 2017-10-11 |
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Taiwan's leading tape manufacturer YC Group has announced its revenue performance for September. YC (4306) reported consolidated revenue of NT$1.719 billion for September, up 15.15% from the previous month. Its subsidiary Achem (1715) reported consolidated revenue of NT$1.012 billion for September, up 0.88% from the previous month. Xinzhou Global (3171) reported consolidated revenue of NT$133 million for September, down 2.38% from the previous month.
Xinzhou Global (3171) experienced a slight decrease in overall revenue for September, down 2.28% from the previous month, due to inventory adjustments by customers in mainland China. However, looking ahead to the fourth quarter, which is a peak season for cloud business acceptance and high demand for electronic and food packaging materials in Taiwan, 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 the improved operational efficiency at its Haian plant. This resulted in September's revenue remaining relatively high, up 0.88% from the previous month. Looking ahead, with the continued increase in export orders, operational performance is expected to continue gradual growth.
YC (4306) saw a 15.15% increase in overall revenue for September compared to the previous month, due to stable tape and film business operations and increased revenue from Achem's petrochemical operations due to higher selling prices. Looking ahead, with stable crude oil and raw material prices and the expected profit boost from the completion of the Linkou Ultra-premium Project in the fourth quarter, the overall operation is expected to be cautiously optimistic. |
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