REC Silicon announced the second quarter earnings: polysilicon sales 2090 tons 1435 tons of inventory

Solar photovoltaic (pv) net news: recently, REC Silicon public earnings in the second quarter of 2019, earned $47 million in the second quarter of 2019, EBITDA ( Refers to the interest, tax, depreciation and amortisation) For $500000, and this value is - the first quarter 4. 7 million dollars, EBITDA growth is mainly due to the Butte Montana semiconductor materials factory power cost reduction.

REC Silicon on June 30, 2019 report cash balance of $38. 4 million, and March 31, 2019, compared to the cash balance increased by $13 million. Operating cash flow this quarter $4 million, including interest related to the agreement, $7. 6 million and $3. 1 million payment, in order to solve the REC Silicon to yulin provide additional equity obligations. In addition, the company in the United States won a $2. 7 million tax rebates, reduced the net working capital of $3. 2 million.

because of the limitation of entering the Chinese polysilicon market FBR (Moses lake Washington Fluidized bed method) The factory closed in on May 15, 2019. This quarter FBR production of 980 tons, FBR production costs to 18. $5 / kg. Company is expected in the third quarter of 2019 in the fourth quarter, and Moses lake FBR the factory's production will be zero. This quarter finished granular polysilicon inventories, 1059 tons of lead to June 30, 2019, the rest of the inventory of 1435 tons, is expected to be sold in the second half of 2019.

silicon gas sales in the second quarter of 834 tons, the target of 960 tons. As cause the overall decline in sales of photovoltaic application average prices fell, the silane gas prices rose 3 from the first quarter of 2019. 0%. In the second quarter of the semiconductor polysilicon production of 216 tons, the target of 220 tons.

, President and chief executive of Tore Torvund said: & other; Unfortunately, due to enter the Chinese market, we were forced to shut down the FBR facilities. We still hope the talks between the United States and China to restore REC Silicon into China's polysilicon market opportunities, and we can restart the FBR production of the factory. ”

the original title: 【 The headline 】 In the second quarter of 2090 tons of polysilicon sales results in the second quarter of 1435 tons of inventory REC market position and find out the

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