Canadian Solar Q2 sales exceeded 5.2 billion and total PV module shipments were 1,290 MW

On August 18, 2016, Canadian Solar Inc.
(NASDAQ: CSIQ) ("Canadian Solar") announced its financial results
for the second quarter ended June 30, 2016.

According to the financial report, in the second quarter of 2016, Canadian Solar achieved sales revenue of US$805.
9 million (approximately RMB 5.
28 billion), an increase of 11.
7% from the sales revenue of US$721.
4 million (approximately RMB 4.
704 billion) in the first quarter, and sales revenue of US$636.
7 million (approximately RMB 3.
902 billion) in the second quarter of 2015, an increase of 26.
6%.

Canadian Solar module shipments totaled 1,290 MW in the second quarter, compared to 1,172 MW of confirmed sales in the first quarter and 809 MW
in the second quarter of 2015.
Of the shipments sold in the quarter, 18.
7 MW were used in the company's systems and total solutions business; The figure was 24.
8 MW in the first quarter of 2016 and 90 MW
in the second quarter of 2015.