 2015-11-12 |
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"Xinzhu Surpasses Last Year's Annual Profit in First Three Quarters; EPS at NT$1.27; Optimistic Outlook for Next Year"
November 12, 2015, 17:13
Xinzhu Global (3171), a subsidiary of Taiwan's leading tape manufacturer YC Group, reported a consolidated revenue of NT$453 million and a net profit after tax of NT$23 million for the third quarter of 2015. The quarterly EPS is NT$0.40. For the first three quarters of the year, Xinzhu Global accumulated revenue of NT$1.28 billion, with a net profit after tax of NT$75 million and an EPS of NT$1.27.
Xinzhu noted that the annual net profit after tax for 2014 was NT$58 million, with an EPS of NT$1.15. By the end of Q3 this year, the company has already surpassed last year's annual profit. Additionally, as of the end of Q3, the company's net asset value per share stands at NT$10.31, allowing it to resume credit trading.
In Taiwan, packaging material orders are stable. The company is also restructuring its sales points in China, focusing on large, key manufacturing clients. The brand "Packaging Master" continues to promote its image across Taiwan, China, and Hong Kong, gradually expanding into important regions in China. This has contributed to strong operational performance this year.
Looking ahead, Xinzhu plans to gradually expand 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. Several large clients are expected to complete product certification by early next year and begin placing orders. The company anticipates a growth of 20-30% next year. |
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