 2016-05-16 |
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"Popular Stocks: YC Group Q1 Financial Report, Hsinchu Global is the Most Profitable"
May 16, 2016, 09:46
Business Times, Taipei Report by Wang Yi-xin
YC Group has announced its Q1 financial report, with Hsinchu Global (3171) leading in profitability, achieving an EPS of NT$0.33 per share. Achem (1715) and YC (4306) followed with EPS of NT$0.18 and NT$0.15, respectively. Looking ahead to Q2, continued growth in shipments is expected to gradually improve operational performance.
In Q1, YC's consolidated revenue reached NT$3.96 billion, with a net profit after tax of NT$66 million and an EPS of NT$0.15. Achem's Q1 consolidated revenue was NT$2.68 billion, with a net profit after tax of NT$74 million and an EPS of NT$0.18. Hsinchu Global reported Q1 consolidated revenue of NT$410 million, with a net profit after tax of NT$20 million and an EPS of NT$0.33.
Achem saw an 11% year-on-year increase in net profit for Q1, with EPS also growing compared to the previous year. The company benefited from lower raw material costs in Q1 and stable export orders from the Americas and the Middle East. Despite currency exchange losses, overall gross margin and profitability improved from last year. Achem anticipates continued stable growth in Q2 due to rising raw material prices and increased end-demand driving up shipment volumes.
Hsinchu Global experienced a 6% year-on-year increase in revenue for Q1, primarily due to adjustments in the customer base in mainland China, focusing on medium to large target clients, which stabilized overall operations. However, revenue growth in Taiwan was slower due to the economic downturn and increased interest and management expenses from recent property acquisitions. Looking ahead, after adjusting operations in Q1, and with strong order momentum from mainland China in the second half of the year, Hsinchu Global expects improved profitability and performance in the latter half of the year.
YC benefited from rising raw material prices and stabilized crude oil prices, leading to significant growth in its film business. With these trends continuing into Q2, overall operations are expected to keep improving. |
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