 2010-07-12 |
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YC (4306) reported that its consolidated revenue in June surpassed NT$1.5 billion, reaching NT$1.579 billion, a month-on-month increase of 25% and a year-on-year growth of 40.26%. For the second quarter, consolidated revenue totaled NT$4.155 billion, marking a 14% quarter-on-quarter increase. With the operation of ACHEM (1715) joining this year, YC's consolidated revenue for the first half of the year reached NT$7.706 billion, a significant increase of 121.22% compared to NT$3.483 billion in the same period last year. The company is expected to continue its momentum into the third quarter.
Optimistic about the recovery in subsequent demand and in response to the resource integration strategies launched by YC and ACHEM in mainland China, YC is continuously expanding its production lines. The Ningbo Yasu production line, which was expanded last year, is expected to be completed in August, increasing film production capacity by 3,000 tons.
Global demand for packaging materials has remained strong, with YC experiencing a rise in shipment volumes and prices in the second quarter. Additionally, the recognition of NT$279 million in revenue from Wangzhou Construction has helped stabilize monthly performance at the NT$1.5 billion mark. Among these figures, the investment in ACHEM reported self-assessed revenue of NT$344 million in June, reflecting a year-on-year increase of 13.85% but a month-on-month decrease of 2.8%.
YC indicated that its tape packaging segment benefits from the peak season in related industries such as consumer goods and logistics, strengthening demand in the packaging materials market. In the first four months of this year, with upstream raw material prices rising nearly 30%, YC has responded with a pricing strategy that has led to almost monthly price increases. In May, prices were raised by an additional 5% to 8%, significantly boosting the second quarter's performance.
Currently, YC's sales regions are predominantly in Asia (including Southeast Asia and Central Asia), accounting for about 60% of its consolidated revenue, with half of that coming from mainland China. The Europe and North America regions together account for approximately 35% of revenue.
Additionally, Wangzhou Construction, a subsidiary of YC, initially planned to launch a development project on its land in Neihu. However, considering market trends and the need to maintain stable investment returns, the company has decided to commission CBRE to publicly auction the land in early August. With the signing of the ECFA, commercial office and retail prices are rising. If the Neihu land is successfully auctioned, it is expected to yield additional benefits. |
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