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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 producer of high quality solar cells in Hsinchu, Taiwan, today announced September 2015 revenue of NT$1,893 million, which is slightly down as compared with last month’s revenue. The reason was mainly due to the decrease of one-off income from selling solar farm in August. However, revenue for cell shipment has set new annual high record for 2015.
Besides, the original solar installation target for China domestic was 17.8GW in 2015, but China Energy bureau has recently increased 30%(5.3GW) of such target and further push annual solar system installation capacity to 23.1GW. In addition, the newly installed solar systems can still enjoy 2015 government subsidy if they become commercial operation by June, 30th, 2016. Hence the industry expects demand for the fourth quarter will continue to rise. The outlook is optimistic.
NSP will continue to develop new orders from emerging markets, devote to R&D to maintain NSP’s leadership, and will also invest more financial and human resources to escalate downstream solar PV system projects development. There will also be some additional income from selling GES(6466) solar farms in fourth quarter. It is believed that these can contribute positive revenue and profit for NSP in the coming months.
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