Company Profile For Q-Cells AG

Q-Cells SE, formerly Q-Cells AG, is a Germany-based company active in the field of photovoltaic. Its core business is the development, production and sale of mono- and polycrystalline, silicon-based solar cells. Its core business segment Solar Cell Production includes monocrystalline cells, comprising Q6M and Q6LM; and polycrystalline cells such as Q5, Q6, Q6LTT, Q6LTT3 and Q6LEP3, among others. The Company also offers a range of thin film modules and is engaged in Project Business. It is also engaged in the research and development activities. The Company operates through its subsidiaries such as Sontor GmbH, Sontor Servicios, S.A. de C.V., Q-Cells Malta Finance Ltd., Q-Cells International GmbH, Q-Cells International USA Corp., Q-Cells Asia Ltd., Calyxo GmbH, Calyxo USA Inc., VHF Technologies S.A. and Flexcell GmbH, among others, which are located in Europe, North and South America as well as Asia.

BRIEF: For the six months ended 30 June 2009, Q-Cells SE's total revenue decreased 37% to EUR366.2M. Net loss totaled EUR696.9M, vs. a profit of EUR2.1M. Total revenue reflects worse performance of the Solar Cells business division as well as a decrease in demand for the Company's products and services in the Rest of Europe, Asia, Africa and North America geographic segments. Net loss reflects decreased operating margins.