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 December 2016 revenue of NT$ 1,166 million, representing a MoM increase of 29.81%.

The increase of NSP’s December revenue was mainly due to increased solar module shipment. 2016 Year-to-Date cumulative revenues reached NT$ 16,576 million, a -25.38% decrease in YoY terms as compared with 22,215 million of year 2015.

Looking ahead, there will be solar farm installation rush in China again this year due to grid connection by June 30th, 2017 can still enjoy 2016 subsidies rate. However, according to many market research agencies, the installation rush this year will not be as strong as last year. The solar industry will only show mild cyclical rebound in the first quarter of 2017.