 2016-04-01 |
|
|
Stocks: YC (4306) Reports NT$0.73 EPS for Last Year; Subsidiary Achem to Begin Mass Production, Expecting Stable Performance This Year
April 1, 2016, 10:50 AM
YC (4306) announced a revenue of NT$17.56 billion for last year, with a net profit of NT$3.63 billion and earnings per share (EPS) of NT$0.73. Its subsidiary Achem (1715) reported consolidated revenue of NT$11.97 billion, with a net profit of NT$1.99 billion and EPS of NT$0.49. Another subsidiary, Xinzhou (3171), had consolidated revenue of NT$1.73 billion and a net profit of NT$0.83 billion, with an EPS of NT$1.41.
Despite facing pressure from falling oil prices and weak demand in the Chinese market, YC's performance stabilized due to gains from asset sales and the appreciation of investment properties. Looking ahead, if oil prices remain stable and its subsidiary Wangzhou Development's project "Wangzhou More" continues to generate revenue from completed units, and with its investment in WanZhou Petrochemical commencing mass production, the company expects stable performance this year.
Achem, although affected by a sluggish domestic market in China last year, saw growth driven by stable orders from the Americas and the Middle East, boosting its core tape business. With the Hai'an plant expected to start mass production in the second quarter and raw material prices remaining low, Achem is projected to drive overall operational growth this year.
Xinzhou's performance in Taiwan’s packaging sector remains stable. The company is also restructuring its sales strategy in China to target key large manufacturers. It plans to expand into tourism packaging markets in eastern and southern Taiwan and venture into e-commerce. In China, Xinzhou will establish service points in economic development zones across East, North, Central, and South China, with expectations for significant growth in both revenue and profit this year. |
|
