NSP Announced 2017 June Revenue of NT$ 905 million with MoM growth of 9.22%

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 June 2017 revenue of NT$ 905 million, representing an MoM growth of 9.22% and also a new high for this year.

The growth of NSP’s June revenue was mainly due to increasing demand from Europe, the United States, Japan and China. Besides, Suniva’s Section 201 petition to USITC has led to some rush orders as well. In short-term, NSP remained optimistic but cautious. Year-to-Date cumulative revenues reached NT$ 4,382 million as of June 30th, 2017, a 57.90% decrease in YoY terms as opposed to 10,408 million of year 2016.

NSP will continue devoting to R&D of high efficiency solar cell and module to maintain the technology leadership in the industry. NSP has also completed the new installation of 200 MW high efficiency solar module production lines earlier in June, starting to offer solar modules with 10% to 20% higher power generation than conventional ones and providing best solutions for harsh environments, such as anti-typhoon, salt pan, and reservoir applications. In addition to above, NSP Group is aggressively developing solar system project business and the overall transformation benefit is expected to be emerged soon.