 2015-09-10 |
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Taiwan's leading tape manufacturer, YC Group (4306), announced consolidated revenue of NT$1.604 billion for August, a 3.09% decrease from the previous month and a 4.78% decrease year-on-year. Cumulative consolidated revenue for the first eight months reached NT$11.921 billion, down 11.06% year-on-year. The group's subsidiary, Achem (1715), reported consolidated revenue of NT$1.03 billion for August, a 1.76% increase from the previous month but a 10.65% decrease year-on-year, with cumulative revenue for the first eight months reaching NT$7.935 billion, down 14.07% year-on-year. Xinzho (3171) achieved consolidated revenue of NT$150 million in August, a 2.11% increase from the previous month and a 1.78% increase year-on-year, with cumulative revenue for the first eight months at NT$1.13 billion, down 2.2% year-on-year.
YC stated that while the company has been affected by an oversupply in the Chinese film market, which has led to product price declines, the slight recovery in international oil prices has stabilized revenue performance. If oil prices stop falling and begin to recover, the overall operational performance is expected to gradually stabilize.
Achem began recognizing revenue from its factory relocation in July, and as market conditions in China gradually improve, demand in the tape market is increasing, resulting in better revenue performance in August compared to July. The company also expects that if oil prices stop declining, overall operations should improve slightly in the second half of the year.
This year, Xinzho adjusted its sales strategy in the Chinese market. In addition to maintaining its existing customer base, it is targeting large manufacturers to expand its new customer base, leading to significant growth in its operations in China. Meanwhile, operations in Taiwan remain stable. As a result, the company expects this quarter's revenue performance to surpass the previous quarter. |
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