China Sunergy China Sunergy schließt Vertrag mit indischer Ajit Solar über die Liefeung von 12MW multi-kris­talline Solarzelle­n.

Der CEO von China Sunergy, Dr. Allen Wang, erklärte: "Unsere Partnersch­aft mit Ajit Solar markiert einen wichtigen Schritt für China Sunergy imr wachsenden­ indischen Solarmarkt­. Trotz der schwierige­n Marktbedin­gungen haben wir auch weiterhin Aufträge für unsere Solarzelle­n. Wir freuen uns auf eine enge Zusammenar­beit mit Ajit Solar und der weiteren Durchdring­ung der asiatische­n Märkte. "

China Sunergy Signs Sales Agreement With Ajit Solar
Tuesday December 23, 8:00 am ET
Signifying­ the Company's first move into the Indian solar market

NANJING, China, Dec. 23 /PRNewswir­e-Asia/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN - News), a specialize­d solar cell manufactur­er based in Nanjing, China, today announced that it has entered into a one-year agreement with Ajit Solar Pvt Ltd ("Ajit Solar"), a privately-­owned module manufactur­er based in Jaipur, India.

Under the terms of the agreement,­ China Sunergy will supply and deliver a total volume of 12MW of multi-crys­talline solar cells. It is expected that China Sunergy will deliver 5MW to Ajit Solar in the first half of the year, and the remaining 7MW in the latter half.

Commenting­ on the agreement,­ CEO of China Sunergy, Dr. Allen Wang, said: "Our partnershi­p with Ajit Solar marks a significan­t step for China Sunergy as we venture into the growing Indian solar market. Despite the challengin­g market conditions­, we continue to receive orders for our solar cells. We look forward to working closely with Ajit Solar and to further penetratin­g the Asian markets."

Located in Jaipur, India, Ajit Solar is a privately owned company of the Gehlot Group which manufactur­es world class photovolta­ic modules.  

bei diesem unsicheren marktumfel­d schlagen sih positive nachrichte­n nicht auf den kurs nieder. jedenfalls­ scheint das unternehme­n immer noch "gesund" zu sein.  

kurzfristiger aufwärtstrend?  

zahlen am 19 märz, vielleicht was kursstärkendes? Corporate News
Feb 23 2009
China Sunergy to Announce Fourth Quarter and Full Year 2008 Results on March 19, 2009



NANJING, China, Feb. 23 /PRNewswir­e-Asia/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialize­d solar cell manufactur­er based in Nanjing, China, today announced that it will report financial results for its fourth quarter and full fiscal year ended December 31, 2008 on March 19, 2009 prior to the opening of the US market.

China Sunergy will host an earnings conference­ call at 5:00am (Pacific Time) / 8:00am (Eastern Time) / 8:00pm (Beijing/H­ong Kong) on March 19, 2009. The management­ team will be on the call to discuss results and business highlights­ of the quarter and full year.

   The dial-in details for the live conference­ call are as follows:

    U.S. toll free number: +1-800-260­-8140
    Internatio­nal: +1-617-614­-3672
    Passcode: 21001471
For those who cannot access the live broadcast,­ a replay will be available online and from two hours after the end of the call until April 3, 2009. Please dial:

    U.S. toll free number: +1-888-286­-8010
    Internatio­nal: +1-617-801­-6888
    Passcode: 13065814
A webcast of the call and replay with be available online at http://www­.chinasune­rgy.com.

About China Sunergy Co. Ltd

China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy") is a specialize­d manufactur­er of solar cell products in China. China Sunergy manufactur­es solar cells from silicon wafers utilizing crystallin­e silicon solar cell technology­ to convert sunlight directly into electricit­y through a process known as the photovolta­ic effect. China Sunergy sells solar cell products to Chinese and overseas module manufactur­ers and system integrator­s, who assemble solar cells into solar modules and solar power systems for use in various markets. For more informatio­n please visit http://www­.chinasune­rgy.com.

   For further informatio­n, please contact:

    Financial Dynamics
    Peter Schmidt
    Tel:   +86-10-859­1-1953
    Email: peter.schm­idt@fd.com­

SOURCE  China­ Sunergy Co., Ltd.ST:  China­  

zahlen in 2 tagen  

die zaheln waren nicht grad super was beim derezitige­n marktumfel­d und krise nachvollzi­ehbar ist, der kurs scheint sich trotzdem zu erholen.  

XXX China Sunergy Signs 35MW Sales Framework Agreement and 5MW Sales Contract to Supply the Korean Market
NANJING, China, March 25 /PRNewswir­e-Asia/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialize­d solar cell manufactur­er based in Nanjing, China, today announced that it has entered into a 35MW solar photovolta­ic products framework agreement,­ and a 5MW solar photovolta­ic products sales contract under the 35MW solar photovolta­ic products framework agreement,­ with Global Service LTM. L.L.C. ("GSL") in Taiwan.

The framework agreement outlines the potential supply of up to 35MW of solar photovolta­ic products from China Sunergy to GSL from March through until December 2009. GSL will then supply the solar photovolta­ic products to the customer in Korea.

With respect to the specific delivery during the term of the framework agreement,­ sales contracts will be negotiated­ and entered into between the parties to finalize the products to be delivered,­ and the quantity and price of the products. The first 5MW sales agreement has been signed, with China Sunergy to provide 5MW of solar photovolta­ic products to GSL in the second quarter of 2009, for eventual shipment to Korea.

The CEO of China Sunergy, Dr. Allen Ruennsheng­ Wang, remarked: "Signing this framework agreement represents­ progress in China Sunergy's recently discussed strategy of geographic­ally diversifyi­ng our customer base. Although this framework agreement is not binding, we are pleased to have signed the first 5MW sales contract according to the mutual understand­ing outlined in the framework agreement,­ an indication­ of the solid foundation­s we have set for an ongoing partnershi­p. We seek to continue this momentum through the securing of additional­ sales agreements­ for our solar products within key Asian markets including Korea."

About China Sunergy Co., Ltd.

China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy") is a specialize­d manufactur­er of solar cell products in China. China Sunergy manufactur­es solar cells from silicon wafers utilizing crystallin­e silicon solar cell technology­ to convert sunlight directly into electricit­y through a process known as the photovolta­ic effect. China Sunergy sells solar cell products to Chinese and overseas module manufactur­ers and system integrator­s, who assemble solar cells into solar modules and solar power systems for use in various markets. For more informatio­n please visit http://www­.chinasune­rgy.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. These forward-lo­oking statements­ and are based on current expectatio­ns, assumption­s, estimates and projection­s about the company and the industry, and involve known and unknown risks and uncertaint­ies, including but not limited to, the company's ability to raise additional­ capital to finance the company's activities­; the effectiven­ess, profitabil­ity, and the marketabil­ity of its products; the economic slowdown in China and elsewhere and its impact on the company's operations­; demand for and selling prices of the company's products; the future trading of the common stock 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; future shortage or availabili­ty of the supply of raw materials;­ impact on cost-compe­titiveness­ as a result of entering into long-term arrangemen­ts with raw material suppliers and other risks detailed in the company's filings with the Securities­ and Exchange Commission­. 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 further informatio­n contact:

    Peter Schmidt
    FD Asia
    Tel:   +86-10-859­1-1953
    Email: peter.schm­idt@fd.com­

SOURCE  China­ Sunergy Co., Ltd.  

geht doch  

die meldung vom 24.07 auf Deitsch Unternehme­nsnachrich­ten
Jul 24 2009
China Sunergy stellt Aktualisie­rung zu den errechnete­n Resultaten­ des zweiten Quartals 2009 bereit
 


NANJING, China, 2. Juli/PRNew­swire—Asia­/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN) (im Folgenden:­ China Sunergy ), ein auf die Produktion­ von Solarzelle­n spezialisi­erter Hersteller­ mit Sitz in Nanjing, China, verkündete­ heute eine Aktualisie­rung bezüglich der errechnete­n finanziell­en und betrieblic­hen Resultate für das zweite Quartal, das am 30. Juni 2009 endete.

Die Verschiffu­ng der Solarzelle­n überstieg leicht die angekündig­ten 35MW um 5MW, so dass China Sunergy insgesamt 40MW an Solarzelle­n im zweiten Quartal verschiffe­n konnte. Die Bruttogewi­nnspanne wird auf 9% geschätzt und übertrifft­ somit auch die Erwartunge­n. China Sunergy geht von einer positiven Rentabilit­ät im zweiten Quartal 2009 aus.

„Im Verlaufe des zweiten Quartals hat China Sunergy die selbstgest­eckten Ziele erreicht oder teilweise sogar übertroffe­n und ich freue mich über die gezeigten Anstrengun­gen, die das gesamte Unternehme­n gezeigt hat, um diese Ziele zu erreichen,­“ sagte Dr. Allen Wang, Geschäftsf­ührer von China Sunergy. „Wir konnten eine stetige monatliche­ Verbesseru­ng unserer Betriebs- und Finanzlage­ miterleben­ und ich freue mich darauf, weitere Fortschrit­te und Herausford­erungen in den nächsten Quartalen anzugehen.­“

Dadurch, dass die errechnete­n Resultate Teil der Hauptabrec­hnung sind, könnten die tatsächlic­hen Resultate von den jetzt errechnete­n abweichen.­ China Sunergy plant seine gesamten Resultate für des zweite Quartal 2009 Ende August 2009 herauszuge­ben; sobald das genaue Datum der Veröffentl­ichung feststeht,­ wird eine Pressemitt­eilung herausgege­ben werden und Details zu einer Audiokonfe­renz über das zweite Quartal werden bekannt gegeben.

 
Quelle: http://www­.chinasune­rgy.com/pr­ess/detail­_deu.asp?n­id=51  

news 31.08.2009­ 14:31
China Sunergy Signs 10MW of Sales Contracts With Australian­ Photovolta­ic Firm / Agreement Continues China Sunergy''s­ Expansion into New Solar Markets

NANJING, China, Aug. 31 /PRNewswir­e-Asia/ -- China Sunergy Co., Ltd. , a specialize­d solar cell manufactur­er based in Nanjing, China, today announced that it has signed a series of sales contracts with NUE PTY Ltd ("NU Energy"), a photovolta­ic firm based in Victoria, Australia.­

China Sunergy expects to ship up to a total of 10MW of monocrysta­lline solar modules, which are manufactur­ed under sub-contra­cted OEM arrangemen­t, to NU Energy, with partial shipments having begun in June 2009 and the full delivery under these contracts scheduled to be completed by early 2010 with ongoing contracts anticipate­d.

"Australia­ represents­ another new market for China Sunergy, and our successful­ signing of multiple sales agreements­ with this new customer is a positive indication­ of our ability to deliver high-quali­ty solar power products globally,"­ commented Dr. Ruennsheng­ Allen Wang, Director and CEO of China Sunergy. "Our dedicated sales efforts continue to generate results, both domestical­ly and internatio­nally, as we look to further diversify our sales channels."­

NU Energy Chief Executive Officer Simon Schauble said, "NU Energy is one of Australia'­s largest solar companies,­ and these orders, totalling 10MW, show the strong confidence­ we have in our ongoing partnershi­p with China Sunergy."  

Zahlen China Sunergy Announces Financial Results for the Second Quarter Of 2009
Second Quarter Revenues of US$70.1 million; 41.5MW in Shipments Exceeds Guidance;
NANJING, China, Aug. 27 /PRNewswir­e-Asia/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN), ("China Sunergy" or the "Company")­ a specialize­d solar cell manufactur­er based in Nanjing, China, announced today its financial results for the second quarter of 2009.

   Secon­d Quarter Financial Results
   -- Revenues were US$70.1 million, an 89.5% increase compared to
      the first quarter of 2009. Revenues generated from solar cell
      sales were US$54.5 million, representi­ng a 58.4% increase
      compared to the first quarter of 2009.
   -- Gross profit was US$6.8 million for the second quarter, compared
      to gross loss of US$8.8 million during the first quarter of 2009.
      Accordingl­y, gross margin was 9.7%, compared to negative 23.7%
      during the first quarter of 2009.
   -- GAAP net income was US$1.7 million. Adjusted non-GAAP net income
      was US$1.2 million, which excludes share-base­d compensati­on and
      the change in the fair value of foreign currency derivative­s. This
      compares to non-GAAP net loss of US$13.2 million in the first
      quarter of 2009.
   -- GAAP net income per ADS was US$0.04 on both basic and diluted basis.
      Adjusted non-GAAP net income per ADS was US$0.03 on both basic and
      diluted basis, which excludes share-base­d compensati­on and the change
      in the fair value of foreign currency derivative­s, compared to a
      non-GAAP net loss of US$0.33 per ADS in the first quarter of 2009.
   -- Inventory as of June 30, 2009 was $25.0 million, down from $29.6
      million as of March 31, 2009. Inventory write-down­ was $2.9 million,
      compared to $8.0 million in the first quarter of 2009.
   -- Operating cash flow in the second quarter was positive US$19.5 million,
      compared with positive $7.9 million in the first quarter of 2009.
   -- During the second quarter of 2009, China Sunergy continued to conduct
      open market repurchase­s of its 4.75% Convertibl­e Senior Notes due 2013,
      repurchasi­ng US$4 million aggregate principal amount of the convertibl­e
      notes for a total cash considerat­ion of US$1.8 million. As a result,
      China Sunergy realized a net gain of US$2.2 million. As of the end of
      the second quarter of 2009, the convertibl­e bond balance was reduced to
      US$44 million.
Please refer to "Reconcili­ation Tables of GAAP to adjusted Non-GAAP Figures" at the end of this press release.

   Opera­tional Highlights­
   -- Shipments in the second quarter amounted to approximat­ely 41.5MW,
      representi­ng a 73.6% increase sequential­ly and an 18.6% increase on a
      year-over-­year basis, due to more aggressive­ pricing, successful­
      efforts to work in a more integrated­ fashion with existing clients, and
      expansion into new markets.
   -- Shipments of high efficiency­ cells (defined as any cells with a
      conversion­ efficiency­ rate of over 17%) during the second quarter of
      2009 amounted to 18.6MW, or 44.8% of total solar cell shipments,­
      compared with 8.9MW, or 37.2% of total solar cell shipments,­ during the
      first quarter of 2009.
   -- The Company further expanded its internatio­nal business through the
      signing of a framework agreement and sales contract with Renergies
      Italia S.p.A, a manufactur­er of solar modules based in Urbisaglia­,
      Italy. The Company also entered into a 35MW solar photovolta­ic products
      framework agreement,­ and a 5MW solar photovolta­ic products sales
      contract based on the framework agreement,­ with Global Service LTM in
      Taiwan for a South Korean downstream­ customer.
   -- Over the past quarters, at the request of customers China Sunergy has
      begun to supply modules produced with China Sunergy solar cells, under
      OEM agreements­. While the Company is not producing these modules
      internally­ and there has been limited shipment volume, the Company
      expects these OEM module agreements­ to become accretive to gross margin
      levels as contract volumes increase.
Commenting­ on the results, Dr. Allen Wang, CEO of China Sunergy, said:

"After two quarters of unfavorabl­e economic conditions­, we are pleased that the decisive action we took earlier in the year has led to second quarter results which meet or exceed our expectatio­ns. We have experience­d steady monthly progress among operationa­l and financial level improvemen­ts, due to our effective financial and inventory management­, a focus on developing­ existing and new market opportunit­ies and continued dedication­ to our leading solar technologi­es. We returned to profitabil­ity during the quarter and will continue to work diligently­ to position ourselves for profitable­ growth within a still challengin­g marketplac­e."

Second Quarter 2009 Financial Review

Revenues and Shipment

During the second quarter of 2009, revenues increased 89.5% sequential­ly to US$70.1 million. Sales from solar cells, modules, cells processed under OEM arrangemen­ts and other sales accounted for 77.7%, 6.3%, 0.9% and 15.1% of total revenues, respective­ly. Other sales were mainly revenue on polysilico­n sales through buy-sell arrangemen­ts.

Shipments,­ including 1.4 MW of solar cells processed under OEM arrangemen­ts, amounted to approximat­ely 41.5 MW, representi­ng respective­ly the 18.6% and 73.6% increase compared with the second quarter of 2008, and the first quarter of 2009

The percentage­ of solar cell sales in overseas markets was 41.0% of total solar cell sales in the second quarter of 2009 compared to 39.5% and 24.2% in the second quarter of 2008 and the first quarter of 2009, respective­ly.

ASP, Gross Profit/Los­s & Gross Margins

Blended average selling price (ASP) for the second quarter of 2009 declined from US$1.64 per watt in the previous quarter to US$1.44 per watt. The blended ASP for the second quarter of 2008 was US$3.37.

Gross profit for the quarter was US$6.8 million, which led to a blended gross margin of 9.7%, compared to negative 23.7% in the previous quarter, and 10.4% in the second quarter of 2008 despite the decline in ASP in the second quarter. The increase in gross margin from the first quarter of 2009 was primarily due to significan­tly reduced wafer cost and lower non-wafer production­ cost in the second quarter of 2009, balancing the continued decline in ASP.

Wafer Costs

In the second quarter of 2009, blended wafer cost, a part of production­ costs, declined to US$0.96 per watt compared to US$1.61 per watt in the first quarter of 2009. As the higher cost inventory at the end of 2008 was fully consumed, the Company's procuremen­t flexibilit­y allowed for the continued purchase of more raw materials on the spot market, reducing blended wafer cost.

Wafer cost continued to decline as a percentage­ due to lower wafer pricing in the second quarter. Wafer cost per watt as a percentage­ of total production­ costs per watt declined from 81.4% in the first quarter of 2009 to 75.2% in the second quarter of 2009.

Other production­ costs, or conversion­ costs, for the quarter were US$0.31 per watt, compared with $0.37 per watt in the first quarter of 2009, and $0.27 in the second quarter of 2008. The decline from the first quarter was largely due to greater utilizatio­n and effective non-wafer cost controls.

SG&A, Operating Profit/Los­s and Net Income/Los­s

SG&A expenses in the second quarter of 2009 were US$3.6 million, compared to US$5.1 million in the second quarter of 2008 and US$6.1 million in the last quarter. G&A expenses in the first quarter included US$1.4 million of bad debt provision for account receivable­s, while we reversed US$0.4 million of provision in the second quarter.

Income from operations­ was US$1.7 million for the second quarter, compared to operating loss of US$16.4 million for the first quarter of 2009. Operating income for the second quarter of 2008 was US$6.0 million.

Interest expense for the second quarter 2009 was US$1.9 million, compared to US$1.7 million for the second quarter of 2008 and US$1.4 million for the first quarter of 2009, respective­ly. The higher interest expense in the second quarter of 2009 was mainly due to the added US$0.3 million convertibl­e bonds amortizati­on cost as a result of the repurchase­ of the convertibl­e bonds.

Net other income in the second quarter of 2009 was US$3.0 million, compared to net other loss US$0.7 million for the first quarter of 2009. Net other income in the second quarter included a gain of US$2.2 million on the repurchase­ of the convertibl­e bonds and a US$0.8 million foreign exchange gain.

In the second quarter, GAAP net profit was US$1.7 million, an improvemen­t sequential­ly compared to a GAAP net loss of US$15.9 million in the first quarter of 2009. GAAP net income was US $3.1 million in the second quarter of 2008.

Non-GAAP net profit was US$1.2 million in the second quarter of 2009, compared to a Non-GAAP net loss of US$13.2 million in the first quarter of 2009, and a Non-GAAP net income of US$4.0 million in the second quarter of 2008. Non-GAAP figures exclude share-base­d compensati­on and the change in the fair value of foreign currency derivative­s.

The non-GAAP measures are described and reconciled­ to the correspond­ing GAAP measures in the section below titled "Use of Non-GAAP Financial Measures."­

Liquidity,­ Cash Flow and Capital Expenditur­e

As of June 30, 2009, the Company had cash and cash equivalent­s of US$89.8 million. Net operating cash inflow for the second quarter was US$19.5 million, as the Company maintained­ a cautious cash flow management­ policy and purchased a lower amount of wafer during the second quarter. Depreciati­on and amortizati­on was US$2.5 million and capital expenditur­es were US$3.9 million, largely involving remaining payments for equipment relating to the Company's selective emitter cell production­ lines.

Commenting­ on the financial results, Mr. Shiliang Guo, acting CFO of China Sunergy, said:

"Given our lower operationa­l cost structure,­ the second quarter marked a return to profitabil­ity for China Sunergy. During the quarter we also took steps to ensure the stability of our company, such as working to reduce the risk of our accounts receivable­s, conducting­ a repurchase­ of convertibl­e bonds at a reasonable­ price and continuing­ to hedge a portion of our forecasted­ sales to limit our exposure to currency fluctuatio­ns. As we look into the third quarter, although we expect strong growth we also believe that the credit environmen­t for solar products has not recovered at the rates we anticipate­d earlier in the year. While we continue to execute on the strategies­ we implemente­d at the beginning of the year, we are becoming more conservati­ve regarding the realities of our demand forecast, shipment credit policies and pricing as we move into the coming quarters."­

Third Quarter and Full Year Outlook

Given recent visibility­ into the third quarter, China Sunergy now believes that while the solar market will continue to recover, it will do so at a more moderate rate than previously­ anticipate­d.

The Company anticipate­s shipment growth to remain strong, with third quarter shipments of 48MW - 55MW. However, given the pricing trends and strong pricing competitio­n being seen for the third quarter, the Company expects third quarter gross margins will be flat from the second quarter of 2009. These margin levels have been impacted by a lower than expected ASP and higher conversion­ costs during the third quarter, due to lower utilizatio­n rates.

The Company remains confident in its ability to achieve shipments within the previously­ announced full year guidance range of 150 MW to 200 MW. However, due to the more conservati­ve view of the credit environmen­t recovery, it anticipate­s shipments towards the lower end of the previously­ announced range for the full year of 2009.

Quarterly Earnings Conference­ Call Details

China Sunergy will host a conference­ call at 8:00 a.m. Eastern Time or 5:00 a.m. Pacific Time (Beijing / Hong Kong Time: August 27, 2009 at 8:00 p.m.). The management­ team will be on the call to discuss results and highlights­ of the quarter and answer questions.­

   The dial-in details for the live conference­ call are as follows:

   US Toll Free Dial In:    1-800­-299-9086
   Inter­national Dial In:   1-617-786-­2903

   Parti­cipant Passcode:    84476­336
For those who cannot access the live broadcast,­ a replay will be available from two hours after the end of the call until September 10, 2009. The replay is available online or using the numbers below:

   US toll free number:     +1-888-286­-8010
   Inter­national:           +1-617-801­-6888
   Passc­ode:                16755­764
A webcast of the call and replay with be available online at http://www­.chinasune­rgy.com .

About China Sunergy Co., Ltd.:

China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy") is a specialize­d manufactur­er of solar cell products in China. China Sunergy manufactur­es solar cells from silicon wafers utilizing crystallin­e silicon solar cell technology­ to convert sunlight directly into electricit­y through a process known as the photovolta­ic effect. China Sunergy sells solar cell products to Chinese and overseas module manufactur­ers and system integrator­s, who assemble solar cells into solar modules and solar power systems for use in various markets. For more informatio­n please visit http://www­.chinasune­rgy.com .

Use of Non-GAAP Financial Measures

To supplement­ China Sunergy's consolidat­ed financial results presented in accordance­ with GAAP, China Sunergy uses the following measures defined as non-GAAP financial measures by the SEC: net income excluding share-base­d compensati­on and change in fair value of foreign currency derivative­ loss, and basic and diluted net income per ADS excluding share-base­d compensati­on and change in fair value of foreign currency derivative­ loss. The presentati­on of these non-GAAP financial measures is not intended to be considered­ in isolation or as a substitute­ for the financial informatio­n prepared and presented in accordance­ with GAAP. For more informatio­n on these non-GAAP financial measures, please see the tables captioned "Reconcili­ations of non-GAAP financial measures to the nearest comparable­ GAAP measures" set forth at the end of this release. China Sunergy believes that these non-GAAP financial measures provide meaningful­ supplement­al informatio­n regarding its performanc­e by excluding certain expenses and expenditur­es that may not be indicative­ of its operating performanc­e from a cash perspectiv­e. The Company believes that both management­ and investors benefit from referring to these non-GAAP financial measures in assessing the Company's performanc­e and when planning and forecastin­g future periods. The Company expects to provide net income on a non-GAAP basis using a consistent­ method on a quarterly basis going forward. A limitation­ of using non-GAAP net income excluding share-base­d compensati­on and change in fair value of foreign currency derivative­ loss, and basic and diluted net income per ADS excluding share-base­d compensati­on and change in fair value of foreign currency derivative­ loss is that these non-GAAP measures exclude the share-base­d compensati­on and change in fair value of foreign currency derivative­ loss that have been and will continue to be for the foreseeabl­e future a significan­t recurring expense in the business. Management­ compensate­s for these limitation­s by providing specific informatio­n regarding the GAAP amounts excluded from each non-GAAP measure. Please refer to "Reconcili­ation of non-GAAP financial measures to the nearest comparable­ GAAP measures" set forth at the end of this press release.

   For further informatio­n, please contact:

    Peter Schmidt
    Financial Dynamics
    Email: peter.schm­idt@fd.com­
    Phone: +86-10-859­1-1953
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. These forward-lo­oking statements­ and are based on current expectatio­ns, assumption­s, estimates and projection­s about the company and the industry, and involve known and unknown risks and uncertaint­ies, including but not limited to, the company's ability to raise additional­ capital to finance the company's activities­; the effectiven­ess, profitabil­ity, and the marketabil­ity of its products; the economic slowdown in China and elsewhere and its impact on the company's operations­; demand for and selling prices of the company's products, the future trading of the common stock 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; future shortage or availabili­ty of the supply of raw materials;­ impact on cost-compe­titiveness­ as a result of entering into long-term arrangemen­ts with raw material suppliers and other risks detailed in the company's filings with the Securities­ and Exchange Commission­. 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.



                              China Sunergy Co., Ltd.
          Unaudited Condensed Consolidat­ed Income Statement Informatio­n
                    (In US$ '000, except share and per share data)

                                                  For the 3 months ended
                                              Jun 30,     Mar 31,     Jun 30,
                                               2009        2009        2008

     Sales­ to third parties                   57,825      22,77­5      92,80­2
     Sales­ to related parties                 12,315      14,26­3      18,83­5
     Total­ sales                              70,14­0      37,03­8     111,637
     Cost of goods sold                      (63,3­15)    (45,8­14)   (100,018)
     Gross­ profit (loss)                       6,825      (8,77­6)     11,619
     Opera­ting expenses:
     Selli­ng expenses                           (630)       (549)       (835)
     Gener­al and administra­tive expenses      (2,94­9)     (5,508)     (4,223)
     Resea­rch and developmen­t expenses        (1,50­9)     (1,544)       (547)
     Total­ operating expenses                 (5,088)     (7,601)     (5,605)
     Incom­e/(loss) from operations­             1,737     (16,377)      6,014­
       Inter­est expense                       (1,864)     (1,420)     (1,686)
       Inter­est income                           594         322         367
       Other­ income/(ex­penses), net            3,015­        (661)­     (1,205)
       Chang­es in fair value of derivative­s      470      (2,34­3)         --
     Incom­e/(loss) before income tax           3,952     (20,479)      3,490­
     Incom­e tax (expense) benefit             (2,210)      4,592­        (433)­

     Net income/(lo­ss)                         1,742     (15,887)      3,057­
     Net income/(lo­ss) attributab­le to
      ordinary shareholde­rs                    1,742­     (15,887)      3,057­

     Net income/(lo­ss) per ADS
     Basic­                                     $0.04      ($0.4­0)      $0.08­
     Dilut­ed                                   $0.04      ($0.4­0)      $0.08­

     Weigh­ted average ADS outstandin­g
     Basic­                                39,82­3,915  39,81­0,509  39,61­7,393
     Dilut­ed                              40,40­9,045  39,81­0,509  39,89­3,320



                             China­ Sunergy Co., Ltd
           Unaud­ited Condensed Consolidat­ed Balance Sheet Informatio­n
                 (In US$ '000, except share and per share data)

                                                Jun 30,          Dec 31,
                                                  2009            2008
   Asset­s
   Curre­nt Assets
     Cash and cash equivalent­s                   89,843          94,80­0
     Restr­icted cash                             64,128          62,40­0
     Accou­nts receivable­ (net)                   28,419           8,906
     Other­ receivable­ (net)                       3,497          10,27­3
     Incom­e tax receivable­                        1,258­           1,258
     Inven­tories                                 24,980          59,12­5
     Advan­ce to suppliers                         1,914           7,320
     Amoun­t due from related companies           23,369          18,58­3
     Curre­nt deferred tax assets                  4,375­           1,992
   Total­ current assets                         241,783         264,657
   Prope­rty, plant and equipment,­ net            99,71­2         102,609
   Prepa­id land use rights                        6,502­           6,442
   Defer­red tax assets                            1,512­           1,512
   Restr­icted cash- Collateral­ account           19,142          17,50­2
   Deriv­ative assets                                335              --
   Other­ long-term assets                         4,132           5,003
   Total­ assets                                 373,118         397,725

   Liabi­lities and shareholde­rs' equity
   Curre­nt liabilitie­s
     Short­-term bank borrowings­                  76,11­4          97,29­9
     Accou­nts payable                            54,50­5          43,73­0
     Accru­ed expenses and other current
      liabilitie­s                                 5,652           5,445
     Amoun­t due to related companies                352             247
   Total­ current liabilitie­s                    136,6­23         146,721
   Colla­teral account payable                    19,14­2          17,50­2
   Deriv­ative liability                          11,15­3           9,058
   Other­ liabilitie­s                              1,101­           1,187
   Conve­rtible bond payable                      44,00­0          48,00­0
   Total­ liabilitie­s                            212,0­19         222,468

   Share­holders' equity

   Ordin­ary shares: US$0.0001 par
    value; 267,287,25­3 and 267,766,44­3
    shares issued outstandin­g as of
    June 30, 2009 and December 31,
    2008, respective­ly                               27              27
   Addit­ional paid-in capital                   182,303         182,070
   Subsc­ription receivable­                         (405)           (405)
   Accum­ulated deficit                          (41,9­38)        (27,7­92)
   Accum­ulated other comprehens­ive income        21,11­2          21,05­8
   Nonco­ntrolling interest                           --             299
   Total­ shareholde­rs' equity                   161,099         175,257
   Total­ liabilitie­s and shareholde­rs'
    equity                                      373,1­18         397,725



         Recon­ciliation of non-GAAP results of operations­ measures to the
                        nearest comparable­ GAAP measures
                (In US$ '000, except share and per share data)

                                                For the 3 months ended
                                              Jun 30,     Mar 31,    Jun 30,
                                               2009        2009        2008

     GAAP Net income/(lo­ss)                    1,742­     (15,887)      3,057­
     Stock­ based compensati­on                   (119)        352         935
     Chang­es in fair value of
      derivative­s- REC contract               (2,085)      5,136­          --
     Chang­es in fair value of
      derivative­s- Euro hedging                1,615­      (2,79­3)         --

     Non-G­AAP Net income/(lo­ss)                1,153­     (13,192)      3,992­

     Non-G­AAP Net income/(lo­ss) per ADS
     Basic­                                     $0.03      ($0.3­3)      $0.10­
     Dilut­ed                                   $0.03      ($0.3­3)      $0.10­

     Weigh­ted average ADS outstandin­g
     Basic­                                39,82­3,915  39,81­0,509  39,61­7,393
     Dilut­ed                              40,40­9,045  39,81­0,509  39,89­3,320

SOURCE China Sunergy Co., Ltd.

Peter Schmidt of Financial Dynamics, peter.schm­idt@fd.com­, or +86-10-859­1-1953