CSG A published its 2011 annual report on March 27, 2012. In 2011, the oprating revenue of the company hit a new recorcd to RMB8.271 billion, up 6.8% YoY; its net profit drooped by 19.03% YoY to RMB1.178 billion.

The capital expenditure in 2012 is expected to be RMB2.092 billion, which is scheduled to invest in R & D, Xianning CSG Project and Yichang Polysilicon Transformation Project. When these projects finish, the comprehensive supporting capacity of polysilicon solar industrial chain will be increased to 1GW from less than 300MW, the output capacity of TCO glass will be expanded to 4.5 million sq.m. from 460,000 sq.m and that of energy-saving LOW-E glass will climb to over 24 million sq.m. from 12 million sq.m.

These projects will be put into operation in 2012 and 2013, coupled with the bottoming out of glass price expectations, and it is expected to have a greater pull to the company's performance in 2012.

Major Products’ Capacities of CSG, 2007-2013

Source: Annual Report of CSG, ResearchInChina

Source:ResearchInChina