Sinosol AG
Sinosol AG:Group Results 2008/Annual Shareholder Meeting

Sinosol AG / Final Results

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Figures for the fiscal year 2008 

- Record year with 10x increase in turnover
- International share of the turnover increased to more than 40 percent
- Strong growth in all core segments

Frankfurt am Main 02.02.2009 / Sinosol AG (ISIN DE000A0JEQK6), an
international leading photovoltaic systems and solution provider, announces
the key figures for the group for the fiscal year 2008.

From October 01st, 2007 until September 30th, 2008 Sinosol Group has
reached a turnover of 121 Mio. EUR (2007: 12 Mio EUR), this represents a 10
times increase, compared to 2007. 40% of the turnover have been realized in
international markets.

Of the total turnover, the segment Turn-Key Projects represents 50,8 Mio
Euro (2007: 2,0 Mio Euro) and the segment wholesale represents 70,6 Mio
Euro (2007: 9,9 Mio EUR).

Earnings after Interest and Tax (EAT) have increased nearly 4 times
compared to 2007 to 1,63 Mio EUR (2007: 0,43 Mio EUR). Without the one-time
costs of approx. 1,4 Mio EUR for the postponed IPO in June 2008, Sinosol
Group would have achieved a clearly higher result.

Turnover per employee increased from 1,0 Mio EUR in 2007 to 3,4 Mio EUR in
2008. With a weighted average of 6.843.134 shares (total share capital:
6.864.000 shares) Sinosol Group did achieve earnings per share (EPS) of
0,24 Euro, which represents a strong increase compared to 0,07 Euro in
2007.

The annual report with the audited group statement 2008 is being published
today. Shareholders can request a copy of the report directly from Sinosol
AG or on the company website www.sinosol.com in the segment Investor
Relations.

The annual shareholder meeting of Sinosol AG will be held on March 27th,
2009 at 02:00pm in Wilhelm-Leuschner-Str. 79, 60329 Frankfurt am Main.

About Sinosol AG:
Sinosol-Group is an international provider of photovoltaic systems and
solutions (PV-Systems, PV-Modules and PV-components) as well as a project
developer and turn-key solution provider (planning, construction,
operations & maintenance) of solar parks. As a German-Chinese group it
benefits from established networks in both home markets, in sourcing as
well as in sales.
 
The activities of Sinosol-Group are structured into three segments
projects, wholesale and technology. The business unit projects is offering
all services related to development, technical planning, construction,
operations and maintenance, primarily to institutional investors and
utility companies. With its business unit wholesale Sinosol-Group is a
distributor for PV-Systems, especially PV-modules, and is selling to
PV-wholesalers, project developers, purchasing organizations and
installation companies. Through the business unit technology Sinosol Group
is developing and selling special PV mounting technology, like for example
a single and a dual axis tracker system, a free field mounting system and
special roof mounting applications. 

Contact:
Raphael Krause
Member of the Executive Board

Sinosol AG           
Wilhelm-Leuschner-Strasse 79
60329 Frankfurt am Main
 
Phone: +49 69 244 0425 0
Fax:   +49 69 244 0425 15
Email: ir@sinosol.com
Web:   www.sinosol.com


02.02.2009  Financial News transmitted by DGAP
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Language:     English
Issuer:       Sinosol AG
              Friedrichstr. 8
              70174 Stuttgart
              Deutschland
Phone:        +49 711 722 33 900
Fax:          +49 711 722 33 909
E-mail:       info@sinosol.com
Internet:     www.sinosol.com
ISIN:         DE000A0JEQK6
WKN:          A0JEQK
Listed:       Regulierter Markt in Frankfurt (Prime Standard)
 
Notierung vorgesehen / Designated to be listed
 
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