* Sees 2014 shipments 1.5-1.6 GW vs 1.3 GW last year
* 4th-qtr loss $0.04 per ADS vs $1.27 per ADS last year
* Shares rise 10 pct premarket
March 13 China-based Hanwha SolarOne Co Ltd
said it expects solar panel shipments to rise this year
due to robust demand from Japan, its largest market, and China.
Hanwha's shares jumped about 10 percent to $3.58 before the
bell on Thursday.
The company posted a much smaller loss and steep a jump in
sales in the fourth quarter, underlining a steady recovery in
the sector as Japan subsidizes solar power and China boosts
Rivals Yingli Green Energy Holding Co Ltd, Trina
Solar Ltd and JinkoSolar Holding Co Ltd have
also said they expect solar panel shipments to rise.
Chinese solar companies have struggled for the past four
years, hit by excess manufacturing capacity and withdrawal of
subsidies in key European markets, prompting many to scale back
or shut production.
Hanwha's net loss narrowed to $3.6 million, or 4 cents per
American Depositary Share (ADS), in the quarter ended Dec. 31,
from $107.6 million, or $1.27 per ADS, a year earlier.
Net revenue rose 60 percent to $213.9 million.
Panel shipments soared 77 percent to 352.2 megawatts (MW).
However, shipments in the first quarter will remain the same as
fourth quarter due to seasonal weakness in China and North
Hanwha SolarOne expects to ship 1.5-1.6 gigawatts of panels
this year, up from the 1.3 gigawatts it shipped 2013.
Gross margins are expected to be positive this year, ranging
between 15 percent and 20 percent, the company said.
Higher panel prices and reduced costs helped Hanwha SolarOne
post a positive gross margin of 14.1 percent in the fourth
quarter, compared with a negative 31.3 percent last year.