Annual Report

The report describes a challenging 2016 as the China-US solar trade war restricted market access and reduced production, with revenues of $271.2 million. The company cut costs and returned to positive EBITDA in the fourth quarter while continuing its Yulin joint-venture buildout. Group energy use fell 18 percent, but total CO2 emissions rose 9 percent as indirect emissions from electricity increased. Lost time injuries declined from 9 to 6, and the company reported no corruption incidents.