Neo Solar Power Corporation (“NSP”, or “the Company”, publicly listed on Taiwan Stock Exchange, Ticker: 3576 TT), a world-class leading integrated PV solution provider with expertise in high conversion efficiency products and global solar system development capabilities in Hsinchu, Taiwan, announced November 2017 revenue of NT$ 1,110 million, representing an MoM decrease of 12.71% and a YoY increase of 23.62%.
The decrease of NSP’s Nvember revenue was resulted from decreased shipment in November. Year-to-date cumulative revenues reached NT$ 9,231 million as of November 30th, 2017, a 40.10% decrease in YoY terms as opposed to 15,410 million of year 2016.
Although the shipment for demand in fourth quarter has been slow down due to weather and Thanksgiving & Christmas holidays, the demand for Taiwan domestic market remained strong. November shipment volume even set a historical high for single month record. Look into the future, the overall domestic demand is expected to grow continuously. NSP will continue proceed to develop & construct downstream solar system projects to improve the company performance and help Taiwan government to expedite installation of renewable energy in the meantime.
|NSP Consolidated Revenue Report (Unit:NT Million)|
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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