ldk solar co ltd -adr (LDKN) Snapshot

LDK Solar Co., Ltd. announced the company's next step on the path to achieving its goal of delivering high quality value for money solutions to the solar energy industry. Several improvements are now provided in a new generation of LDK Solar Mono- and Multi-Crystalline Modules. The light new frame design benefits installer handling as well as total system load on the roof as it reduces the weight for all 60- and 72-cell-modules significantly up to 5%. This also applies for the new 48-cell-module which is offered to the residential market and will be available also in a full-black edition. While the new design is allowing unchanged mechanical strength of the module, the slightly reduced module dimensions serve an increased power density. All LDK Solar modules are now designed to withstand potential induced degradation (PID). Additionally the performance of LDK Solar modules under higher temperatures could be improved through an almost 7% lower temperature coefficient. LDK Solar M power wafer technology provides reliable high performance. As LDK Solar is one of the world's largest wafer manufacturers, module customers also benefit from the latest improvements of the wafer performance. Starting in 2012 with M2 power wafer technology, LDK Solar further developed the M power wafer technology for the new module generation now presented at Intersolar in Munich for the first time. Together with a special LDK cell process, the new M3 power wafer enables the multi-crystalline modules a cell efficiency of up to 19% leading to a total power of up to 270 Wp for 60-cell- and up to 310 Wp for 72-cell-modules. LDK new module generation presented for the first time at Intersolar. The new LDK Solar modules will be presented for the first time at Intersolar in Munich, starting on June 19, 2013.

LDK Solar Co., Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s net sales for the first quarter of fiscal 2013 were $104,341,000, compared to $135,898,000 for the fourth quarter of fiscal 2012, and $200,100,000 for the first quarter of fiscal 2012. Loss from operations for the first quarter of fiscal 2013 was $93,229,000, compared to loss from operations of $423,533,000 for the fourth quarter of fiscal 2012, and loss from operations of $135,800,000 for the first quarter of fiscal 2012. Loss before income tax was $157,392,000 against $476,988,000 a year ago. Net loss available to the company’s shareholders for the first quarter of fiscal 2013 was $187,086,000, or a loss of $1.21 per diluted ADS, compared to net loss of $548,502,000, or a loss of $3.91 per diluted ADS for the fourth quarter of fiscal 2012 and net loss of $185,200,000, or a loss of $1.46 per diluted ADS for the first quarter of fiscal 2012. Capital expenditures were $6,600,000 in the first quarter, which mainly includes $4.5 million for wafers. The company provided revenue guidance for the second quarter of fiscal 2013. For the year, the company expects its revenue to be in the range of $100 million to $150 million, wafer shipments between 250 MW and 300 MW and cell and module shipments between 30 MW and 40 MW. The company anticipates CapEx for the second quarter of 2013 will continue to be relatively low.

LDK Solar Co., Ltd., Special/Extraordinary Shareholders Meeting, Jun 06, 2013. Agenda: To discuss resolutions proposes in the EGM notice, including the issuance of 25,000,000 ordinary shares of the company to Fulai Investments Limited, at a price of $1.03 per share, for an aggregate purchase price of $25,750,000.