Taiwan Solar results

Interested in Chinese Solar Market? Do You Have an Investment in US-listed, Chinese Stocks?

Do not wait for market to tell you about the solar business and how your company is doing

Monthly Delivery Data, Global Average Declared Prices (GADP), Know about the business before the market does

May GADP Data has All module Exports with 32 companies named. 27 countries and 239 data points, click for more

Q3 SPVI Forum Portfolio- Members' choice

outsmart

Intermediate

Posts: 187

Date of registration: May 2nd 2013

Stock Positions: None

Thanks: 12

Wednesday, May 15th 2013, 6:51pm

GET (3519TT) announces the Company’s operating result for the first three months of 2013

In the first three months of 2013, GET achieved net sales of NT$ 2,679 million (QoQ +22%), gross margin rate -19% (QoQ +45%), with net loss of NT$ -645 million and EPS of NT$ -2.08.

GET operating result in the first quarter of 2013 was loss still; however GET operation in every aspect was improved on QoQ bases. With effective cost reductions and stable ASP of high level wafer, GET gross margin was improved by 10ppt. and shipment was increased by 20% along with capacity utilization reaching 95% in 1Q13.

GET expects industry turnaround in 2013 and keeps pursuing marketshare increase and profits, with strategies of prioritizing cash keeping, advancing manufacturing procedure, and enhancing wafer efficiency more than current high 18.2%.

http://www.getinc.com.tw/investor%20rele…test%20News.pdf

Go to the top of the page

outsmart

Intermediate

Posts: 187

Date of registration: May 2nd 2013

Stock Positions: None

Thanks: 12

Wednesday, June 5th 2013, 11:40am

GET(3519) reported May 2013 consolidated sales

Sales for May of 2013 were NT$ 1,034.8 million, up 2.1% MoM and up 6.9% from the same period of 2012.

GET capacity utilization in May kept over 95% due to continuing strong demands for high efficient wafer. With shipment increased, GET is getting higher market share in high efficient market.

GET will keep strategies of prioritizing cash keeping and pursuing high end market share, to build further solid business with makers of international brand name.

Go to the top of the page

outsmart

Intermediate

Posts: 187

Date of registration: May 2nd 2013

Stock Positions: None

Thanks: 12

Thursday, June 6th 2013, 5:56pm

Neo Solar Power Corporation

Neo Solar Power Corporation (3576 TT) (“NSP”, or “the Company”), a world-class leading producer of high quality solar cells in Hsinchu, Taiwan, today announced its consolidated revenue on management account reached NT$1,114 million for May 2013, representing an increase of 8.92% on a month-over-month comparison, thus, the fifth consecutive month this year experiencing higher monthly revenues. Shipment data for May reflected strong demand under a healthy ASP environment thanks to ample order visibility currently extending to Q3-2013.

Go to the top of the page

odyd12

Administrator

Posts: 2,580

Date of registration: Jan 3rd 2013

Stock Positions: Long: TSL

Thanks: 391

Thursday, June 6th 2013, 8:37pm

Summary of May sales

Compare Q4 results versus 2 months of Q2. Even in comparison to Q1, the Q2 is going to be a blowout result.

odyd12 has attached the following file:

taiwanmay2013.png (27.28 kB - 38 times downloaded - latest: Yesterday, 11:59am)

Go to the top of the page

2 registered users thanked already.

Users who thanked for this post:

uchsteve, outsmart

BIPV Investor

Beginner

Posts: 11

Date of registration: Jan 29th 2013

Stock Positions: TSL - 30%, SOL - 30%, CSIQ - 20%, JKS - 20%

Thanks: 1

Thursday, June 6th 2013, 9:38pm

So why are the listed Tawainese stocks not reacting to this? Do you think this type of information is baked into the share price or do you think preople are really oblivious to this publicly announced information? I keep feeling like we think we are smarter/more knowledgable than the street, but perhaps without profits people just don't really care. How else can on explain that CSIQ is back to essentially pre earning share price? Momentum traders come and go but without profits, investors tend not to linger.

Go to the top of the page

outsmart

Intermediate

Posts: 187

Date of registration: May 2nd 2013

Stock Positions: None

Thanks: 12

Friday, June 7th 2013, 4:08am

@BIPV Investor

Isn't that obvious, EU tariffs are much lower than expected and the Taiwanese solar industry has the most to lose if there is a deal between EU <-> China <-> US

Regarding CSIQ, the chart is still looking very good, could break out again in the next days.

Go to the top of the page

explo

Master

Posts: 1,792

Date of registration: Sep 29th 2012

Stock Positions: SOL, JASO

Thanks: 156

Friday, June 7th 2013, 4:42am

Quoted from "BIPV Investor"

Momentum traders come and go but without profits, investors tend not to linger.

As an investor I'd like to think it is the opposite. Investors get in before the profits arrive (i.e. while PE look bad and price-to-book look good), while the momentum guys enter after profits have arrived and PE looks good but price-to-book starts to get inflated.

Go to the top of the page

Klothilde

Unregistered

Wednesday, June 12th 2013, 10:42am

Motech at 1790 mil $NT in May (10.2%MoM):
http://www.motechsolar.com/en/financials.php#

Go to the top of the page

JulyWebb

Intermediate

Posts: 348

Date of registration: Feb 26th 2013

Stock Positions: JASO SOL

Thanks: 19

Wednesday, June 12th 2013, 11:16am

Klothilde would you happen to know what percentage of Motechs sales are Solar Cells?

Go to the top of the page

Klothilde

Unregistered

Wednesday, June 12th 2013, 11:34am

I don't know but given that they are a traditional cell player I would say 80-90%. One surprise to me is that looking at their data sheets their modules suck like there's no tomorrow. Standard multi only 235-245W and standard mono only 245-255W.

JA blows them away both in terms of efficiency and cost !

Go to the top of the page

JulyWebb

Intermediate

Posts: 348

Date of registration: Feb 26th 2013

Stock Positions: JASO SOL

Thanks: 19

Wednesday, June 12th 2013, 12:36pm

Thanks

Go to the top of the page

odyd12

Administrator

Posts: 2,580

Date of registration: Jan 3rd 2013

Stock Positions: Long: TSL

Thanks: 391

Tuesday, June 25th 2013, 7:05am

GET reports 2012 year

http://www.digitimes.com/news/a20130625PD202.html
Look at the total amount of revenue. Large in Taiwan, small in China scale of the organization, yet the capacity large

Go to the top of the page

odyd12

Administrator

Posts: 2,580

Date of registration: Jan 3rd 2013

Stock Positions: Long: TSL

Thanks: 391

Thursday, July 4th 2013, 11:31pm

We have two companies reporting revenue for June, Solartech and Danen.
Q2 over Q1 revenue growth 44.7% and 49.7%, MoM is small single digit and high teens in same order.
For YTD revenue is neg 30% and 38%,
I would suggest to check the Q1 2013 results for Chinese and compare them with following:
Q1 Taiwanese companies
Gintech YoYRev % -26%, GM -11.82%
NSP YoyRev % -16.5%, GM -11.37%
GET YoYRev % -4.8%, GM -19.0%
Motech YoYRev % -8.6%, GM -8%

JKS, SOL, HSOL looks great on the Q1 revenue growth. All but SOL and LDK made positive GM.
Few questions come up, how is this cell boom not helping Taiwanese?
How is the rev growth from Q2 to Q1 can template for Chinese?
Q2 revenue for Taiwanese had improved their YTD for the two companies, is this going to reflect in Chinese results?

Go to the top of the page

Uncle Chang

Intermediate

Posts: 174

Date of registration: Sep 29th 2012

Stock Positions: TSL CSIQ HSOL SOL JKS YGE JASO Hanergy (0566.HK) GCL(3800.HK)

Thanks: 9

Friday, July 5th 2013, 4:11pm

Quoted from "JulyWebb"

Klothilde would you happen to know what percentage of Motechs sales are Solar Cells?

84.68% Cells, and others include modules, inverters, they were also in the designing and engineering of PV systems.
Their subsidiaries like Nobel Town which holds Motech Americas, Itogumi Motech do Modules. Others like Power Islands also do wafer in China.

By the way, don't think that I know something, which can/can't be a big mistake, I look up stuff!