Targeting Major Clients Pays Off: Xinzhu Global Surpasses Last Year’s Earnings in First Three Quarters
2015-11-12
Xinzhu Global, a subsidiary of YC Group and a leader in tape manufacturing, announced its Q3 consolidated revenue at NT$453 million, with a net profit after tax of NT$23 million and an EPS of NT$0.40. For the first three quarters of this year, the EPS reached NT$1.27, a 54% increase compared to the same period last year and surpassing last year's total EPS of NT$1.15. As of Q3, the company's net asset value per share stands at NT$10.31, qualifying it to resume credit trading.
Xinzhu Global's packaging material orders in Taiwan have remained stable. However, the company’s strategy of targeting major manufacturers in China and gradually expanding its presence through its brand "Packaging Master" has been key to its improved performance this year. Analysts estimate that with increasing orders from major clients and new orders from the optoelectronics sector, the outlook for Q4 remains optimistic.
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