NSP Announced 2016 February Revenue of NT$1,735 million with YoY growth of 18.30%

Neo Solar Power Corporation (“NSP”, or “the Company”, publicly listed on Taiwan Stock Exchange, Ticker: 3576 TT), a world-class leading producer of high quality solar cells and Modules in Hsinchu, Taiwan, announced February 2016 revenue of NT$1,735 million, representing a MoM decrease of 17.10% due to Chinese New Year Holidays and fewer working days in February, but still representing a YoY growth of 18.30% as compared with same month last year.

NSP production line kept fully utilized since November last year. However, affected by Chinese New Year Holidays, long 228 holiday weekends and with fewer working days in February, NSP revenue decreased as compared with last month but still with 18.30% YoY growth. Year-to-Date cumulative revenues reached NT$ 3,828 million as of February 2016, a +28.70% jump in YoY terms.

Current market demand is steady, and the order visibility is foreseen. Various research institutions still forecast a two-digit growth of global installations this year. Besides, renewable energy is under aggressive support of each country’s government worldwide. The growth momentum of revenue and shipment is expected for the company.