China Sunergy Co. Ltd. provided earnings guidance for the second quarter ended June 30, 2012. The company reiterates its solar product shipments in the second quarter of 2012 to be between 145MW and 155MW, and expects its overall gross margin in the second quarter of 2012 to be at breakeven level, compared to previous guidance of mid-single-digit level.

The lowered gross margin was mainly due to Euro depreciation against the US dollars during the period. As a result, the average selling price and revenue recognized for sales dominated in Euro were less than the Company's expectation after translation into US dollars.