Following the release of quarterly results, Solarfun Power Holdings Co. Ltd. (SOLF) is dropping during Wednesday's pre-market trading.
At 8:03 am ET the stock is trading at $17.70 down $1.19 from Tuesday's close.
With the decline, the stock stands to open below recent support and at its lowest level in a week.
The company reported net income of RMB 78.1 million for the second quarter, compared to RMB 20.2 million in the second quarter of 2007.
Earnings per share for the quarter rose to RMB 0.31 from RMB 0.08 in the same period prior year.
Earnings per ADS totaled US$0.23 for the quarter.
Quarterly net revenue was RMB 1.35 billion, up from RMB 462.7 million in the year ago period.
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