YC Group Quarterly Financial Report: Hsinchu Global Grows Against the Trend
2016-08-18
August 16, 2016, 04:10 AM
By Peng Xuan-yi, Taipei
Due to market constraints and operational adjustments, YC Group (4306) saw only Hsinchu Global (3171) achieve growth in the second quarter, with a 36% quarter-on-quarter increase. Achem (1715) reported a quarterly EPS of NT$0.04, while YC experienced a loss with an EPS of -NT$0.06. Looking at the first half of the year, Hsinchu Global led with an EPS of NT$0.78, followed by Achem with NT$0.22, and YC with an EPS of NT$0.08.
Hsinchu Global has adjusted its operational strategy in mainland China, targeting large enterprises and entering the supply chains for wire and optoelectronic packaging materials. The company expects its gross margin to remain above 20% this year and aims to exceed last year’s EPS of NT$1.40.
YC has announced the sale of its office building on the 8th floor, along with parking spaces, located in Section 5 of Tanmei, Neihu District. The building has an area of 315.05 ping and includes 8 parking spaces. The anticipated gain from the sale is NT$77.73 million, which will help activate assets and improve financial structure.
(Commercial Times)
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