- DelSolar
-
Brief
Full name: DelSolar
Chinese name: 旺能光電股份有限公司
Short name: DelSolar
Stock code: 3599
Tax ID: 27246317
Market: TSE
Established: 23 Nov 2004
Paid in capital: NT$2.67 billion
Listed on ESB: 21 Nov 2007
Public since: 24 Oct 2007
Website: www.delsolarpv.com
Related news- Neo Solar, DelSolar merger to complete on May 31
- Taiwan solar cell makers report rising March revenues
- Neo Solar Power sees March revenues increase 11% on-month
- Commentary: TSMC holds key to future of Taiwan solar industry
- Taiwan solar makers see rising orders in February and March
- DelSolar, Neo Solar Power merger to complete in May-June
- Commentary: Delta and NSP will benefit from solar merger
- Commentary: NSP, DelSolar merger unlikely to stir industry
-
Financial performance
DelSolar [3599] historical stock price (NT$) Date Volume (k) Transactions Value Open High Low Close Change Ask Bid 20-May 1,371 398 26,327,323 18.65 19.70 18.65 19.35 +0.85 +4.59% 19.35 19.30 17-May 1,620 448 29,679,750 17.90 18.55 17.90 18.50 +0.75 +4.23% 18.55 18.50 - Source: TSE, compiled by Digitimes
DelSolar: Consolidated revenues, Apr 2012 - Apr 2013 (NT$m)
Month
Sales
M/M
Y/Y
YTD
Y/Y
Apr-13
613
23.3%
23%
1,844
(12.3%)
Mar-13
497
25%
(11.9%)
1,231
(23.3%)
Feb-13
398
18.2%
(16.8%)
734
(29.5%)
Jan-13
337
5.4%
(40.2%)
337
(40.2%)
Dec-12
320
(15.2%)
60.6%
5,703
(41.4%)
Nov-12
377
58.7%
(26.5%)
5,384
(43.5%)
Oct-12
237
(30.6%)
(61.3%)
5,007
(44.4%)
Sep-12
342
(29.1%)
(43.9%)
4,770
(43.2%)
Aug-12
482
(4.1%)
(42.9%)
4,428
(43.2%)
Jul-12
503
(14.6%)
(50.2%)
3,945
(43.2%)
Jun-12
589
(21.4%)
(31%)
3,442
(42%)
May-12
750
50.4%
7.6%
2,853
(43.8%)
Apr-12
498
(11.6%)
(40.5%)
2,103
(52%)
*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2013DelSolar: Non-consolidated revenues, Dec 2011 - Dec 2012 (NT$m)
Month
Sales
M/M
Y/Y
YTD
Y/Y
Dec-12
270
(27.6%)
124.6%
5,224
(44.4%)
Nov-12
373
58.7%
(24.2%)
4,954
(46.6%)
Oct-12
235
(28.6%)
(61.6%)
4,580
(47.9%)
Sep-12
330
(28%)
(45.6%)
4,345
(46.8%)
Aug-12
458
(7.3%)
(44%)
4,015
(46.9%)
Jul-12
494
(13.6%)
(52.1%)
3,557
(47.3%)
Jun-12
572
(22.3%)
(31%)
3,063
(46.4%)
May-12
736
49.7%
4.4%
2,491
(49%)
Apr-12
492
2.7%
(37.2%)
1,755
(58%)
Mar-12
479
23%
(60%)
1,263
(62.8%)
Feb-12
390
(1.1%)
(65%)
784
(64.3%)
Jan-12
394
227.5%
(63.6%)
394
(63.6%)
Dec-11
120
(75.6%)
(88.8%)
9,395
(6.3%)
*Figures are not consolidated
Source: TSE, compiled by Digitimes, May 2013DelSolar: Consolidated revenues, 1Q12 - 1Q13 (NT$m)
Quarter
Sales
Q/Q
Y/Y
YTD
Y/Y
1Q-13
1,231
31.9%
(23.3%)
1,231
(23.3%)
4Q-12
934
(29.6%)
(29.6%)
5,703
(41.4%)
3Q-12
1,327
(27.8%)
(46.2%)
4,770
(43.2%)
2Q-12
1,837
14.5%
(23.1%)
3,442
(42%)
1Q-12
1,605
21%
(54.7%)
1,605
(54.7%)
*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2013DelSolar: Non-consolidated revenues, 4Q11 - 4Q12 (NT$m)
Quarter
Sales
Q/Q
Y/Y
YTD
Y/Y
4Q-12
879
(31.4%)
(28.3%)
5,224
(44.4%)
3Q-12
1,282
(28.8%)
(47.8%)
4,345
(46.8%)
2Q-12
1,800
42.6%
(22.3%)
3,063
(46.4%)
1Q-12
1,263
3%
(62.8%)
1,263
(62.8%)
4Q-11
1,226
(50.1%)
(65.1%)
9,395
(6.3%)
*Figures are not consolidated
Source: TSE, compiled by Digitimes, May 2013DelSolar: Consolidated balance sheet, 4Q11 - 4Q12 (NT$k)
Item
4Q-2012
3Q-2012
2Q-2012
1Q-2012
4Q-2011
Current assets
5,170,107
4,534,100
6,167,459
6,721,637
5,966,245
Intangible assets
768
832
917
976
1,067
Other assets
1,330,404
1,504,352
1,311,548
1,295,506
1,297,610
Assets
12,796,678
12,354,313
14,224,604
14,769,033
14,297,229
Current liabilities
5,128,577
4,070,933
5,027,261
4,954,427
4,360,676
Other liabilities
179,293
166,542
157,040
146,767
202,685
Liabilities
7,161,203
6,090,808
7,464,301
7,912,374
6,863,968
Stockholders' equity
5,635,475
6,263,505
6,760,303
6,856,659
7,433,261
*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2013DelSolar: Non-consolidated balance sheet, 4Q11 - 4Q12 (NT$k)
Item
4Q-2012
3Q-2012
2Q-2012
1Q-2012
4Q-2011
Current assets
3,269,894
3,050,041
4,337,527
4,470,828
3,713,950
Long-term investments
3,491,425
3,515,640
3,610,641
3,680,843
3,984,232
Other assets
833,664
1,024,477
1,152,986
1,177,372
1,199,899
Assets
11,844,046
11,526,177
12,942,067
13,106,365
12,748,175
Current liabilities
4,131,313
3,215,689
3,718,550
3,807,503
3,426,741
Other liabilities
223,925
193,650
183,214
162,203
241,506
Liabilities
6,208,571
5,262,672
6,181,764
6,249,706
5,314,914
Stockholders' equity
5,635,475
6,263,505
6,760,303
6,856,659
7,433,261
*Figures are not consolidated
Source: TSE, compiled by Digitimes, May 2013DelSolar: Consolidated income statement, 1Q12 - 1Q13 (NT$k)
Item
1Q-2013
4Q-2012
3Q-2012
2Q-2012
1Q-2012
NT$k
% of sales
NT$k
% of sales
NT$k
% of sales
NT$k
% of sales
NT$k
% of sales
Gross sales
934,871
1,335,784
1,839,268
1,629,644
Operating revenue
1,231,394
131.7%
933,889
99.9%
1,327,371
99.4%
1,837,334
99.9%
1,604,799
98.5%
Gross profit (loss) from operations
-279,692
-29.9%
-423,008
-45.2%
-261,220
-19.6%
-203,190
-11%
-341,092
-20.9%
Operating expenses
148,914
15.9%
143,624
15.4%
156,856
11.7%
241,889
13.2%
201,729
12.4%
Operating income (loss)
-428,606
-45.8%
-566,632
-60.6%
-418,076
-31.3%
-445,079
-24.2%
-542,821
-33.3%
Non-operating revenues and gains
65,651
7%
18,745
1.4%
36,041
2%
17,517
1.1%
Income from continuing operations before income tax
-388,712
-41.6%
-531,632
-56.9%
-418,722
-31.3%
-438,379
-23.8%
-544,282
-33.4%
Net income (loss)
-399,911
-42.8%
-633,341
-67.7%
-418,720
-31.3%
-377,567
-20.5%
-482,872
-29.6%
Fully-diluted earnings per share (NT$)
-1.5
-1.9
*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2013DelSolar: Non-consolidated income statement, 4Q11 - 4Q12 (NT$k)
Item
4Q-2012
3Q-2012
2Q-2012
1Q-2012
4Q-2011
NT$k
% of sales
NT$k
% of sales
NT$k
% of sales
NT$k
% of sales
NT$k
% of sales
Gross sales
879,521
1,290,328
1,802,022
1,287,790
1,369,049
Operating revenue
878,860
99.9%
1,281,918
99.3%
1,800,335
99.9%
1,262,916
98.1%
1,225,919
89.5%
Gross profit (loss) from operations
-380,699
-43.3%
-222,809
-17.3%
-131,357
-7.3%
-172,523
-13.4%
-1,310,774
-95.7%
Operating expenses
116,143
13.2%
127,309
9.9%
194,101
10.8%
159,057
12.4%
215,921
15.8%
Operating income (loss)
-496,842
-56.5%
-350,118
-27.1%
-325,458
-18.1%
-317,489
-24.7%
-1,526,695
-111.5%
Non-operating revenues and gains
51,217
5.8%
8,065
0.6%
30,896
1.7%
11,767
0.9%
7,787
0.6%
Income from continuing operations before income tax
-506,313
-57.6%
-370,204
-28.7%
-418,058
-23.2%
-518,615
-40.3%
-1,286,252
-94%
Net income (loss)
-633,341
-72%
-418,720
-32.5%
-377,567
-21%
-482,872
-37.5%
-1,119,632
-81.8%
Fully-diluted earnings per share (NT$)
-1.9
-4.5
*Figures are not consolidated
Source: TSE, compiled by Digitimes, May 2013 - DelSolar full profile
- AUO aims at 20% market share for eTP touch panels for notebooks in 2013
- Digitimes Research: US new solar installations may only reach 3.5GW in 2013
- Solar cell prices may increase to US$0.43/W in Taiwan
- Sony Mobile to extend cooperation with ODM firms, says marketing executive
- Senao expanding retail chain in eastern China
- UDE likely to obtain orders from 2 game console vendors
- Lenovo 1Q13 net profit hikes 90% on year
- Phison warns several backend firms of possible patent infringement
- Facebook sets up OCP Taiwan
- Computex 2013: Memory module firms to showcase new SSDs
- Asia to be largest LTE market, says Nokia Siemens Networks greater China head
- ABB to produce PV inverters in South Africa
- TPV Technology suffers 1Q13 net loss of over US$10 million
- Digitimes Research: Seoul Semiconductor may see 2013 revenues up 40.3% on year
- Taiwan April manufacturing production index down, says MOEA
- Polarizer makers under price-cut pressure from clients
- AUO to supply panels for use in 2nd-gen Nexus 7, say sources
- US fab-tool book-to-bill stays above parity, says SEMI
- Intel, MediaTek and Elan taking up 60% of global touchscreen controller market
- HannStar to reach 95% utilization in 2Q13
- Windows 8 expected to take up 5-8% of global tablet shipments in 2013, say Taiwan makers
- Digitimes Research: Global LED tube light shipments to reach 220 million units in 2013
- Nvidia introduces GeForce GTX 780 GPU for gaming
- Quartz component maker TXC expects sales to rise through 4Q13
- Global LCD monitor OEM shipments down 14% on year in 1Q13, says TPV
24-May-2013 markets closed
| Last | Change |
| TAIEX (TSE) | 8209.78 | -28.05 | -0.34% |

| TSE electronic | 310.89 | -0.43 | -0.14% |

| GTSM (OTC) | 118.64 | -0.71 | -0.59% |

| OTC electronic | 143.77 | -0.29 | -0.2% |

- China solar firms protest over EU duties (May 24) - China Daily
- China solar companies seek EU and US tariff deals (May 23) - Finacial Times
- US, Europe prepare to settle China solar panel cases (May 20) - New York Times
- Suntech debt tops US$500 million and counting (May 24) - Sydney Morning Herald
- Los Angeles unveils 350MW solar program (May 23) - PV Magazine
- Solar-grade polysilicon probes almost completed (May 16) - People's Daily
- Solar panels installed on ambulance vehicles (May 15) - BBC News
- Ted Turner taking coal funds to create solar odd couple (May 13) - Business Week
- Releases
- White papers
- Bulletin
- ABB to acquire Power-One to become a global leader in solar photovoltaic (PV) inverters
- Heraeus purchases the Ferro Corporation solar paste business
- Advantech: Supporting the Photovoltaics Industry with All-in-One Solutions
- BIG SUN Energy launches 6" mono cells with 19.4% conversion efficiency and patented iPV tracker
- Revolutionary solar tracking system to expand solar penetration: The aspiration to become the Apple in solar industry

Taiwan-based solar firms have been expressing optimistic view about the solar market.

China-based large-size solar firm Suntech Power Holdings failed to pay back US$541 million in convertible notes on March 15 and announced the insolvency...

Rumors from China solar industry
China government reportedly planned to announce the preliminary result of the anti-dumping and anti-subsidy investigation on February 20, but now the...

Neo Solar Power to merge with Delta's subsidiary, DelSolar

Opportunity lies for MEMS energy harvesting: Q&A with Holst Centre general manager Bert Gyselinckx
Digitimes recently interviewed Bert Gyselinckx, general manager of the Holst Centre in Eindhoven, to...

MEMS-enabled energy harvesting: Q&A with MIG executive director Karen Lightman
Digitimes recently spoke with Karen Lightman, the executive director of MEMS Industry Group (MIG),...

Putting solar on anything that can be moved, carried or worn: Q&A with Alta Devices
GaAs solar material maker Alta Devices boasts solar cells with an efficiency of 28.8%, but perhaps...

The Taiwan-based solar supply chain is likely to enter a period of consolidation. For upstream material...
- Trends and shipment forecast for 2H 2012 tablet market
Digitimes Research remains conservative about the prospects for the period, with half-year shipments projected to reach 49.18 million units and whole-year shipments being revised downward to 88.69 million units.
- Trends in the China video market
In addition to strong potential video content demand in China, the market has developed rapidly due to government intervention and delays in establishing copyright protections.
- 4Q12 trends in the Greater China touch panel industry
In the second half of 2012, the market focus is on the iPhone 5, which uses in-cell touch screen technology. Due to the integration of display panels and touch panel functions, the high technological threshold will mean Taiwan touch panel makers are unable to enter the iPhone supply chain.













