Xinzhu Global, a Subsidiary of YC, Surpasses Last Year's Annual Profit in First Three Quarters
2015-11-12
Xinzhu Global (3171), a subsidiary of YC Group, announced today (12th) that its consolidated revenue for Q3 reached 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, Xinzhu Global accumulated a revenue of NT$1.28 billion, with a net profit after tax of NT$75 million and an EPS of NT$1.27, surpassing the total profit for the entire previous year.
As of the end of Q3, Xinzhu Global's net asset value per share is NT$10.31, qualifying it to resume credit trading. The company's packaging material orders in Taiwan remain stable. Additionally, Xinzhu Global has restructured its sales points in China, focusing on large, key manufacturing clients, and continues to promote its brand "Packaging Master" across Taiwan, China, and Hong Kong. This strategic expansion into important regions in China has led to strong operational performance this year.
Xinzhu Global expects continued growth as large existing clients increase their orders and new clients in the optoelectronics sector gradually place their orders. The outlook for Q4 remains positive.
Looking forward, Xinzhu Global will begin expanding into the tourism packaging market in Hualien and Taitung, as well as in central and southern Taiwan. In China, the company will establish service points in economic development zones in East, North, Central, and South China. With several large clients expected to complete product certification by early next year and start placing orders, it is estimated that the company will achieve a growth of 20-30% next year.
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