially in the area of silicon feedstock utilization,' said Mr. Gao. 'Our efforts to expand our geographic footprint into new markets and diversify our customer base have proven increasingly successful, as evidenced by an increasing percentage of new customers from Spain and Italy during the quarter. Going forward, our sales force will continue to target large and medium-sized companies in these and other markets."

During the second quarter of 2007, the Company diversified its revenue base by adding 12 new customers to end the quarter with approximately 30 active customers and a total portfolio of over 50 customers. The geographic breakdown of our sales for the second quarter was approximately 57% Germany, 28% Spain, and 11% Italy, thus bringing our first half of 2007 geographic breakdown to approximately 40% Germany, 31% Spain, and 15% Italy.

Recent Events

On May 21, 2007, Trina Solar announced the appointment of Mr. Qian Zhao as independent director to the Company's Board of Directors. Mr. Zhao is a lawyer by training and has practiced law for 17 years specializing in corporate finance, cross-border investments, securities and M&A.

On May 31, 2007, the Company raised approximately US$155 million in net proceeds through its follow-on offering of 3,600,016 American Depository Shares. The net proceeds will be used to expand manufacturing lines for the production of silicon ingots, wafers, solar cells and modules, research and development, raw materials purchases and general working capital purposes.

On July 9, 2007, the Company confirmed initial shipments on four recently signed contracts covering 88 to 99 MW of sales to new key accounts in Italy and Germany over the next two to three years.

Conference Call

The company will host a conference call at 8:00 a.m. ET on August 23, 2007, to discuss the results for the quarter ended June 30, 2007. Joining Jifan Gao, Trina Solar's Chairman and Chief Executive Officer, will be Sean Shao, Chief Financial Officer, Sean Tzou, Chief Operations Officer, Andy Klump, Vice President of Business Development, Arturo Herrero, Vice President of Sales and Marketing, and Thomas Young, Director of Investor Relations. To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: (+1 888) 482-0024. International callers should dial (+1 617) 801-9702. The passcode for the call is 13859684.

If you are unable to participate in the call at this time, a replay will be available on Thursday, August 23 at 10:00 a.m. ET, through Thursday, August 30, at 10:00 at 10:00 a.m. ET. To access the replay, dial (+1 888) 286-8010, international callers should dial (+1 617) 801-6888 and enter the passcode 87710119. Callers in Southern China may also dial 10 800 130 0399.

This conference call will be broadcast live over the Internet and can be accessed by all interested parties on Trina Solar's website at www.trinasolar.com/ . To listen to the live webcast, please go to Trina Solar's website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on Trina Solar's website for 90 days.

About Trina Solar Limited

Trina Solar Limited , through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd., is an integrated solar PV manufacturer based in China. The company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business. The company moved into the assembly of solar modules in 2004 as well as the manufacturing of monocrystalline ingots, wafers and cells in 2005, 2006 and 2007, respectively. The company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. The company sells its products to customers around the globe, including a number of European countries, such as Germany, Spain and Italy, where government incentives have accelerated the adoption of solar power. For further information, visit the company's website at www.trinasolar.com/ .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the company's ability to raise additional capital to finance the company's activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the company; the ability of the company to operate as a public company; the period of time for which its current liquidity will enable the company to fund its operations; the company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; the company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

-- FINANCIAL TABLES FOLLOW -- Trina Solar Limited Consolidated Statement of Operations (US dollars in thousands, except ADS and share data) For the three months ended For the six months ended June 30, June 30, 2007 2006 2007 2006 (unaudited) (unaudited) (unaudited) (unaudited) Net revenues $75,305 $28,921 $117,852 $43,373 Cost of revenues 61,090 20,966 94,129 30,841 Gross profit 14,215 7,955 23,723 12,532 Operating expenses Selling expenses 2,335 716 3,929 1,094 General and administrative expenses 3,354 2,804 6,025 3,386 Research and development expenses 439 1,518 1,214 1,594 Total operating expenses 6,128 5,038 11,168 6,074 Operating income 8,087 2,917 12,555 6,458 Interest expenses (1,632) (464) (2,834) (653) Interest income 563 57 955 64 Other income (expenses) 138 (29) 28 (55) Income before income taxes 7,156 2,481 10,704 5,814 Income tax expenses 55 (586) 1,213 (1,025) Net income from continuing operations 7,211 1,895 11,917 4,789 Net income (loss) from discontinued operations (13) (770) 35 (826) Net income $7,198 $1,125 $11,952 $3,963 Earnings per ordinary share from continuing operations Basic 0.003 0.002 0.005 0.005 Diluted 0.003 0.002 0.005 0.005 Earnings per ADS from continuing operations Basic 0.321 0.190 0.546 0.479 Diluted 0.315 0.190 0.537 0.479 Earnings per ordinary share Basic 0.003 0.001 0.005 0.004 Diluted 0.003 0.001 0.005 0.004 Earnings per ADS Basic 0.320 0.113 0.548 0.396 Diluted 0.315 0.113 0.538 0.396 Weighted average ordinary shares outstanding Basic 2,246,839,501 1,000,000,000 2,181,736,235 1,000,000,000 Diluted 2,287,462,645 1,000,000,000 2,221,166,769 1,000,000,000 Weighted average ADS outstanding Basic 22,468,395 10,000,000 21,817,362 10,000,000 Diluted 22,874,626 10,000,000 22,211,668 10,000,000 Trina Solar Limited Consolidated Balance Sheet (US dollars in thousands) June 30, 2007 December 31, 2006 (unaudited) (audited) ASSETS Current assets: Cash and cash equivalents $173,494 $93,380 Restricted cash 11,249 5,004 Inventories 65,686 32,230 Accounts receivable, net 67,856 29,353 Other receivables 2,573 1,228 Advances to suppliers 37,134 34,606 Value-added tax recoverable 1,020 1,035 Deferred tax assets 34 613 Current assets of discontinued operations 280 353 Total current assets 359,326 197,802 Property, plant and equipment 92,725 51,419 Intangible assets, net 2,408 2,372 Advances to suppliers - long-term 22,795 Deferred tax assets 650 152 TOTAL ASSETS $477,904 $251,745 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term borrowings, including current portion of long-term debt $109,515 $71,409 Accounts payable 20,526 9,147 Accrued expenses 3,545 5,029 Advances from customers 384 1,200 Income tax payable 84 850 Current liabilities to be disposed 389 434 Total current liabilities 134,443 88,069 Long-term bank borrowings 5,252 5,122 Accrued warranty costs 2,602 1,400 Total liabilities 142,297 94,591 Ordinary shares 22 21 Additional paid-in capital 304,124 139,671 Retained earnings 27,543 15,622 Other comprehensive income 3,918 1,840 Total shareholders' equity 335,607 157,154 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $477,904 $251,745 For more information, please contact: Trina Solar Limited Sean Shao, CFO Tel: +86-519-8548-6752 (Changzhou) Thomas Young, Director of Investor Relations Tel: +86-519-8548-6752 (Changzhou) Email: ir@trinasolar.com CCG Elite Investor Relations Crocker Coulson, President Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Ed Job, CFA Tel: +1-646-213-1914 Email: ed.job@ccgir.com

so wie die anderen Solarwerte!