SOL analysis and prediction

2008 Q1 results

--revenue $123 million,

--gross profit $27.2 million, gross margin 22.1%



--operating profit $23.2 million, operating overhead 14.7%

--net profit $17.7million, net profit margin 14.4% eps 0.28



2008 Q2 outlook

--output 75MW-80MW compared to 66.5MW in Q1


-->revenue $138.7-147million

-->net income $20.3-21.6million, eps 0.32



2008 Q2 results

--revenue 173million


--gross profit $42.7million gross margin 24.7%

--operating income $34.5million, admin overhead $19.35

--net income $23.3 million, 13.4% net income margin

--eps 0.38



2008 outlook

--revenue $640-670million

--gross margin similar

--net income $85.7million(min)-89.7(mean)

--eps 1.31-1.37 (one ADS is two shares)




Comments:

operating overhead is relatively low.

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