PVinsights : Overall performance of Taiwanese cell makers deteriorated seriously in 3Q14.

Average net profit margin of major Taiwanese cell makers plunged dramatically from 2.68% to -8% in 3Q14 as the sales and gross margin stepped down.

1. Sales revenue of major Taiwanese cell makers was NTD 19.3 billion in 3Q14, a significant decrease of NTD 6.1 billion, with -24 % QoQ growth rate primarily due to the plunge of shipment and ASP.

2. In 3Q14, average gross margin of major Taiwanese cell makers was -2.2%, a decrease of 10.8% since the cell companies sold their products near or below their cash cost to stimulate cell demand.
3. Average net profit margin of major Taiwanese cell makers plunged dramatically from 2.68% to -8% in 3Q14 as the sales and gross margin stepped down. Hence, Overall Taiwanese ROA ratio and ROE ratio declined as well.
4. Overall major Taiwanese cell manufacturers had low liquidity risk with current ratio above 100%. Yet, with the increase of inventories, the quick ratios of Tainergy, Eton and Solartech get worst in 3Q14.

Featured Product

LG Solar Unveils NeON R with Enhanced Aesthetics and Energy Savings

LG Solar Unveils NeON R with Enhanced Aesthetics and Energy Savings

The NeON R module features "Back Contact" cell technology delivering an entirely black panel that is aesthetically pleasing and energy efficient. The cell's seamless, surface blends perfectly into nearly all rooftop designs while the module's electrodes are positioned on the rear of the cell. Using LG's N-type cell structure, the panels produce 365W of energy, up to 7.3kWp, compared to 5.8kWp of the p-type cell. The module's new design minimizes LID, thereby delivering a longer lifespan and increased energy output.