Chinese solar panel manufacturer LDK Solar (LDK.NYSE, LD41.FRA) on Thursday reported a loss of US$517 million (RMB3.1 billion) and lower revenue for its fourth quarter as its business was hit by slumping demand, The Wall Street Journal reported. The report came just two days after the company defaulted on a bond payment due to a “temporary cash flow shortage,” though it has since reached a settlement with bondholders to begin a repayment plan. Despite a continued slump in demand in the global solar market, LDK said it would focus on the US and emerging solar markets in BRIC countries.