 2017-08-11 |
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Taiwan's leading tape manufacturer YC Group has announced its financial results for the first half of 2017. For the first half of 2017, Xinzhou Global (3171) reported consolidated revenue of NT$776 million, a net profit after tax of NT$16 million, and earnings per share (EPS) of NT$0.26. Achem (1715) reported consolidated revenue of NT$5.300 billion, a net profit after tax of NT$22 million, and EPS of NT$0.06. YC (4306) reported consolidated revenue of NT$8.632 billion, a net profit after tax of NT$109 million, and EPS of NT$0.25.
Xinzhou Global revenue for the first half of the year was NT$776 million, with a net profit of NT$16 million. Revenue declined by 8% compared to the same period last year, and EPS was NT$0.26. The decline in Xinzhou Global's operations was mainly due to reduced overall demand and oversupply in mainland China, which led to stagnation in goods supply and circulation. Additionally, rising raw material costs contributed to decreased profitability. Looking ahead, with the peak season for cloud business acceptance and high demand for electronic and food packaging materials in Taiwan in the second half of the year, the company is expected to return to a growth trend.
Achem reported consolidated revenue of NT$5.300 billion for the first half of the year, with a net profit after tax of NT$22 million. Revenue decreased by 5% compared to the same period last year, and EPS was NT$0.06. Achem's tape business remained stable, maintaining steady profitability. However, approximately 70% of Wan Zhou Chemical's revenue is from exports, and the strong appreciation of the New Taiwan Dollar during the first half of the year led to foreign exchange losses and a decline in revenue. Looking forward, with exchange rates stabilizing and continued growth in export orders, the company is expected to rebound in the second half of the year.
YC reported consolidated revenue of NT$8.632 billion for the first half of the year, with a net profit after tax of NT$109 million. Revenue increased by 1% compared to the same period last year, and EPS was NT$0.25. YC's operations in the Taiwanese film and tape business continued to be profitable. Looking ahead, with stable crude oil and raw material 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 be cautiously optimistic about overall operations. |
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