 2014-05-15 |
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(Central News Agency, Taipei)
YC Group (stock code: 4306) reported a consolidated revenue of NT$1.7 billion for April, marking a 9.74% year-on-year increase. The cumulative consolidated revenue for the first four months of the year reached NT$6.507 billion, up 6.05% compared to the same period last year.
The group's subsidiary, Xinzhou Global (3171), benefited from increased locations and strengthened distribution channels, with revenue for the first four months of the year growing by 218.67%. In April alone, Xinzhou Global's consolidated revenue reached NT$150 million, up 5.84% month-on-month, with the cumulative revenue for the first four months totaling NT$560 million.
YC Group stated that the April performance was better than last year, mainly due to a recovery in demand for films, which led to a significant increase in shipments and revenue. Another subsidiary, Wan Zhou Chemical (1715), saw growth due to increased outsourcing orders and the effective utilization of new polyvinyl chloride (PVC) production capacity, with higher shipments of automotive and PVC tapes contributing to historic revenue highs.
Xinzhou Global's revenue growth benefited from the group's packaging business integration, with the performance of the “Pack Master” business in mainland China gradually improving, contributing significantly to the group's revenue. The company reported a consolidated revenue of NT$150 million in April, marking a 5.84% increase from the previous month, and a cumulative revenue of NT$560 million for the first four months, a 218.67% year-on-year increase.
YC Group indicated that it will actively develop new products and customers this year, and expand its product applications and sales mix to improve profitability. The film business will focus on applications in electronic materials. Additionally, the group’s investment in Wan Zhou Chemical’s acrylic acid production is set to commence in the second quarter, which will enhance vertical integration and reduce production and sales costs.
Looking ahead to the second quarter, Wan Zhou Chemical is expected to achieve significant growth in revenue and profitability due to new production capacity. Xinzhou Global will continue to expand its packaging operations and distribution channels in Taiwan and mainland China to enhance operational performance. With the growth of these two subsidiaries and stable film business orders, the group anticipates promising future revenue and profit contributions. |
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