 2012-07-11 |
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YC (4306) reported that in May and June, significant drops in raw material prices led customers to adopt more conservative ordering practices to mitigate risks from inventory devaluation. June revenue was NT$385 million, a 25% decrease from May and a 13.5% year-over-year decline. For Q2, revenue was NT$1.423 billion, down 4.56% from Q1's NT$1.488 billion. However, for the first half of the year, revenue totaled NT$2.911 billion, reflecting a 6.54% year-over-year increase.
Since YC’s core revenue comes from supplying BOPP film for tape production, downstream customers have reduced their purchases to avoid losses from devaluation. Nevertheless, consolidated revenue, which includes products from the Chinese market such as finished tape products and packaging materials, provided more support for overall revenue.
In June, consolidated revenue fell only 1.63% to NT$1.591 billion, an 8.87% year-over-year decline. Q2 consolidated revenue was NT$4.808 billion, up 4.43% from Q1's NT$4.604 billion. The consolidated revenue for the first half of the year reached NT$9.412 billion, a 3.17% increase compared to the same period last year.
Looking ahead to the second half of the year, YC noted that the global economic outlook remains uncertain, with demand still appearing weak. Although recent stabilization and rebound in oil prices may drive downstream stock replenishment, the company maintains a cautious outlook for Q3 performance. |
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