In terms of financial statements for VSUN SOLAR, PV module shipments increased by 277% year on year.
As the coronavirus continues to spread, the global economy is being put under pressure. PV manufacturers have also been influenced with varying degrees. Despite the outbreak, VSUN has experienced growth. Current business and financial status indicates VSUN will continue this high speed growth.
When the virus first broke out VSUN carried out an emergency preemptive project to manage production and operations.
Within the global market and supply chain system, our sales department has obtained orders for the first half of 2020. Our factory has prepared sufficient materials and supplies in advance. All staff based in Vietnam remains at their positions to ensure that the delivery times will not be affected by the Coronavirus.
VSUN has been listed by several banks and financial institutions around the world for being financially reliable. Furthermore, our orders and shipments have largely increased from 2019. These are the reasons why VSUN is highly approved by project investors. At present, VSUN is operating at full capacity. The production plan has been scheduled until October 2020.
“VSUN persists in the strategy with steady development through a suitable path. Due to the further spread of Coronavirus, we expect that the expansion plan of the third country base and cells production line in Vietnam will be postponed. The product certification and production line transformation of 166 version and 210 version are advancing as planned. It is expected to achieve mass production in June. We are confident in over fulfilling 2020 annual goals with the great support from our headquarter in Japan,”--- Lewis Cai, CEO of VSUN.
All VSUN staff members are well prepared to meet the new challenges presented by the Coronavirus. In the 1st quarter of 2020 we have obtained more orders than any other quarter since the company has been established. We expect to keep the momentum going throughout 2020.
VSUN refuses to allow a global pandemic of significant magnitude to affect our line of work and ultimately the prosperity and integrity of the company. The VSUN family will stay strong and hardworking during these troubling times in order to meet your needs and fulfill our goals.