Neo Solar Power Corporation (“NSP”, or “the Company”, publicly listed on Taiwan Stock Exchange, Ticker: 3576 TT), a world-class leading integrated PV solution provider with expertise in high conversion efficiency products and global solar system development capabilities in Hsinchu, Taiwan, announced February 2018 revenue of NT$ 610 million, representing an MoM decrease of 26.74%.

The decrease of NSP’s February revenue as compared with last month was resulted from the impact of Chinese New Year Holidays, 228 National Holidays, fewer working days in February, and the declining product ASP in recent time. The Year-to-Date cumulative revenues reached NT$ 1,442 million as of February 2018, a 3.92% decrease in YoY terms as opposed to 1,501 million of year 2017.

Look into the future, some market research agencies predicted that the product ASP will eventually stabilize and the market demand will gradually emerge because the warmer season is coming and more favorable for solar system project construction. Especially those demands from China, Europe, and Americas will increase starting from the later March.