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 May 2017 revenue of NT$ 829 million, representing an MoM growth of 71.03%.

The growth of NSP’s May revenue was benefiting from ricing product price due to recovery demand and increased Mono product shipment. Year-to-Date cumulative revenues reached NT$ 3,476 million as of May 31th, 2017, a -62.02% decrease in YoY terms as opposed to 9,153 million of year 2016.

Under business transformation, NSP will continue devoting to R&D of high efficiency solar cell and module to maintain the technology leadership in the industry. Besides, with the completion of new installed 200 MW Taiwan solar module capacity by the end of June and NSP’s superior developing & financing capability in expanding global solar system project scale, the overall transformation benefit for NSP group is expected to be expedited and emerged.