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TSEC’s Revenue of October Became the Highest of the Past 16 Months, up 32% MoM

published: 2017-11-08 13:28

Solar cell manufacturer TSEC announced that its revenue for October was NT$ 701.9 million, which was the highest of the past 16 months, with growth of 20.34%YoY and 32.32%MoM. The revenue accumulated to October in 2017 was NT$ 5.646 billion.

TSEC indicated that the main reasons for the rising revenue of October were the increase of output value caused by change of the combination of product and marketing and the delayed shipment until October due to power station project or the Oct. 1 long holiday.

As for the future, TSEC mentioned that the company will continue to increase the revenue shares of high efficiencysolar cell and high power module. The adjustment of this marketing mix will be beneficial to its products’ overall value, making the rise of its revenue and gross margin more certain. Thus, the earning power of the company will increase based on the change of product mix. It is expected that the adjusting benefit of the combination of product and marketing will become more noticeable after the mass production of Pingtung’s massive module manufacturers in 2018.

(Photo source: public domain CC0)

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