 2015-02-11 |
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YC January Revenue Down 4.7%, Oil Prices Critical for Future Outlook
February 10, 2015, 16:27
Reporter: Wang Yi-Chin, Taipei
YC (4306) announced a January consolidated revenue of NT$15.58 billion, a 4.7% decrease from the previous month and a 1.8% decrease from the same period last year. Its subsidiary ACHEM (1715) reported January consolidated revenue of NT$9.35 billion, down 1.65% month-over-month but up 0.5% year-over-year. Xinzhou Global (3171) achieved January consolidated revenue of NT$1.39 billion, a 6.8% decline from the previous year.
YC faces significant operational pressure this year due to persistently low oil prices impacting its film business performance. If oil prices continue to decline, this will exacerbate the company's operational challenges, making revenue and profit growth more difficult. YC's January consolidated revenue was NT$15.58 billion, a decrease of 4.7% from the previous month and 1.8% from the previous year.
ACHEM's January revenue benefited from the gradual resumption of OPP production at its Ningbo plant, stabilization in the Chinese OPP market, and steady export orders to the U.S. and Japan. The company anticipates that with the addition of the Yangmei PE plant and the Haian plant in China later this year, combined with vertical integration benefits, overall operations will gradually improve. ACHEM's January consolidated revenue was NT$9.35 billion, down 1.65% month-over-month but up 0.5% year-over-year.
Xinzhou Global, following the integration of its packaging materials business, has seen improved efficiency in Taiwan. Its Baodashi operations in China are showing steady growth and have started to achieve monthly profitability. The company plans to expand its operations in central and northern China, which is expected to drive future growth for Xinzhou. Xinzhou Global's January consolidated revenue was NT$1.39 billion, a 6.8% decline from the previous year. |
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