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Beijing time Tuesday Evening News, Jaso announced that because of the recession led to a sharp decline in demand for its products, the first quarter of earnings from the year-earlier profit of 155 million yuan, into a loss of 193 million yuan (28.3 million U.S. dollars, 18 cents per share). Quarterly revenue fell 79% from 1.12 billion yuan a year earlier to 232 million yuan (about $33.9 million). Analysts polled by Thomson Reuters on average expect the company to lose 5 cents per share in the quarter, with a revenue of 108 million dollars. "For Yang Huijin Solar, the first quarter of 2009 was the most challenging season since 2005," said Samuel Yang, chief executive. However, we are actively managing our business to prepare for a possible market recovery in the second half of this year, and we have seen encouraging signs of improvement in key end markets. "The solar energy said that the current" is unlikely to achieve "its previous announcement of the 2009-year revenue target of 830 million dollars.
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