Wednesday, January 2, 2008

LDK Solar Announces Financial Outlook for 2008 and Preliminary Business Outlook for 2009

XINYU CITY, China and SUNNYVALE, Calif., Jan 02, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, today announced its financial outlook for 2008 and preliminary business outlook for 2009.
The following statements are based upon management's current expectations. These statements are forward-looking, and actual results may differ materially. The Company undertakes no obligation to update these statements. The estimates do not include the potential impact of any mergers, acquisitions, divestitures or other business combinations that may incur.

2008 Financial Outlook:

* Revenue: Between $960 million and $1 billion.
* Wafer shipments: Between 510 MW to 530 MW
* Polysilicon production: 100 metric tons to 350 metric tons
* Gross margin: Between 26% to 31%

2009 Preliminary Business Outlook:

* Wafer shipments: 1,050 MW to 1,150 MW
* Polysilicon Production: 5,000 metric tons to 7,000 metric tons
* Gross margin: Between 42% to 50%

About LDK Solar

LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, the company provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi province in the People's Republic of China. The company's office in the United States is located in Sunnyvale, California.

Safe Harbor Statement

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although LDK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risk and uncertainties that could cause actual results to differ materially from those projected.

SOURCE LDK Solar Co., Ltd.

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