DOWNTURN?A company executive said that a prior forecast that the segment could be profitable this year had turned into hope that it could break even
Taipei Times
Date: Sep 13, 2016
By: Lauly Li / Staff reporter
Contract electronics maker Inventec Corp (英業達) expects its solar power business to become unprofitable this quarter, due to worse-than-expected demand and sharp declines in solar prices, a company executive said yesterday.
“Demand from China and Southeast Asia is much weaker than our previous estimate,” an Inventec’s investor relations official said by telephone.
The Chinese government and many Southeast Asian governments had been cutting demand and reducing subsidies for solar power products, the official said.
The declining demand dragged down the average selling price of solar power products, weighing on profitability of solar power manufacturers, she said. [FULL STORY]