 2016-03-10 |
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Due to fewer working days during the Lunar New Year, YC Group (4306), Achem (1715), and Xinzhou (3171) all saw a decline in revenue for February compared to the same period last year, with decreases of 5.49%, 7.24%, and 6.58%, respectively. YC Group anticipates that the stabilization of international oil prices and the rebound in raw material prices, combined with inventory replenishment by clients, will positively impact performance starting in March.
YC and Achem noted that with raw material prices rebounding and increased inventory orders from clients, March revenue is expected to show significant improvement compared to February. As the second quarter approaches, which is typically a peak demand season, the operational outlook is optimistic, with revenue expected to increase sequentially in the first half of the year.
Additionally, Xinzhou's February revenue decline was influenced by fewer working days during the Lunar New Year and low raw material prices. However, the revenue for the first two months still grew by 4.39% compared to the same period last year. With the resumption of work and buying activity after the Lunar New Year in China, and the gradual shipment of orders from key major clients, Xinzhou aims to achieve a 20-30% annual growth in performance this year. |
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