Solarfun Power Holdings Co., Ltd.

(NASDAQ:SOLF)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Dec 31, 2007	Sep 30, 2007
Assets
Current Assets
Cash & Equivalents	75,317	81,315	37,415	46,104
Restricted Cash	57,535	70,887	5,792	4,560
Marketable Securities	—	—	—	—
Accounts Receivable	51,248	64,465	59,043	91,009
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	51,248	64,465	59,043	91,009
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	110,714	120,042	—	69,794
Inventories Adjustments and Allowances	—	—	—	—
Inventories	110,714	120,042	99,866	69,794
Prepaid Expenses	—	—	—	—
Current Deferred Income Taxes	2,781	2,103	415	696
Other Current Assets	242,980	202,584	117,889	98,753
Total Current Assets	540,575	541,396	320,420	310,916
Land and Improvements	—	—	—	—
Building and Improvements	—	—	—	—
Machinery Furniture and Equipment	—	—	—	—
Construction in Progress	—	—	—	—
Other Fixed Assets	195,954	170,031	—	71,115
Total Fixed Assets	195,954	170,031	—	71,115
Gross Fixed Assets	195,954	170,031	96,357	71,115
Accumulated Depreciation and Depletion	4,659	4,659	—	930
Net Fixed Assets	191,295	165,372	96,357	70,185
Intangibles	24,939	13,605	12,925	21,532
Cost in Excess	19,843	—	—	—
Non Current Deferred Income Taxes	1,354	738	653	—
Other Non Current Assets	32,117	28,447	28,822	40
Total Non Current Assets	269,548	208,162	138,757	91,757
Total Assets	810,123	749,558	459,177	402,673
Liabilities
Current Liabilities
Accounts Payable	26,064	24,900	19,426	19,539
Notes Payable	457	689	—	667
Short Term Debt	151,177	159,809	134,346	102,616
Accrued Expenses	45,101	20,471	18,562	9,547
Accrued Liabilities	—	—	—	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	169	—	—
Other Current Liabilities	7,578	12,671	16,501	13,853
Total Current Liabilities	230,377	218,709	188,835	146,222
Non Current Liabilities
Long Term Debt	199,364	199,471	—	934
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	4,127	1,304	1,239	5,156
Other Non Current Liabilities	1,993	2,483	—	—
Minority Interest Liabilities	1,911	25,529	13,766	13,412
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	437,772	447,496	203,840	165,724
Total Liabilities	207,395	228,787	15,005	19,502
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	372,351	302,062	255,337	236,948
Common Par	32	28	27	26
Additional Paid in Capital	313,572	237,421	219,594	211,546
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	49,977	56,269	30,569	21,599
Treasury Stock	—	—	—	—
Other Equity Adjustments	8,770	8,344	5,147	3,778
Total Capitalization	571,715	501,533	255,337	237,882
Cash Flow	31,009	45,490	—	14,862
Working Capital	310,198	322,687	131,585	164,694
Free Cash Flow	—	—	—	—
Invested Capital	571,715	501,533	255,337	237,882
Total Equity	372,351	302,062	255,337	236,948
Total Liabilities and Stock Equity	810,123	749,558	459,177	402,672

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005
Assets
Current Assets
Cash & Equivalents	37,415	145,794	892
Restricted Cash	5,792	4,334	2,812
Marketable Securities	—	—	—
Accounts Receivable	59,043	18,943	—
Loans Receivable	—	—	—
Other Receivable	25,374	9,150	—
Receivables	84,417	28,093	—
Raw Materials	40,997	37,812	8,220
Work in Progress	32,557	7,294	726
Purchased Components	—	—	—
Finished Goods	26,312	2,626	773
Other Inventories	—	—	—
Inventories Adjustments and Allowances	—	—	—
Inventories	99,866	47,732	9,719
Prepaid Expenses	4,028	621	—
Current Deferred Income Taxes	415	436	12
Other Current Assets	87,878	30,520	10,377
Total Current Assets	319,811	257,530	23,812
Land and Improvements	—	—	—
Building and Improvements	11,932	4,858	2,023
Machinery Furniture and Equipment	56,340	11,871	4,874
Construction in Progress	32,664	10,758	179
Other Fixed Assets	80	25	—
Total Fixed Assets	101,016	27,512	7,076
Gross Fixed Assets	101,016	27,512	7,076
Accumulated Depreciation and Depletion	4,659	930	99
Net Fixed Assets	96,357	26,582	6,977
Intangibles	12,925	1,653	—
Cost in Excess	—	—	—
Non Current Deferred Income Taxes	653	—	—
Other Non Current Assets	29,431	38	—
Total Non Current Assets	139,366	28,273	6,977
Total Assets	459,177	285,803	30,789
Liabilities
Current Liabilities
Accounts Payable	19,426	6,593	2,378
Notes Payable	—	1,796	2,530
Short Term Debt	134,346	50,730	2,530
Accrued Expenses	1,308	4,308	2,900
Accrued Liabilities	9,825	—	—
Deferred Revenues	—	—	—
Current Deferred Income Tax Liabilities	—	—	—
Other Current Liabilities	23,930	4,110	11,131
Total Current Liabilities	188,835	67,537	21,469
Non Current Liabilities
Long Term Debt	—	1,922	—
Capital Lease Obligations	—	—	—
Deferred Income Tax Liabilities	1,239	—	—
Other Non Current Liabilities	—	—	—
Minority Interest Liabilities	13,766	1,301	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—
Preferred Equity Outside Stock Equity	—	—	—
Total Non Current Liabilities	203,840	70,760	21,469
Total Liabilities	15,005	3,223	—
Shareholders' Equity
Preferred Stock Equity	—	—	—
Common Stock Equity	255,337	215,043	9,320
Common Par	27	25	11
Additional Paid in Capital	219,594	200,604	7,563
Cumulative Translation Adjustment	—	—	—
Retained Earnings	30,569	12,361	1,557
Treasury Stock	—	—	—
Other Equity Adjustments	5,147	2,053	189
Total Capitalization	255,337	216,965	9,320
Cash Flow	24,089	14,413	1,922
Working Capital	130,976	189,993	2,343
Free Cash Flow	-212,230	-91,481	-14,428
Invested Capital	255,337	216,965	9,320
Total Equity	255,337	215,043	9,320
Total Liabilities and Stock Equity	459,177	285,803	30,789