Gintech Energy recorded net EPS of NT$0.60 (US$0.0198) for the first quarter of 2014, the highest among main Taiwan-based crystalline silicon solar cell makers.
Except E-Ton Solar Tech, all other Taiwan-based solar cell makers generated net profits for the first quarter and this was due to surging orders from China-based PV module makers who were maximizing exports to the US market before the US government makes preliminary anti-dumping and anti-subsidization decision in June.
China-based PV module makers accounted for 50-60% of orders received by main Taiwan-based solar cell makers in the first quarter. Following the US government's preliminary decision, China-based PV module makers are expected to sharply reduce exports to the US market and therefore their orders for Taiwan-based solar cell makers will decrease.
| Major Taiwan-based solar cell makers' financial results, 1Q14 | ||||
| Company | Consolidated revenues (NT$b) | Net profit (NT$m) | Net EPS (NT$) | Planned annual production capacity by end of 2014 (MWp) |
| Gintech | 4.287 | 244 | 0.60 | 1,800 |
| Neo Solar Power | 7.277 | 369 | 0.52 | 2,100 |
| Motech Industries | 5.984 | 127 | 0.35 | 2,000 |
| Solartech Energy | 2.656 | 152 | 0.46 | 1,000 |
| Tainergy Tech | 1.522 | 115 | 0.50 | 700 |
| E-Ton | 1.250 | (38) | (0.05) | 880 |
Source: Companies, compiled by Digitimes, May 2014
Article translated by Adam Hwang
