 2015-12-11 |
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Due to declining oil prices, which have suppressed prices and buying power, YC (4306) reported a revenue of 1.424 billion TWD in November, a 7.89% decrease from the previous month. Achem (1715) also saw a decline, with November revenue of 972 million TWD, down 5.51% month-over-month. Xinzhu Global (3171) experienced stable orders for packaging materials in Taiwan, resulting in a November revenue of 153 million TWD, an 8.05% increase from the previous month. However, year-to-date revenue through November decreased by 2.45%.
For the first eleven months of the year, YC’s revenue fell by 10.82% due to ongoing risks associated with low oil prices, which have exacerbated losses in its film business.
Achem reported that continued declines in oil prices have led to lower product prices, resulting in a 12.73% year-over-year decline in revenue for the first eleven months. However, the lower oil prices have also reduced production costs, keeping the gross margin and profitability stable. With the benefits of vertical integration beginning to materialize and stable export orders, the company expects operations to stabilize next year.
Xinzhu Global noted plans to strengthen its presence in the previously overlooked Hualien and Taitung regions and expand its product portfolio. In China, the company anticipates starting shipments by the end of this year or early next year due to orders from key large clients, which will boost operational momentum. |
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