Neo Solar Power Corporation announced July 2018 revenue of NT$607 million, representing an MoM decrease of 42.54% and a YoY decline of 9.33%.
The decrease of NSP’s July revenue was mainly resulted from the deferred shipment of solar module sector. The Year-to-Date cumulative revenues reached NT$ 5,967 million as of July 2018, a 18.14% increase in YoY terms as opposed to 5,051 million of year 2017.
The 3 in 1 merger between NSP, Gintech Energy Corporation and Solartech Energy Corp has been acquired the all the approval from the Taiwanese Authorities and the merger record date, October 1 2018 has been approved by the Board Meeting held on August 3 2018.
NSP’s main businesses are transforming from a pure solar cell manufacturer to a full range solar solution provider and the comprehensive business encompasses the manufacture and sale of solar module, solar system development and construction, solar project operation, maintenance and management. Look into the future, we might gradually get rid of the OEM role in solar industry and therefore it can be expected that the operation impact resulted from oversupply would decrease due to the effect of vertical integration and business transformation.