 2015-07-13 |
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Taiwan's leading tape manufacturer, YC Group, announced its June revenue today, reporting a consolidated revenue of NT$1.535 billion, up 2.17% from the previous month. However, the consolidated revenue for the first half of the year decreased by 13.38% compared to the same period last year. The company expects that the rebound in oil prices and stabilization in the film market will help reverse the downturn, with a stable overall performance anticipated.
YC Group's subsidiary, Achem, reported a June revenue of NT$850 million, down 6.32% from the previous month, with a year-to-date decrease of 7.74%. Xinzhuo Global achieved a revenue of NT$154 million in June, up 5.02% from the previous month, though its year-to-date revenue also declined by 3.99%.
YC Group stated that Achem's sales have slowed due to weak domestic demand in China, and the relocation of the OPP production line from the Jiading plant to the Ningbo plant has not yet been fully reflected in revenue. The company expects a return to normal levels once the equity transfer is completed in July.
Xinzhuo Global has seen stable growth in Taiwan due to its long-term market operations. In China, the company has been expanding aggressively into East China (Shanghai), Central China (Wuhan), and North China (Tianjin), targeting large manufacturing clients. Since May, it has been receiving and shipping orders, with optical products set to ship in July. This has resulted in a more than 5% increase in June revenue, and the "Bao Dashi" stores in China have shown monthly profitability.
New Chairman Jiang Wenrong of Xinzhuo Global stated that, in addition to focusing on high-end clients and collaborating with major Chinese e-commerce platforms to expand packaging material distribution, the company expects the second half of the year to outperform the first half. |
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