 2014-05-13 |
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(Times Information, Taipei)
YC Group (stock code: 4306) reported a consolidated revenue of NT$1.7 billion for April, a 9.74% increase compared to the same period last year. The cumulative revenue for the first four months of the year reached NT$6.507 billion, up 6.05% from the previous year.
The group’s subsidiary, Xinzhou Global (3171), achieved a consolidated revenue of NT$150 million in April, marking a 5.84% month-on-month increase and a 208.07% year-on-year surge. The cumulative revenue for the first four months of the year amounted to NT$560 million.
The improved April performance was attributed to a recovery in demand in the film market, 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. This resulted in higher shipments of automotive and PVC tapes, maintaining historic revenue highs.
Xinzhou Global also benefited from the group’s packaging business integration, with its performance improving as the “Pack Master” business in mainland China gradually recovered, contributing significantly to the group’s revenue.
This year, YC Group plans to actively develop new products and customers, and expand its product applications and sales mix to enhance 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 see 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 improve 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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