FAQ
1. What is Suntech? What does it do?
2. What are photovoltaic cells and modules?
3. Who uses your products? Where are your customers located?
4. Where does Suntech rank in global PV cell production?
5. What year and where was Suntech incorporated?
6. Where is Suntech based?
7. How many employees does Suntech have?
8. Where is Suntech traded?
9. When was Suntech's initial public offering? What was the issue price?
10. Who were Suntech's underwriters?
11. For what purposes will the proceeds of the initial public offering be used?
12. Who is Suntech's independent auditor?
13. When does Suntech's fiscal year end?
14. What is Suntech's dividend policy?
1. What is Suntech? What does it do?
We are one of the leading solar energy companies in the world, as measured by production output in 2007. We design, develop, manufacture and market a variety of PV cells and modules.
2. What are photovoltaic cells and modules?
Photovoltaic, or PV, cells and modules are devices that convert sunlight into electricity through a process known as the photovoltaic effect.
3. Who uses your products? Where are your customers located?
Our products are used to provide reliable and environmentally friendly electric power for residential, commercial, industrial and public utility applications in various markets worldwide, including a number of European countries such as Germany and Spain, as well as China and the United States. We sell our products outside of China primarily through distributors and in China primarily to end users directly.
4. Where does Suntech rank in global PV cell production?
Since we commenced business operations in May 2002, we have grown rapidly to become one of the world's top 10 manufacturers of photovoltaic, or PV, cells in 2007, based on production output, according to the March 2008 issue of Photon International, a magazine covering the international PV industry.
5. What year and where was Suntech incorporated?
Our predecessor company, Wuxi Suntech Power Co., Ltd., or Suntech China, was established in Wuxi, China in January 2001 and commenced business operations in May 2002. Suntech Power Holdings Co., Ltd., or Suntech, was incorporated in the Cayman Islands on August 8, 2005 in preparation for our initial public offering.
6. Where is Suntech based?
Our headquarters are in Wuxi, China. Our contact details are:
17-6 Changjiang South Road, New District,
Wuxi, Jiangsu Province 214028,
People's Republic of China
Tel: +86 510 534 5000
Website: http://www.suntech-power.cn
7. How many employees does Suntech have?
We have approximately 8,000 employees as of the beginning of 2008.
8. Where is Suntech traded?
Suntech is traded on the New York Stock Exchange under the symbol STP.
9. When was Suntech's initial public offering? What was the issue price?
We listed on December 14, 2005 at $15 per ADS. Each ADS represents one of our ordinary shares.
10. Who were Suntech's underwriters?
Credit Suisse First Boston LLC and Morgan Stanley & Co. International Limited.
11. For what purposes will the proceeds of the initial public offering be used?
We intend to utilize the funds from the initial public offering to purchase or prepay raw materials, expand our manufacturing lines for the production of PV cells and modules, enhance our R&D, acquisitions, and other general purposes.
12. Who is Suntech's independent auditor?
Deloitte Touche Tohmatsu CPA Ltd.
13. When does Suntech's fiscal year end?
Suntech's fiscal year ends on December 31.
14. What is Suntech's dividend policy?
We have never declared or paid any dividends, nor do we have any present plan to pay any cash dividends on our ordinary shares in the foreseeable future. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business.