Canadian Solar Inc. (NASDAQ:CSIQ) Q2 2019 Earnings Conference Call - Final Transcript

Aug 15, 2019 • 08:00 am ET


Canadian Solar Inc. (NASDAQ:CSIQ) Q2 2019 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by. Welcome to the Canadian Solar Second Quarter 2019 Earnings Conference Call. My name is Leslie and I will be your operator for today. [Operator Instructions]

I will now like to turn the call over to Ed Job, Managing Director of Canadian Solar's IR Department. Please go ahead, sir.

Ed Job

Thank you, operator, and welcome all to Canadian Solar's second quarter 2019 earnings conference call. On a personal note, I had a great and productive time working with the entire Canadian Solar team in my previous stint coordinating our investor relations program. And after a restful sabbatical, I'm happy to be back and I look forward to working with all of you.

Joining us today on the call are Dr. Shawn Qu, Chairman and Chief Executive Officer; Yan Zhuang, our Acting Chief Executive Officer; and Dr. Huifeng Chang, Senior Vice President and Chief Financial Officer.

On this call, Shawn will provide a brief introduction followed by Yan who will review the execution of our business strategy and Huifeng, who will go over our financial results. We will then open the call to your questions.

Before we begin, may I remind our listeners that management's prepared remarks today as well as their answer to your questions will contain forward-looking statements which are subject to risks and uncertainties. Therefore the company claims the protection of the safe harbor for forward-looking statements that is contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from management's current expectations. Any projection of the company's future performance represents management's estimates as of today.

Canadian Solar assumes no obligation to update these projections in the future unless otherwise required by applicable law. A more detailed discussion of risks and uncertainties can be found in the company's annual report on Form-20F filed with the Securities and Exchange Commission. Management's prepared remarks will be presented within the requirement of SEC regulation G regarding generally accepted accounting principles or GAAP.

Some financial information presented during the call will be provided on both GAAP and non-GAAP basis. By disclosing certain non-GAAP information, management intends to provide investors with additional information to allow further analysis of the company's performance in the underlying trend.

Management uses non-GAAP measures to better assess operating performance and establish operational goals. Non-GAAP information should not be viewed by investors as a substitute for prepared, well, for data prepared in accordance to GAAP.

At this time, I would like to turn the call over to Canadian Solar's Chairman and CEO, Dr. Shawn Qu. Shawn, please go ahead.

Shawn Qu

Thanks, and welcome, everyone. I'm excited joining today's earnings call. Before Yan and Huifeng speak to you about our strong Q2 results. I have a few personal words to share. Since my accident endured in May the outreach to me and my family from all corners of the world within, I would say, the solar industry have been comforting and encouraging.

Thank you so much for your kind prayers and thoughtful