NSP Announced 2016 January Revenue of NT$2,093 million with YoY growth of 38.83%

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 in Hsinchu, Taiwan, announced January 2016 revenue of NT$2,093 million representing a MoM decrease of 20.71%, and a YoY growth of 38.83%.

Current market demand is strong, and should stay strong onwards, and the orders for solar cells are still fully booked. However, due to adjustment of module production lines, the module shipment for this month is less than that in the last month, which resulted in the decrease of sales in January. Nevertheless, as comparing with same month last year, the revenue is still with 38.83% YoY growth.

Following the robust market demand, the company is still running at full capacity. The order visibility is foreseen. Besides, under aggressive support of each country’s government towards renewable energy worldwide, the company is also continuing developing new customers from emerging markets, and the future growth momentum is expected.