We expect demand strength to continue in Q2/2014 with a stable pricing environment

Gintech posts profitability for 2013

Net sales in December 2013 were NT$1,398 million, a decrease of 1.1% month-over-month from NT$1,414 million in November 2013, and an increase of 79.9% year-over-year from NT$777 million in December 2012. On a quarterly basis, net sales in Q4/2013 were NT$4,315 million, an increase of 5.3% quarter-over-quarter from NT$4,097 million in Q3/2013, and an increase of 74.9% year-over-year from NT$2,468 million in Q4/2012.

Overall December 2013 performance was quite stable compared to November 2013 in terms of volume, ASP and shipment mix. We continued to see strong installation activities in various regions. Pricing also started to show some strength exit the year.

As worldwide demand continues to grow with limited supply expansion, overall pricing has been moving up throughout the supply chain. We remain optimistic about the structural turn around and expect to see profitable growth with our leading industry position.

Net sales in Q3/2013 were NT$4,097 million, an increase of 6.6% quarter-over-quarter from NT$3,845 million in Q2/2013, and an increase of 21.1% year-over-year from NT$3,384 million in Q3/2012

JinkoSolar return to profitability sets the tone for the industry’s comeback

Out of some 400 enterprises in China in 2011/2012, we identified around 160 with significant levels of capacity remaining active

Gintech Energy Corporation(TPE:3514) net sales in March 2013 were NT$1,098 million, an increase of 26.9% month-over-month from NT$865 million in February 2013, and a decrease of 22.9% year-over-year from NT$1,424 million in March 2012. 

Overall shipments from the three companies, however, amounted to 763MW of cells, which was 32MW higher than shipments in Q3

China is now expected to reach 40GW of installations by 2015. There is a certain amount of expectation that small companies will be marginalized and financial support will be given to an elite group.