Hsinchu, Taiwan, March 6, 2017 – SAS today announced February financial results. The group consolidated revenue reached NT$4.38 billion, up by 8.3% MoM and 92.58% YoY. Solar business revenue came to NT$1.04 billion, increasing by 18.4% MoM and -1.8% YoY. GWC revenue, SAS’s semiconductor subsidiary, reaching NT$3.34 billion up by 6% MoM and 175% YoY, also recorded consecutive growth since last month. Both solar and semiconductor business bring brilliant performance in February revenue. Production lines of 6” to 12” semiconductor wafers are full while integration after the merger with SunEdison SEMI is also now in progress.
In solar business, the US Department of Commerce announced on March 2nd the preliminary determination of anti-dumping duty review on Taiwanese cells. Among all manufacturers, SAS gained 3.5% the lowest tax rate in Taiwan, much lower than the average duty rate of 19.5% for solar cell makers in Taiwan in 2015. The largest mono PERC cell capacity in Taiwan as well as own module brands have made SAS Group the biggest winner this time. Meanwhile the solar system company under the group founded in 2015, Sunrise PV World Co., presenting the 50MV PV Power Farm Project in Philippine, received the System Integration Output Award in February at 2017 Smart City Summit & Expo co-sponsored by Taiwan Smart City Solution Alliance and Taipei Computer Association. This integrated power farm construction service project not only presented the product and service quality of Taiwan but also successfully showed our capability at home and abroad. SAS will continue using own brand high efficiency product to power plant, and developing domestic & oversea’s market in parallel.
Furthermore, the high efficiency N-type multi wafer provided by SAS to the independent laboratory in Germany to fabricate it into cells has dramatically elevated the existing record of 21.25% to nearly 22%, setting a new world record. In addition, SAS’ N-type multi wafer hasn’t reached its full potential and will be elevated to higher than 22% in the future. Being currently under trial run stage at SAS, this high quality wafer will be most likely to play a vital role in high efficiency cell market.
As one of the leading providers of the most integrated solar products in Taiwan, SAS striding across wafers, cells, modules and solar power farms will continue to respond to the trend of the global energy saving and carbon emission reduction and fully develop the advantages of up and down chain integration for more profitable future. GWC in the semiconductor business will also continue to play a crucial role in the global semiconductor chains.