 2015-09-10 |
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The stabilization of oil price fluctuations has led to a rebound in YC Group’s (4306) August revenue performance. Achem (1715) saw consolidated revenue of NT$1.03 billion in August, up 1.76% from July, due to the recognition of revenue from factory relocation starting in July, along with a gradual recovery in the Chinese market, which boosted demand in the tape market. Xinzho Global (3171) also saw August revenue increase by 2.11% from July, reaching NT$150 million.
However, Everlight Chemical (1711) experienced a revenue decline due to adjustments in the pigment market, along with a cooling in demand for other product lines. August revenue fell to NT$678 million, a month-on-month decrease of 18.67% and a year-on-year decline of 14.01%. Notably, only the toner segment saw a year-on-year increase of 20%, while pigments and specialty chemicals dropped by 14% and 16%, respectively. Electronic chemicals and active pharmaceutical ingredients faced pressure with decreases of 39% and 41%, respectively.
YC reported August revenue of NT$1.604 billion, down 3.09% month-on-month. While the company has been affected by an oversupply in the Chinese film market, which led to price drops, a slight recovery in international oil prices helped stabilize Yen Zhou’s revenue. If oil prices stop falling and recover, overall operational performance is expected to gradually stabilize.
Xinzho Global adjusted its sales strategy in the Chinese market this year, not only maintaining its existing customer base but also targeting large manufacturers to expand its customer base. This led to significant growth in operations in China, coupled with stable performance in Taiwan. Third-quarter revenue is expected to surpass previous levels.
Everlight Chemical noted that August’s pigment sales were similar to July’s, with volumes slightly increasing compared to last year. However, the higher base price of pigments last year resulted in a revenue decline. Due to weak market conditions in the electronics industry, customers are adjusting inventories, leading to larger decreases in electronic chemicals.
In response to the significant decline in the pigment market this year, Everlight is actively exploring other product lines. For the first eight months of the year, revenue from nanochemicals fell by 59%, while pigments and pharmaceutical chemicals faced declines of 18% and 12%, respectively. However, Everlight’s toner segment achieved 12% year-on-year growth, and specialty chemicals also saw a 7% increase in revenue during the same period. |
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