Oct 2016 sales decline for Taiwan’s top 3 PV cell makers

Taiwan’s top three photovoltaic (PV) cell makers -- Motech Industries Inc (TPO:6244), Neo Solar Power Corp (TPE:3576) and Gintech Energy Corp (TPE:3514), all booked lower October revenues in 2016 as compared to the same month of 2015.

Revenues still climbed on month-on-month basis. Neo Solar explained the sequential improvement with recovering average selling prices (ASP) and demand for its products, coupled with higher utilisation rates of its cell production lines.

Details on the October performance of the three companies are available in the table:

In terms of 10-month accumulated sales, only Motech saw its revenue increase and its revenues surpassed by far the results of its peers.

Neo Solar said in a press statement that it has completed its capacity relocation outside Taiwan.

(TWD 10 = USD 0.315/EUR 0.293)

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