Taiwan-based solar cell maker Neo Solar Power (NSP) has reported sales in the third quarter reached NT$2.962 billion (US$101 million), with gross margin of negative 10.86%. According to the firm, due to falling average selling price (ASP), the firm has been selective in choosing orders. Net loss in the third quarter was NT$567 million.
The firm also reported net sales for the first three quarters of 2012 were NT$10.017 billion and net loss was NT$2.746 billion. In the third quarter, said NSP, debt ratio was 41% due to solid financial structure of the firm.
NSP noted that due to oversupply in the market and inventory clear-out by China-based solar firms, the ASP of solar products has been falling.
| NSP: Revenues, 2Q11 - 2Q12 (NT$m) | |||||
| Quarter | Sales | Q/Q | Y/Y | YTD | Y/Y |
| 2Q-12 | 3,964 | 27.90% | -22.60% | 7,063 | -43% |
| 1Q-12 | 3,100 | 2.40% | -57.30% | 3,100 | -57.30% |
| 4Q-11 | 3,026 | -41.50% | -55.40% | 20,577 | 2.10% |
| 3Q-11 | 5,170 | 0.90% | -12.10% | 17,551 | 31.30% |
| 2Q-11 | 5,122 | -29.40% | 14.50% | 12,380 | 65.40% |
*Figures are not consolidated
Source:
http://www.digitimes.com/news/a20121029VL200.html
