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On September 18,, "d LDK (NYSE: LDK) released the second quarter earnings. In the digital back, "d LDK's self-help and government rescue continues.
"D LDK announcement, total revenue of $235.4 million, $200 million for the quarter, the same period last year for 499.4 million us dollars, up 52.86% decline rate; The second quarter of the company shareholders shall account for a net loss for 221.3 million dollars, more than the first quarter loss of $169.3 million and $87.7 million in the same period last year.
"D LDK chief executive officer of the company PengXiaoFeng in investor conference said that at present, the company is to raise funds, and may sell shares strategic.
"Over the past few months, we have many companies and develop of negotiations, among them a few show to LDK for strategic investment huge interest." PengXiaoFeng also said, at present LDK did not accept any offer.
As of June 30, "d LDK has cash and cash equivalents of $296.2 million, a $135.7 million in the first quarter of growth more than twice as high. The company this year will be about $2 billion debt maturity.
Photovoltaic consulting institutions Solarbuzz analysts LianRui told reporters that "d LDK previously to jiangxi province government 2 billion rescue capital, make its cash flow in the book have excellent performance, but to" d LDK salvation is more need to strategic investors to enter, "also has been recently there is a large state-owned enterprises, and d LDK substantive contact".
In a close to energy saving sources, and the end of July when early August, the energy conservation group belongs to skip the solar energy company, direct and "d LDK face to face contact," but still don't know is negotiations acquisition, or discuss "d LDK in the west station cooperation".
Earlier, several companies have been involved in "d LDK restructuring, including China materials group, China building materials [8.37 1.33%] group, poly association xin, leveling god horse group, crystal family energy and jiangxi province JiangTong group, but up to now all not if really.
After 5 months the United States based on China pv modules adverse double anti early after cutting, September 6, the European Union announced that China pv anti-dumping, makes this place winter China pv industry worse. Maxim Group, an investment bank, said by the end of 2012 the end of the first quarter, China ten big listed photovoltaic enterprise a total of $17.5 billion in debt.
It is understood that the "d LDK has reduced the third quarter silicon wafer, cell and components according to the expected, and at the same time, the lower their annual revenue expectations, that is, from before forecast of 1.5 billion - 2 billion dollars down to $1.1 billion - 1.5 billion.
"D LDK, expressed as corporate finance part of the strategy, at present already through the to the local government sale of property and land use right to raise about $50 million to $60 million, but because assets transfer price below the company first evaluating price, so the second quarter still happen $30.5 million loss.
"" d LDK really need capital turnover, through the transfer of property and land use, can more improve its cash flow. LianRui said, do not eliminate such way is XinYu aspects rescue "d LDK action.
In a telephone conversation, vice mayor of xinyu techniques for China, xinyu high-tech zone as director of light has declined to respond.
This year's d LDK company has more than 5000 jobs, including the second quarter to cut around 3884, but the company says it will not carry on the multiple large-scale layoffs