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 July 2016 revenue of NT$1,308 million, representing a MoM increase of 4.10%.

The increase of NSP’s July revenue mainly resulted from increased solar module shipment volume. Year-to-Date cumulative revenues reached NT$ 11,718 million as of July 2016, a +3.41% growth in YoY terms as compared with 11,331 million last year.

Suffering from declined ASP, the current solar market and customer demand are still conservative. The outlook of the second half of this year still depends on Supply/ Demand balance. In general, the market expects demand can gradually gain its momentum back in fourth quarter. In addition, the in-progress NSP relocation capacity will join production by the end of third quarter and therefore it can contribute to the shipment volume and sales revenue.