Question-and-Answer Session
Operator
Thank you. (Operator Instructions). Our first question comes from Rob Stone, please proceed.
Rob Stone - Cowen and Company
Hi guys, I wonder if you could provide a little bit more detail on the very significant jump in operating expenses, is there anything in there one-time or should we expect expenses to remain at this level going forward and in that regard have you started any expenses related to the polysilicon project?
Sean Shao
Rob, I think the main reason for the increase of OpEx is related to, I think, the G&A, so the G&A, I think, increased and mainly it was due to the salaries and benefits. And I think as we get close to the end of the year, we have more visibility in respect of the results performance of the company. So, accordingly we accrued a portion of the bonus. So, I think that was the main reason for the increase of the G&A.
Rob Stone - Cowen and Company
So, does that mean that operating expenses should stay at this level in the fourth quarter? In connection with that in the past, Trina has mentioned and then reiterated goals for revenue in net income for 2007. I noticed that you did not have any mention of those goals in the press release, so any comment on targets for the year?
Sean Shao
I think the targets for the year, I think are based upon last year 2006, I think the OpEx was at 11% as a percentage of the revenue. And I think this year, I think for 2007 as a percentage of revenue will go down to the extent we can see I think that's some 8% to 9% as a percentage of revenue OpEx as a whole. So the main part of the OpEx again is the G&A. Last year, I think, 2006 level was approximately 8%. I think this year will also go down to 5% to 6%, as far as I can see.
Rob Stone - Cowen and Company
Let me just reiterate the question, I think I probably confused you by putting two things together. In the past, for example in Q2, Trina cited a particular goal for revenue and net income for full year 2007. I noticed that was not mentioned in the press release this time or in your prepared remarks. So, do you have any comments on your expected range of revenue and net income for 2007, now that there is just one quarter left to go?
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