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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 March 2017 revenue of NT$ 661 million, representing a MoM dncrease of 10.02%.
The decrease of NSP’s March revenue was mainly due to gradually decreased negative-margin multicrystalline manufacturing capacity resulted from company transformation. Year-to-Date cumulative revenues reached NT$ 2,162 million as of March 2017, a -63.37% decrease in YoY terms as compared with 5,904 million of year 2016.
NSP will continue to increase more advanced & higher-margin monocrystalline passivated emitter rear contact (PERC) manufacturing capacity to differentiate the market and remove irrational price competition of multicrystalline solar cells. Following the new added 200 MW Taiwan solar module capacity and the expansion of global solar system project construction, the overall transformation benefit for NSP group shall be revealed from mid-term to long-term perspective.
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Address: No. 7, Lixing 3rd Road, East District, Hsinchu Science Park, Hsinchu City, Taiwan
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