Founded in 1997, Trina Solar is one of the world's leading PV companies. Fully vertically-integrated from ingots to modules in both mono and multicrystalline technologies, Trina Solar offers world class quality in its high performing modules.
Listed on the NYSE, the company operates worldwide to deliver the best value to its customers. By the end of 2010, the company had reached a solar module capacity of 1.2GW, while its annual global shipments of 1.06GW have strengthened its leading industry position. Management Team
| Trina Solar leadership team is made up of employees from a number of nationalities, each with significant management and PV industry experience, who work together to bring the highest quality solar modules and the best service to customers around the world. |
 |
Jifan Gao
Chairman and Chief Executive Officer |
| Mr. Gao established Trina Solar in December 1997. His success in developing Trina Solar over the past ten years originated from his experience with his prior two companies. Prior to founding Trina Solar, Mr. Gao established and managed Wujin Xiehe Fine Chemical Factory for five years. Earlier, Mr. Gao spent four years establishing and managing his first company, Guangdong Shunde Fuyou Detergent Plant. Mr. Gao currently serves as the Vice Chairman of the China Renewable Energy Society Solar Power Construction Committee and the standing Vice Chairman of New Energy Chamber of Commerce of All-China Federation of Industry and Commerce. He graduated from Jilin University with a MS degree in Physical Chemistry in 1988. He received his BS in Chemistry from Nanjing University in 1985. |
Terry Wang
Chief Financial Officer |
| Mr. Wang joined Trina Solar as our Senior Vice President of Finance in January 2008. Mr. Wang has 20 years of extensive experience in international financial operations and management in technology and manufacturing industries. Before joining Trina Solar, Mr. Wang served as the Executive Vice President of Finance of Spreadtrum Communications, Inc., a fabless semiconductor company listed on NASDAQ. Prior to Spreadtrum Communications, Mr. Wang served as CFO of a silicon valley-based technology company and controller at one of the world's largest NASDAQ-listed semiconductor assembly and testing companies. Mr. Wang holds a Certified Management Accountant (CMA) and a Certified in Financial Management (CFM) as well as an MBA in Finance from the University of Wisconsin. |
Mark Kingsley
Chief Commercial Officer |
| Mr. Mark Kingsley has been appointed to the new position of Chief Commercial Officer effective May 1, 2011. Mr. Kingsley will report directly to Mr. Jifan Gao, Trina Solar's Chairman and Chief Executive Officer and will be responsible for leading the global sales, marketing and product management efforts. He will also help to further develop the Company's global commercial presence and achieve a sustainable global leadership position in the solar space. Mr. Kingsley brings to Trina Solar more than 20 years of extensive global business operations and marketing experience from the world's largest technology firms. Prior to joining the Company, he served as a Senior Vice President and Head of ABB Robotics' business unit based in Zurich. Before that, he was the Chief Marketing Officer at GE Sensing & Inspection Technologies and a member of GE's corporate marketing council. |
Stephanie Yang Shao
Chief Human Resources Officer |
| Ms. Stephanie Yang Shao has joined the Company as Chief Human Resources Officer on September 15, 2010, reporting directly to Chief Executive Officer, Mr. Jifan Gao. Ms. Shao brings to Trina Solar more than 15 years of global experience in FORTUNE 500 companies and expertise in key human resources ("HR") areas, including corporate and international recruitment, performance management and organization development. Ms. Shao will oversee Trina Solar's overseas HR management system and compensation and benefits for its employees globally. Before joining Trina Solar, Ms. Shao worked at Colgate-Palmolive (New York) in various roles, including the position of Global Employee Relations & Engagement Director. Prior to Colgate-Palmolive, she worked at Bristol-Myers Squibb and The Dun & Bradstreet Corporation in functions related to HR, marketing, and business development. Ms. Shao holds a Doctorate degree in Social & Organizational Psychology from Rutgers University and received an Executive Education in Marketing Management from the Graduate School of Business of Columbia University in New York. |
Gary Yu
Senior Vice President, Operations |
| Mr. Yu who served as Trina Solar's Vice President of Manufacturing since May of 2007, has been promoted to the position of Senior Vice President, Operations since July 2010. Mr. Yu has 17 years manufacturing management experience in semiconductor-related industries. Before joining Trina Solar, he was Managing Director of Wuxi Lite-On Technology, a LED assembly company in China. Prior to Wuxi Lite-On Technology, he served as a Director of Manufacturing for 1st Silicon Sdn. Bhd, Malaysia. Earlier, he worked at Macronix International, a semiconductor integrated device manufacturer in Taiwan. Mr. Yu received his master's degree in Industrial Engineering and Management from National Chiao Tung University in Taiwan and his bachelor's degree in Chemical Engineering from Tunghai University. |
Personal contact is important to us. Fill out the form, and we will have someone contact you as quickly as possible.
Alternatively, you can email us at any time:
General Information: info@trinasolar.com
International Sales: sales@trinasolar.com
International Procurement: procurement@trinasolar.com
Human Resources: recruitment@trinasolar.com
Investor Relations: IR@trinasolar.com Trina Solar has worldwide locations in order to accommodate the needs of all our customers. Hover over, or click on, the markers within the map to find the contact information for the closest sales and marketing office near you. China - Headquarters
No. 2 Trina Road, Trina PV
Industrial Park, New District,
Changzhou, Jiangsu, 213031,
China
T +86 519 8548 2008
F +86 519 8517 6021
E sales@trinasolar.com http://maps.gstatic.com/mapfiles/openhand_8_8.cur"), default; height: 375px; left: 0px; overflow: hidden; position: relative; top: 0px; width: 430px; z-index: 0">
Switzerland
European HQ
Trina Solar (Schweiz) AG
Leutschenbackstr. 45,
8050 Zurich
Switzerland
T +41 43 299 68 00
F +41 43 299 68 10
E europe@trinasolar.com United States
Trina Solar (U.S.), Inc.
100 Century Center, Suite 340
San Jose, CA 95112
USA
T +1 800 696 7114
F +1 800 696 0166
E usa@trinasolar.com A solar leader Since 1997, Trina Solar has maintained an unwavering commitment to producing dependable, high performing solar modules. As the company has grown into a worldwide leader in the global solar industry, it has never strayed from one central commitment - to build a solar panel that delivers the most value for customers.
This commitment is woven into every aspect of Trina Solar's business. Its world-class manufacturing facility and its quality laboratory, the Center for Excellence, have both been internationally recognized respectively for their production processes and for their reliability, and for their commitment to environmental standards. Three different independent parties have ranked Trina Solar modules among the best performing panels in the world over the past three years. Years of field results have shown higher-than-expected energy production from our panels. 
Recently, Trina Solar broke barriers once again, this time by offering product workmanship warranties that double the industry standard.
Whether you're dealing with one of the regional headquarters located on four continents, or with a local office in Sydney, Madrid, Munich, Milan, San Jose, Seoul, Tokyo, Zurich, Beijing, or Shanghai, the commitment to delivering value is shared by Trina Solar's team around the world.
As Trina Solar changes the way the world gets its power, one important principle will remain the same - delivering the most value for customers. Business Model
Trina Solar Limited (NYSE: TSL) is a worldwide leader in the manufacture of mono- and multi-crystalline photovoltaic (PV) modules. It has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company in China. Homeowners, businesses, local governments, and utilities depend upon the high performance and proven quality of our panels to deliver value throughout the module life. With local offices throughout North America, Asia, Europe, and Australia, Trina Solar is committed to the ongoing advancement of our products, as well as to accelerating the world's transition to clean, reliable renewable energy. 
Trina Solar has successfully developed into a leader in the PV industry based on its vertically integrated business model.
Controlling the entire value chain allows us to control the quality of the product all along the manufacturing process. As a result, we can build in superior performance at every level as we produce our own ingots, wafers, cells and modules in-house.
The control and efficiency achieved from this integrated value chain helps Trina Solar continuously improve our production processes, lower manufacturing costs, shorten production cycles, and run over 30 internal tests in accordance with international standards. As a result, we can ensure that our customers receive the highest quality, value, and optimal power output from all of our panels, while continuing to expand our business.
Management Team
Trina Solar leadership team is made up of employees from a number of nationalities, each with significant management and PV industry experience, who work together to bring the highest quality solar modules and the best service to customers around the world.
JifanGao, Chairman and Chief Executive Officer
Mr. Gao established Trina Solar in December 1997. His success in developing Trina Solar over the past ten years originated from his experience with his prior two companies. Before founding Trina Solar, Mr. Gao established, and managed WujinXiehe Fine Chemical Factory for five years. Before that, Mr. Gao established and managed Guangdong ShundeFuyou Detergent Plant. Mr. Gao currently serves as the Vice Chairman of the China Renewable Energy Society Solar Power Construction Committee and is the standing Vice Chairman of New Energy Chamber of Commerce of the All-China Federation of Industry and Commerce. He graduated from Jilin University with an MS degree in Physical Chemistry in 1988. He received his BS in Chemistry from Nanjing University in 1985.
Trina Solar Product Categories
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From 175-210W, Trina Solar's monocrystalline series provides the best $/KWH value under the sun.
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From 225-285W, Trina Solar's multicrystalline series include the most popular, vertical and adaptable panels for large-scale installations.
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Combining PV module expertise with a highly innovative mounting system solution, Trina Solar is introducing Trinamount solutions.
By Panel Type
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One of the driving trends in the solar industry is increasing the overall value of solar modules by increasing the amount of energy generated per area required. With the continuous improvement of our mono and multicrystalline cell technologies we strive to live up to our motto of "more power, less space".
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Here at Trina Solar, we take customer suggestions seriously, and incorporate their feedback in our panel design to make our products aesthetically pleasing.
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One of the major advantages of solar energy is its versatility. Our panels are designed with the same goal of wide applicability.
Trina Solar, the best $/kWh value
under the sun
Available Q3 2011
Trinamount
Trina Solar is looking beyond the module to bring you the best solutions available in the market. Combining PV module expertise with a highly innovating mounting system solution, Trina Solar is introducing the Trina Mount-the fastest, easiest and least expensive way to mount PV modules onto residential and commercial rooftops.
Why Trina Solar
Our panels have proven their superior energy performance in independent tests around the world. Our new 10-year product warranty and our 25-year linear performance warranty provide additional assurance. Choosing Trina Solar isn't just a quality purchase; it's a sound investment.
Our mission is to bring solar to the mainstream, anywhere it is needed. We are committed to making solar more affordable, accessible and reliable than ever before. This is not a long-term goal, but an everyday commitment that drives our business. We manufacture high-performing modules and provide excellent service to our customers while adhering to the highest standards of business ethics. In the past two years, we have reduced energy and water consumption per unit of energy produced by more than 50%.
Trina Solar's impressive rapid growth has been recognized by leading businesses and publications, as well as by customers around the world who trust our products, our services, and our people to provide high-quality solar panels, backed by a strong company.
Quality and Innovation
A solar panel's quality rests on its ability to adapt to any environment and to resist any kind of stress. These factors determine the reliability of a panel and influence the amount of electricity a panel generates over its lifetime.
At Trina Solar, we have decided to go one step further and to push our product testing beyond international standards. Along these lines, we have developed our own testing facility called the Center for Excellence, where we test our panels to guarantee their performance. These tests include environmental tests, product certification processes and material reliability tests, as well as tests on our materials and components to understand how they change over time. These tests allow us to confidently offer our industry-leading warranty on all of our panels. 
Independent third parties have recognized Trina Solar's commitment to quality. Trina Solar panels ranked ahead of their closest competitors, in tests performed by the Photon Solar Module Yield Measurement Test (in 2010), as well as by and the Desert Knowledge Australia Center (in 2009). Trina Solar continues to partner with TÜV Rheinland and Underwriters Laboratories, more commonly known as UL, to perform product certification tests at the company's Testing Center. In addition China's General Certification Centre (GCC) partners with us to provide in-house photovoltaic testing and certification services for end users in China and abroad. These testing arrangements allow Trina Solar to introduce its newest certified product lines in the shortest time to its customers.
As a testament to Trina Solar's commitment to quality, the Chinese government selected Trina Solar to establish a State Key Laboratory to develop PV technologies through researching PV related materials, cell and module technologies and system level performance. The laboratory will advance technological innovations to support the burgeoning industry.
Leading Manufacturing
Trina Solar has successfully developed into a leader in the PV industry based on its vertically integrated business model. Trina Solar produces its own ingots, wafers, cells and modules in-house. The control and efficiency achieved from this integrated value chain helps the company to continuously improve production processes, ensuring our customers receive the highest quality and value.
By the end of 2011, Trina Solar will have a capacity of 1.9GW in cells and modules, and 1.2GW in ingots and wafers. All research, development and manufacturing of ingots, wafers, cells and modules is conducted at facilities in Changzhou, China, where the company occupies a site area of approximately 5.12 square kilometers, known as the Trina Solar PV Park. The first phase of the west campus has been completed. The east campus (phases 2 and 3) is a single manufacturing facility. When completed, the east campus will increase the degree of automation and vertical integration for Trina Solar. 
Trina Solar's innovation goes beyond the panels the company produces to the way they are produced. The company is an industry leader in manufacturing panels through methods that respect the environment. In its 2011 Solar Scorecard, the U.S. watchdog group Silicon Valley Toxics Coalition ranked Trina Solar at the top of the industry in this area.
Technical Specifications
State-of-the-art facilities and industry-leading technology have allowed Trina Solar to achieve some of the highest efficiency levels among solar panels. By the end of 2010, the company had achieved efficiencies of 18% for multi-crystalline cells and 19.5% for mono-crystalline cells.
Trina Solar's partnership with leading educational institutions from around the globe will enable the company to continue its position as a worldwide technology leader. These partnerships include a technology transfer and collaboration program with the Massachusetts Institute of Technology (MIT) in the United States. In Asia, Trina Solar has partnered with the Solar Energy Research Institute of Singapore (SERIS) to develop an all-back-contact, high-efficiency, silicon wafer solar cell. The company has also partnered with Australia National University to develop n-type mono c-Si cells with conversion efficiencies of 20% for mass production, as well as p-type multi c-Si cells with conversion efficiencies up to 19%. 
Company investments into research and development have more than tripled in 2010 to $18.6 million, up from $5.3 million in 2009. These investments have allowed Trina Solar's high-quality modules to continue to perform at the top of the solar industry.
Proven Performance
Trina Solar develops panels with one goal: consistently deliver highly reliable and efficient products. Achieving optimum performance is woven throughout our panels. Our manufacturing process institutes stringent quality-control processes that enable our panels to adhere to, if not surpass, international quality standards.
To ensure quality and performance, Trina Solar's products are tested by internationally recognized laboratories. In tests performed by the Photon Solar Module Yield Measurement Test and the Desert Knowledge Australia Center, Trina Solar panels ranked ahead of their closest competitors. More importantly, Trina Solar modules have proven their high performance outside of the laboratory and in the field, where it matters. For example, the actual yield of our modules in an installation in Fustiñana, north of Spain, proved to be 22% higher than projected.
Photon Solar Module Yield Measurement Test
Trina Solar has stood among the world's top performers for threetwo years in a row now.
In the latest Photon Test, Trina Solar's panels were ranked one of the best performers among a strong selection of products from international manufacturers. Commitment to our customers drives us to continuously improve our products, and the results speak for themselves. 
| Average volume | 2.69m |
| Shares outstanding | 79.49m |
| Free float | 78.70m |
| P/E (TTM) | 3.60 |
| Market cap | 644.66m USD |
| EPS (TTM) | 2.26 USD |
TSL- FINANCIALS (INCOME STATEMENT) In millions of USD (except for per share items) | Fiscal Year Ending Dec 31 2010 | 2010 | 2009 | 2008 |
| REVENUE AND GROSS PROFIT |
| Total revenue | 1,858 | 845 | 832 |
| OPERATING EXPENSES |
| Cost of revenue total | 1,273 | 608 | 667 |
| Selling, general and admin. expenses, total | 148 | 96 | 61 |
| Depreciation/amortization | -- | -- | -- |
| Unusual expense(income) | -- | -- | -- |
| Other operating expenses, total | -- | -- | -- |
| Total operating expense | 1,440 | 710 | 732 |
| Operating income | 417 | 135 | 100 |
| Other, net | 0.22 | 2.61 | (0.16) |
| INCOME TAXES, MINORITY INTEREST AND EXTRA ITEMS |
| Net income before taxes | 360 | 121 | 65 |
| Provision for income taxes | 48 | 25 | 4.61 |
| Net income after taxes | 311 | 96 | 61 |
| Minority interest | -- | -- | -- |
| Net income before extra. Items | 311 | 96 | 61 |
| Total extraordinary items | -- | -- | -- |
| Net income | 311 | 96 | 61 |
| Inc.avail. to common excl. extra. Items | 311 | 96 | 61 |
| Inc.avail. to common incl. extra. Items | 311 | 96 | 61 |
| EPS RECONCILIATION |
| Basic/primary weighted average shares | 3,403 | 2,724 | 2,501 |
| Basic/primary eps excl. extra items | 0.09 | 0.04 | 0.02 |
| Basic/primary eps incl. extra items | 0.09 | 0.04 | 0.02 |
| Dilution adjustment | 9.42 | 9.43 | 4.00 |
| Diluted weighted average shares | 3,834 | 3,132 | 2,691 |
| Diluted eps excl. extra items | 0.08 | 0.03 | 0.02 |
| Diluted eps incl. extra items | 0.08 | 0.03 | 0.02 |
| COMMON STOCK DIVIDENDS |
| DPS - common stock primary issue | 0 | 0 | 0 |
| Gross dividend - common stock | 0 | 0 | 0 |
| PRO FORMA INCOME |
| Pro forma net income | -- | -- | -- |
| Interest expense, supplemental | 34 | 27 | 25 |
| SUPPLEMENTAL INCOME |
| Depreciation, supplemental | 52 | 34 | 20 |
| Total special items | -- | -- | -- |
| NORMALIZED INCOME |
| Normalized income before taxes | 360 | 121 | 65 |
| Effect of special items on income taxes | -- | -- | -- |
| Income tax excluding impact of special items | 48 | 25 | 4.61 |
| Normalized income after tax | 311 | 96 | 61 |
| Normalized income avail. to common | 311 | 96 | 61 |
| Basic normalized EPS | 0.09 | 0.04 | 0.02 |
| Diluted normalized EPS | 0.08 | 0.03 | 0.02 |
In millions of USD (except for per share items) | Fiscal Year Ending Dec 31 2010 | 2010 | 2009 | 2008 |
| ASSETS |
| Cash And Short Term Investments | 753 | 410 | 132 |
| Total Recivables, Net | 377 | 288 | 105 |
| Total Inventory | 79 | 81 | 86 |
| Prepaid expenses | 122 | 69 | 50 |
| Other current assets, total | 83 | 79 | 47 |
| Total current assets | 1,415 | 928 | 420 |
| Property, plant & equipment, net | 571 | 477 | 358 |
| Goodwill, net | -- | -- | -- |
| Intangibles, net | 37 | 27 | 27 |
| Long term investments | -- | -- | -- |
| Note receivable - long term | -- | -- | -- |
| Other long term assets | 94 | 107 | 133 |
| Total assets | 2,132 | 1,549 | 940 |
| LIABILITIES |
| Accounts payable | 189 | 187 | 63 |
| Accrued expenses | 82 | 49 | 21 |
| Notes payable/short-term debt | 0 | 0 | 0 |
| Current portion long-term debt/capital leases | 295 | 267 | 249 |
| Other current liabilities, total | 34 | 13 | 3.65 |
| Total current liabilities | 600 | 515 | 336 |
| Total long term debt | 300 | 316 | 144 |
| Total debt | 595 | 583 | 393 |
| Deferred income tax | -- | -- | -- |
| Minority interest | -- | -- | -- |
| Other liabilities, total | 58 | 38 | 23 |
| Total liabilities | 958 | 869 | 504 |
| SHAREHOLDERS EQUITY |
| Common stock | 0.04 | 0.03 | 0.03 |
| Additional paid-in capital | 643 | 460 | 313 |
| Retained earnings (accumulated deficit) | 520 | 208 | 112 |
| Treasury stock - common | -- | -- | -- |
| Unrealized gain (loss) | -- | -- | -- |
| Other equity, total | 11 | 11 | 11 |
| Total equity | 1,174 | 679 | 437 |
| Total liabilities & shareholders' equity | 2,132 | 1,549 | 940 |
| Total common shares outstanding | 3,964 | 3,487 | 2,958 |
| Treasury shares - common primary issue | 0 | 0 | 0 |
2011 Press Releases
SEC Filings
| Filing Date | Form | Description | Filing Group | Downloads |
| 22.11.11 | SC 13G/A | An amendment to the SC 13G filing | Other |  |  |  |  |
| 22.11.11 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | | | | |
| 17.11.11 | SC 13G | A statement of beneficial ownership of common stock by certain persons | Other | | | | |
| 10.11.11 | SC 13G | A statement of beneficial ownership of common stock by certain persons | Other | | | | |
| 08.11.11 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | | | | |
| 28.10.11 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | | | | |
| 13.10.11 | 3 | Initial filing by director officer or owner of more than ten percent. | 3,4,5 | | | | |
| 14.09.11 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | | | | |
| 24.08.11 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | | | | |
| 23.08.11 | SC 13G | A statement of beneficial ownership of common stock by certain persons | Other | | | | |
Milestones
1997
Trina Solar founded.
2000
Developed China's first BIPV-integrated structure.
2002
Installed 39 PV power stations in Tibet.
2004
Participated in the development of China's first Renewable Energy Law.
2005
Established the company's first mono-crystalline ingot manufacturing facility.
2006
Trina Solar's Initial Public Offering - Listed on the New York Stock Exchange (NYSE: TSL).
2007
Named "Fastest-Growing Company" in Deloitte Technology Fast 50 China 2007.
Completed vertical integration after launching cell manufacturing facility.
2008
Completed North America's largest single rooftop, in Atlantic City.
Signed partnership with Lisa Airplanes to provide PV cells for the first plane to fly around the world using only renewable technology.
Ranked in the top 3 in TUV energy rating tests.
2009
Completed the world's largest rooftop in Italy.
Reached 600MW production capacity.
Recorded an excellent performance at an independent test in Alice Spring, Australia, Trina Solar panels performed better than similarly priced competitors.
2010
Trina Solar ranked #69 in Fortune's 2010 ranking of the 100 fastest growing companies.
Installed rooftop solar systems on the Belgium/ EU pavilion at the Shanghai World Expo 2010.
Reached cumulative module shipments of over 1GW.
Initiated sponsorship of the Renault F1 team.
Panel Ranked in the top 3 in the 2010 Photon solar Module Test.
2011
Ranked 2nd for environmental responsibility in solar manufacturing by Silicon Valley Toxics Coalition.
Opened an Australia Sales & Business Development Office.
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