Company Profile For Suntech Power Holdings Co, Ltd

Suntech Power Holdings Co., Ltd. (Suntech) is a solar energy company that designs, develops, manufactures and markets a variety of photovoltaic (PV) cells and modules. It also provides PV system integration services in China. The Company's products are used in a variety of residential, commercial, industrial and public utility applications in various markets. Suntech sells its products in various key solar energy markets worldwide, including Spain, Germany, the United States, China, South Korea, Italy, the Middle East, Australia and Japan. As of December 31, 2008, the average conversion efficiency rates of the Company's monocrystalline and multicrystalline silicon PV cells were 17.2% and 15.2%, respectively. During the year ended December 31, 2008, the Company commenced the production of PV cells utilizing the Pluto technology, a PV technology that allows conversion efficiency rates in the range of 18.0% to 19.0% on PV cells manufactured with monocrystalline silicon wafers.

BRIEF: For the three months ended 30 September 2009, Suntech Power Holdings Co., Ltd.'s revenues decreased 20% to $473.1M. Net income decreased 30% to $29.8M. Revenues reflect decreased sales standard of PV modules due to a decrease in demand. Net income also reflects decreased gross margin and operating margins, increased selling expenses, higher research & development expenses, decreased interest income and higher other expenses.