Solar cell makers Motech Industries and TSEC have reported consolidated revenues of NT$1.187 billion (US$39 million) and NT$235.9 million respectively for June, the former slipping 24.44% sequentially and 41.60% on year, and the latter shrinking 41.58% sequentially and 57.76% on year.
The revenues dereased as China in June announced plans to control PV installation, resulting in drastic reductions in PV demand in the country. Motech and TSEC had to temporarily stop making products that saw sharp price drops in price and decline orders with low asking quotes.
Motech posted consolidated revenues of NT$4.396 billion for the second quarter, dropping 10.88% sequentially and 21.47% on year, and those of NT$9.329 billion for January-June dipped 12.54% on year.
TSEC had consolidated revenues of NT$1.024 billion for the second quarter falling 24.92% sequentially and 34.30% on year, and those of NT$2.388 billion for January-June decreased 26.68% on year.
Meanwhile, solar wafer maker Sino-American Silicon Products has reported consolidated revenues of NT$5.734 billion for June, slipping 2.14% sequentially but growing 10.94% on year. Consolidated reveues for second-quarter 2018 reached NT$17.308 billion, rising 2.47% sequentially and 23.50% on year, and those of NT$34.2 billion for January-June increased 23.95% on year.