NSP Announced January Revenue of NT$1,508 million

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 January revenue of NT$ 1,508 million. The decrease of revenue is mainly due to the decrease of NT$800 million one-off income from selling solar farm last December and selective orders intake in January because of the declined ASP.

Owing to the Anti-Dumping & Anti-Countervailing trade dispute between the United States, China and Taiwan, the ASP for solar cells is still under adjusting. However, the China government recently restated their 2015 annual solar system installation target to be 15GW. In this regard, it is generally expected that China domestic demand would recover at the end of this quarter and the global ASP and shipment of solar cells would be able to rise again simultaneously.

Following worldwide governments’ encouraging policy of renewable energy, NSP will aggressively develop new orders from emerging markets, continue devoting to Research & Development to maintain NSP’s leadership in technology and invest more financial as well as human resources in developing solar projects worldwide with NSP’s subsidiary, GES. These are believed to drive long term growth and profitability for NSP Group.