 2013-05-15 |
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Economic Daily News / Reporter Yih-Lang Chou / Taipei Report Benefiting from the peak construction season in various parts of China and the gradual recovery of the global economy, YC (4306) reports that market demand is gradually picking up. The company anticipates stable growth for its subsidiaries, including YC and ACHEM, in the second quarter.
Recently, Xinzhou Global, a subsidiary of YC, announced its first-quarter financial report, showing earnings per share of NT$0.86. This has attracted significant market investment, with the stock price reaching NT$17.15 last Friday. If buying momentum continues strongly next week, it is expected to surpass the highest price of NT$17.95 achieved since YC's acquisition. Xinzhou Global reached breakeven last year, and analysts expect it to start turning a profit this year.
Since YC acquired Tianchi Technology and renamed it Xinzhou Global, it has focused on developing the packaging materials market. The "Packaging Master" stores are set up as convenient packaging shops selling YC and ACHEM products, as well as representing well-known international brands. The company has also established an online store, creating a professional platform for packaging materials with prices over 10% lower than retail stores, offering a competitive pricing advantage. |
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