Taiwan-based solar wafer maker Green Energy Technology (GET) announced 2012 consolidated revenues of NT$9.836 billion (US$326 million), down by 47.16% on year. In particular, sales of solar wafer accounted for 70.6% of revenues, said the firm.
The firm reported 2012 net loss of NT$3.574 billion, hence the firm decided not to deal out dividends.
According to company chairman Lin Wei-Shan, the solar industry was going through consolidation in 2012 but with superior technology and efficiency, GET remains one of the top firms in the industry. The firm will continue to improve technology, hence the firm decided to keep the cash for the R&D of high-end solar wafer and its processes, added Lin.
The annual capacity of A3+ high-end solar wafer has been expanded to 1.5-2GW, said GET, which is beneficial in lowering production costs. Lin noted that the solar industry is still a young industry with room for growth and the firm has been aggressive to achieve the goal of returning to profitability.
Company CEO Lin Her-Lon stated that currently, the China market seems to be in price competition, but in the long run, only firms with quality products can continue operations in the market.
Lin disclosed that GET solar wafers have an average conversion efficiency of 17.6% with the maximum of 18.2%.
GET reported first-quarter 2013 consolidated revenues of NT$2.679 billion with net loss of NT$645 million.
