 2016-06-13 |
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June 13, 2016
YC, Achem, and Hsinchu Global All Report Revenue Declines in May Compared to April, but Outlook for the Second Half of the Year Remains Cautiously Optimistic
[Financial News Flash / Report by Wu Cai-lian]
YC Group announced its revenue performance for May. YC (4306) reported consolidated revenue of NT$1.522 billion in May, a month-on-month decrease of 7.59% and a year-on-year increase of 1.36%. For the first five months of the year, total revenue amounted to NT$7.13 billion, a slight decrease of 0.15% compared to the same period last year. Achem (1715) posted consolidated revenue of NT$950 million in May, a month-on-month decrease of 2.7% and a year-on-year decrease of 10.02%. For the first five months, total revenue was NT$4.61 billion, down by 5.32% from the previous year. Hsinchu Global (3171) recorded consolidated revenue of NT$140 million in May, a month-on-month decrease of 6.7% and a year-on-year decrease of 4.24%. The cumulative revenue for the first five months was NT$703 million, an increase of 3.93% compared to the same period last year.
Achem's revenue in May was affected by the May Day holiday, leading to a slowdown in order demand. However, with the Hainan plant set to commence full-scale production in the second half of the year and stable raw material prices, revenue is expected to rise quarter by quarter.
Hsinchu Global experienced a slight revenue decline due to the overall economic downturn in Taiwan and a slowdown in orders from the food industry. Looking ahead, with improving market conditions and the completion of adjustments to the customer base in mainland China, along with shipments from several medium to large customers, the company expects strong performance in the second half of the year.
YC anticipates a cautious but optimistic outlook for the second half of the year, with oil prices stabilizing and petrochemical raw materials recovering. As the second quarter sees an increase in demand for plastic products, if oil prices remain stable without significant fluctuations or further declines, the company expects a favorable performance in the latter half of the year. |
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