Neo Solar Power Corporation (3576 TT) (“NSP”, or “the Company”), a world-class leading producer of high quality solar cells in Hsinchu, Taiwan, today announced that October revenue reached NT$ 2,057 million, the second straight month of growth with a MoM growth rate of 4.76%.
Given the continuing rising market demand, revenues continue to grow as a result of the increase of shipments. Year-to-Date cumulative revenues reached NT$ 22,608 million as of October 2014, a +47.25% jump in YoY terms. The market is currently recovering from the shadow of anti-dumping probes, and China government has launched new policies to boost the installation of solar system in the country. The company’s utilization rate is therefore expected to be enhanced.
NSP continuously devotes to R&D and develops new products by means of its strong semiconductor industry experience and vast solar device physics expertise, which will help NSP to maintain the long-term leadership in product efficiency and quality.
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About Neo Solar Power Corporation (3576 TT) (NSP)
Founded in 2005 by Dr. Quincy Lin (former Senior VP of TSMC) and Dr. Sam Hong (former Director of ITRI Research Division), Neo Solar Power Corporation (NSP) is a leading manufacturer of high performance and high quality solar cells and modules. With core competitive advantages in quality, technology and customer service, NSP became the world’s largest merchant solar cell manufacturer by volume in 2013. After selling DelSolar to NSP, Delta Electronics (2308, TT) became the biggest shareholder of NSP with a 19% holding. Leveraging current leading position in solar cell technology, NSP will further expand into the global solar systems businesses, aiming to become the leading solar system integrator in the world. For more information, please visit the company’s website at www.nsp.com
For further information, please contact:
Ms. Shirley Chen
Investor Relations Dept.
Phone: +886-3-578-0011 ext. 20626 Email: email@example.com