Revenue at solar module developer Hanwha Q Cells slipped 10% in 2017 to just under $2.18bn from almost $2.43bn in the previous year.
The fall came despite an 18.7% increase in module shipments to 5438MW, compared with 4583MW in 2016.
Hanwha said it was negatively affected by the recognition of a one-time loss associated with the discontinuation of its wafer manufacturing operations and bad debt expenses.
In the first quarter of 2018, the company expects revenue in the range of $430m to $450m.
Total module shipments this year are projected to be between 6GW and 6.2GW, the company added.
Image: Hanwha Q Cells
Revenue slides at Hanwha
By EBS