 2015-11-25 |
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Xinzhu Global (3171), a subsidiary of YC Group, has been experiencing a series of positive developments recently. In addition to a strong financial report for the third quarter, the company has successfully restored its credit trading status. Chairman Jiang Wenrong anticipates that China will continue to achieve high growth next year and aims to balance profit contributions between China and Taiwan to a 1:1 ratio within the next five years.
In the third quarter of this year, Xinzhu Global reported a profit of 0.23 billion NT dollars, with earnings per share (EPS) of 0.4 NT dollars, reflecting a year-on-year growth of over 30%. For the first three quarters, the total profit was 0.75 billion NT dollars, with an EPS of 1.27 NT dollars, representing a 54% year-on-year increase and surpassing last year’s total profit.
Jiang Wenrong stated that in Taiwan, the company will focus on developing the previously overlooked Hualien and Taitung areas to maintain a higher market share. In China, besides adjusting its business strategy to target large key customers, Xinzhu will also expand to new locations in Guangdong and Shandong. The company has already received large orders from wire and optoelectronics industries and expects to start shipments in the first quarter of next year. This is expected to significantly boost both revenue and profit growth in the Chinese market. |
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