TAIWAN ROUND UP: NSP, GET, SAS, Motech, Gintech, Solartech and E-Ton sales slide in July

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Merchant solar cell maker Gintech Energy also reported a large 40.93% drop in sales in July.

Taiwan-based solar cell and wafer producers are being impacted by slowing demand from China and unfolding overcapacity that has resulted in ASP declines hitting monthly revenue figures since June. 

Neo Solar Power

Major solar cell producer Neo Solar Power (NSP) reported July revenue of NT$1,308 million (US$41.78 million), down from NT$1,257 million in June 2016. The 26.11% decline seen in June from May was primarily due to decreased shipment volume as the company started relocating cell and module production equipment to a new facility in Vietnam. 

The company had noted that ASP declines continued and strong demand would not return until the fourth quarter of 2016, while the ramp of relocated equipment would start near the end of the third quarter. 

Motech Industries

Major Taiwanese PV manufacturer Motech Industries has reported second quarter 2016 revenue of NT$8.844 billion (US$282.5 million). Sales in June were NT$2,825 million (US$90.2 million), a 4.81% decline from the previous month and the third consecutive month of declines. Motech reported second quarter gross margin of 9.69%.

The company also reported a sales decline in July of 30.75% from the previous month on revenue of NT$1.956 billion (US$62.4 million).

Gintech Energy

Merchant solar cell maker Gintech Energy also reported a large 40.93% drop in sales in July. The company had July revenue of NT$847 million (US$27 million), compared to NT$1,434 million (US$45.8 million) in the previous month.

Solartech Energy

Merchant solar cell producer Solartech Energy Corp has reported July sales down 34.8% to NT$664 million (US$21.2 million), compared to around US$32 million in the previous quarter. The declines were driven by weak demand from China-based module producers and lower ASPs of more than 10% in the last few months.

Green Energy Technology

Multicrystalline wafer producer Green Energy Technology (GET) reported a 5.1% decline in sales in July. Revenue was NT$1,208 million (US$38.6 million), compared to NT$1,273 million in the previous month.

The company noted it would further increase wafer product efficiency and reduce costs to combat falling ASPs.

Sino-American Silicon

Mono and multicrystalline wafer producer Sino-American Silicon Products Inc (SAS) reported only a 4.7% decline in sales in July after sales jumped over 10% in June. SAS reported July revenue of NT$2,635 million (US$84.2 million), compared to NT$2,765 million in June, 2016.

E-Ton Solar

Mono and multicrystalline solar cell producer E-Ton Solar reported July sales of NT$307.2 million (US$9.8 million), down from NT$418.9 million in June, a 26.5% decline.

Read Next

June 2, 2021
Solar cell manufacturer Maxwell Technologies has celebrated a record mass production efficiency for its heterojunction (HJ) solar cell.
June 1, 2021
Renewables investor Magnora AG has said it will increase its investment in perovskite solar specialist Evolar, taking a 40.7% stake in the company.
May 31, 2021
Researchers at the University of Sheffield have found a new way to extend the life of perovskite materials by more than three months, paving the way for new solar cell technologies.
May 10, 2021
LONGi Solar has set a record conversion efficiency of 25.09% for its N-type monocrystalline bifacial TOPCon cell that has been independently verified by the Institute for Solar Energy Research in Hamelin.
PV Tech Premium
April 12, 2021
Mark Osborne details how Solar Module Super League (SMSL) major JinkoSolar is transforming its manufacturing base, moving from an asset-lite model to one more vertically integrated.
March 12, 2021
LONGi Solar is planning to build a new 5GW high-efficiency monocrystalline solar cell plant in Yinchuan, China.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021