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 March 2018 revenue of NT$ 1,072 million, representing an MoM increase of 75.84%.

The increase of NSP’s March revenue as compared with last month with almost 76% growth was mainly resulted from the increased shipment in Taiwan market. The Year-to-Date cumulative revenues reached NT$ 2,514 million as of March 2018, a 16.32% increase in YoY terms as opposed to 2,162 million of year 2017.

Currently the downward pressure of market price seems to be eased gradually. The demand of Taiwan market is stable and the demand from new solar system project in China and some EU countries have been released successively. The whole demand of solar market is expected to gradually bottom out.