 2018-01-09 |
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Taiwanese tape leader YC Group announced its December 2017 revenue performance. YC (4306) reported a consolidated revenue of NT$2.56 billion in December, up 55.18% from the previous month. Xinzhou Global (3171) achieved a consolidated revenue of NT$153 million in December, an increase of 1.05% compared to the previous month.
Xinzhou Global's December revenue remained stable due to high demand for packaging materials in Taiwan during the peak season and revenue recognition from completed cloud projects. Looking ahead to the next year, demand for electronic and food packaging in Taiwan is expected to remain strong, and Xinzhou’s packaging business in China is anticipated to return to a growth trend, with stable growth projected.
For YC (4306), high crude oil prices kept film and tape export performance at elevated levels, and the recognition of revenue from the completion of the Linkou Premium project contributed to a significant increase in December’s consolidated revenue. Looking forward, continued growth in export orders for tape and film, coupled with stable rising raw material prices, is expected to improve the operations of Wanzhou Petrochemicals, achieving breakeven. Additionally, profits from the Linkou Premium project and gains from the sale of LGL shares are expected to gradually contribute to overall performance in the first quarter, leading to an optimistic outlook for the company's future operations. |
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