Gintech Energy Corporation announced its unaudited monthly revenue for September 2012

The Company's news release

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Net sales in September 2012 were NT$742 million, a decrease of 39.7% month-over-month from NT$1,230 million in August 2012, and a decrease of 53.0% year-over-year from NT$1,578 million in September 2011. On a quarterly basis, net sales in Q3/2012 were NT$3,384 million, a decrease of 21.9% quarter-over-quarter from NT$4,331 million in Q2/2012, and a decrease of 28.1% year-over-year from NT$4,707 million in Q3/2011.

Amidst the industry slowness through inventory adjustment, we have also experienced negative impacts on both shipment volumes and selling prices in the recent months. As cash flow management represents the priority of the business development, we are strategically more selective on taking orders to reduce financial risk and avoid price war. This move actually enhances our balance sheet and long-term competitiveness through the downturn.

In the course of September 2012, we obtained NT$4 billion of credit facility from a syndicated loan, as well as NT$620 million from the issuance of convertible bonds. The successful fund raisings show the confidence and supports of banks and investors hold in Gintech as a leading solar manufacturer. Our total liquidity including cash and undrawn credit lines stands at approximately NT$10 billion, which prepares us with strong financial status.