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 April 2018 revenue of NT$ 823 million, representing an MoM decrease of 23.23% and a YoY growth of 69.83%.

The decrease of NSP’s April revenue was mainly resulted from the decreased shipment. The other reason was due to delayed construction schedule of customer’s solar system project. The Year-to-Date cumulative revenues reached NT$ 3,338 million as of April 2018, a 26.08% increase in YoY terms as opposed to 2,647 million of year 2017.

Currently, the interest of product price enquiry and momentum of order shipment seemed to be gradually warmed-up, especially for Taiwan market. It is believed that the ASP could be stabilized following by the inventory digestion of the whole solar supply chain.