 2015-05-13 |
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YC (4306) April Consolidated Revenue Up 9.66% Month-over-Month; ACHEM Up 6.96%; Xinzhou Global Up 5.73%
[MoneyDJ News / Report by Wu Cai-lian]
In April, YC (4306) reported a consolidated revenue of NT$1.579 billion, a 9.66% increase month-over-month. However, cumulative revenue for the first four months decreased by 13.34% compared to the same period last year. ACHEM (1715) saw a consolidated revenue of NT$926 million in April, up 6.96% month-over-month, but its cumulative revenue for the first four months declined by 7.64% year-over-year. Xinzhou Global (3171) achieved a consolidated revenue of NT$141 million in April, a 5.73% increase month-over-month, with a 5.38% decrease in cumulative revenue for the first four months compared to the previous year.
ACHEM’s April revenue recovery comes after a slump due to a significant drop in oil prices and lower unit prices. Increased export orders to the US and Japan, along with stabilized demand in Mainland China, have contributed to a gradual recovery. With the addition of operations from the Yangmei PE plant and the Hai’an plant in Mainland China later this year, along with the benefits of vertical integration, ACHEM’s overall performance is expected to show a gradual upward trend.
Following the integration of its packaging business, Xinzhou Global has seen significant improvements in the Taiwan market, with stable growth expected this year. In Mainland China, after a restructuring phase last year, the business is now breaking even on a monthly basis. Expansion into Central and Northern China is anticipated to start showing results in the second quarter, with significant growth in both operations and profitability expected for Xinzhou Global due to lower procurement costs and improved performance.
YC, having faced pressure due to the significant drop in oil prices and oversupply in the Mainland China film market at the end of last year, saw a decline in its film business performance. However, with oil prices beginning to rise again in the second quarter and active asset management, along with the expected delivery of the Xinzuang MORE project by year-end, YC anticipates significant increases in both revenue and profitability in the second quarter compared to the first quarter. |
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