 2013-11-08 |
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Reporter: Zhang Huiwen / Taipei
YC (4306) announced yesterday that its October revenue reached 1.734 billion yuan, up 7.69% from the previous month. The group’s subsidiary, ACHEM (1715), reported October revenue of 897 million yuan, marking an 8.93% increase. YC Group stated that both YC and ACHEM will add new production lines by year-end and remains cautiously optimistic about Q4 performance.
From January to October this year, YC’s revenue totaled 16.298 billion yuan, a 4.8% increase compared to the same period last year. ACHEM’s cumulative revenue for the first ten months was 8.738 billion yuan, a 5% increase year-over-year. YC noted that the October revenue growth was primarily driven by the benefits of its seventh BOPP film production line, along with growth in tape and packaging material businesses, which contributed significantly to revenue.
Additionally, by year-end, ACHEM will add two new PVC production lines to meet specific market demands with customized production. The new PE plant is expected to commence production in Q1 next year, adding new growth momentum to operations and contributing positively to future revenue and profitability.
YC Group also mentioned that with increasing market demand and the addition of new plants, tape, film, and packaging material businesses are expected to maintain the third-quarter performance levels. Furthermore, YC’s investment in ACHEM’s Shanghai Phase I project, which plans to produce 80,000 tons of acrylic acid, 80,000 tons of butyl acrylate, and 20,000 tons of isocyanic acid annually, is also set to commence in February next year and will contribute to the group’s revenue. |
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