January sales revenue
Release Date: 2008/02/04
Gintech Energy Corporation announced its operating results for January 2008. Monthly sales totaled NT$1,106 million, a new record for the company; this figure represented a monthly growth rate of 9.3% compared to December, and a year-on-year growth rate of 650% compared to January 2007. Despite the gloomy economic outlook, which has depressed price-earnings ratios in the capital markets, the prospects for continued growth in the solar cell industry are still bright.
In 2007, Gintech\'s annual production capacity stood at 210 MWp. This figure is expected to rise to 560 MW in 2008, with annual output climbing to 280 MW. Gintech already has a full order book for 2008. Gintech Chairman C.T. Kuo said that Gintech and its employees would be providing an even higher level of service to customers in 2008.
Gintech is expanding its production facilities at Guanyin with the addition of a No. 3 Factory that will begin production in the second half of 2008. To meet rapidly expanding demand for production capacity and materials, Gintech is also planning a capital increment for 2008 that will increase the company\'s capitalization to NT$10 billion.