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

AllEarth Renewables - The Solar Tracker

AllEarth Renewables - The Solar Tracker

Designed and manufactured in the U.S., the AllEarth Solar Tracker is a complete grid-tied, dual-axis solar electric system that produces up to 45% more electricity than fixed systems. The tracker uses GPS and wireless technology to follow the sun throughout the day for optimal energy production. It has an industry-leading 10 year warranty and 120 mph wind rating, superior snow shedding, and automatic high wind protection. Its simple, durable design and complete system pallet simplifies costly procurement and installation time. Contact us about becoming a dealer partner or purchasing an AllEarth Solar Tracker.