 2015-09-09 |
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YC Group (4306-TW) announced its consolidated revenue for August today (9th), showing that excess capacity in the Chinese market offset the slight rise in international oil prices, resulting in overall flat performance. However, its subsidiaries, Achem (1715-TW) and Xinzho Global (3171-TW), saw month-on-month revenue increases of 1.76% and 2.11%, respectively. YC stated that if oil prices stabilize in the future, overall operations in the second half of the year could slightly improve.
The Chinese film market is facing an oversupply, leading to price declines, but the slight rebound in international oil prices has helped YC maintain stable revenue. August's consolidated revenue was NT$1.604 billion, a 3.09% decrease compared to the previous month.
Achem's consolidated revenue for August was NT$1.03 billion, a 1.76% increase from July, primarily benefiting from the recognition of revenue from factory relocation starting in July. Additionally, the gradual recovery of the Chinese market boosted demand in the tape market, resulting in better revenue performance compared to the previous month.
Xinzho Global reported consolidated revenue of NT$150 million for August, a 2.11% increase from the previous month. YC explained that Xinzho has adjusted its sales strategy in the Chinese market this year. In addition to maintaining its existing customer base, it is targeting large manufacturers to expand its new customer base, leading to significant growth in operations in China. Meanwhile, operations in Taiwan have remained stable, and the company expects this quarter's revenue to outperform the previous quarter. |
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