 2017-06-12 |
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Taiwan's leading tape manufacturer YC Group has announced its revenue performance for May. YC (4306) reported consolidated revenue of NT$1.469 billion for May, a decrease of 1.85% from the previous month. Its subsidiary Achem (1715) reported consolidated revenue of NT$903 million for May, up 6.85% from the previous month. Xinzhou Global (3171) reported consolidated revenue of NT$128 million for May, a decrease of 2.48% from the previous month.
Xinzhou Global (3171) experienced a decrease in overall revenue for May due to stable demand for packaging materials in Taiwan but reduced delivery volumes in mainland China. The adjustment of customer structures in mainland China and ongoing product certifications for medium and large customers affected revenue. Looking ahead to the second half of the year, with the peak season for cloud business acceptance and the completion of customer structure adjustments and certifications, the company is expected to maintain stable growth.
Achem (1715) benefited from the continued recovery of orders in the Middle East, the Americas, and mainland China, as well as improved operational efficiency at its Haian plant, leading to a 6.85% increase in overall revenue for May. Looking forward, with continued growth in export orders, the company is expected to maintain gradual growth.
YC (4306) saw a 1.85% decrease in overall revenue for May compared to the previous month, despite stable growth in its film and tape businesses. The decline was due to falling raw material prices affecting Achem's petrochemical revenue. Looking ahead, with stable oil prices and the anticipated profit boost from the completion of the Linkou Ultra-premium Project in the second half of the year, the company is expected to experience significant growth. |
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