Taiwan Solar results

odyd12

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Tuesday, March 5th 2013, 9:32pm

Tainergy, a GCL Taiwanese module partner, reports 32.8% increase in revenues in February over January. 7% shy of the Q4 revenue, without March data. YTD negative 14%. Motech in January had double the revenue of December. Waiting for this one to show further growth. NSP, big partner for cells of ReneSola, 2.3% growth in Feb. Looks flat lined for Q1 to Q4. In Q2 DelSolar and NSP join up making it the largest cell maker in Taiwan, inc. 500MW of cells in China courtesy of DelSolar.

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odyd12

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Friday, March 8th 2013, 6:24am

Full February revenue

Results for Taiwan in February. I think I will take Sino off, they are big on semi wafers now.
Looks like Q1 has already revenue of Q4, but there is one more month to make sales on!!!

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taiwanfeb2013.png (35.75 kB - 22 times downloaded - latest: Apr 10th 2013, 7:36am)

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odyd12

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Thursday, April 4th 2013, 7:27am

NSP 10% QoQ, Solartech 13% in the same. Big drop (as it is revenue and ASP related to last year) in revenues YoY, but suggests ASP stable, or more shipments (lower ASP).
Gintech and Motech more critical.
Danen, wafer maker 33% growth QoQ

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odyd12

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Saturday, April 6th 2013, 4:18pm

Q4 Results for top 4 Taiwanese

I put in results for Q4 2012 for Taiwanese companies, and their revenues are very small in comparison to Chinese. Their cash levels are also on low side. I still need to add NSP, and complete sales for March
https://solarpvinvestor.com/analysis/quar…q4-2012-results

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odyd12

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Monday, April 8th 2013, 8:27pm

Gintech 26% increase in revenues

I am still working on the full file for March but here is the release
https://solarpvinvestor.com/tech-news/473…-for-march-2013

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odyd12

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Tuesday, April 9th 2013, 10:54pm

Hi everyone attached Q1 2013 results. I will say "WOW"
Chinese generally kick the dust out of Taiwan. A lot of volume came to those guys due to March EU registration jitters.

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Klothilde

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Wednesday, April 10th 2013, 1:03am

Great info, thx. What is your rough guess on their average utilization? 75-80% ?

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explo

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Wednesday, April 10th 2013, 1:20am

Yes, the EU registration is causing huge shifts in the industry. Lines in China (majority of world lines) have to idle for production destined for EU and Taiwan is closest alternative. Dust moves from Taiwan to China lines now. US wasn't a big enough market to cause a dent and the Chinese panel makers took the risk of retroactive duties that time. Now they don't risk it and cannot produce EU destined modules in China between registration and decision.

Check out Boss's thread on price by market for Chinese modules. EU is a new high ASP market joining Japan soon while US heads to average or below.

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solarcat

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Wednesday, April 10th 2013, 5:47am

Odyd12, thanks for the data. The last entry (E-Ton) has 154K for Feb and 191K for March but the MoM shows as -32.9%. Other numbers on that line could also be incorrect but I have checked them.