Wed, Jul 04, 2012 - Page 13 News List

Wintek announces weaker-than-expected monthly revenue on product transitions

By Amy Su and Crystal Hsu  /  Staff reporters, with CNA

Wintek Corp (勝華科技), one of Apple Inc’s touch-panel suppliers, yesterday posted weaker-than-expected revenue for last month on the impact of major clients’ product transition.

Consolidated sales totaled NT$5.22 billion (US$174.66 million) last month, down 28.19 percent and 33.58 percent from a year and a month earlier respectively, the company said in a statement.

The results confirmed the conservative outlook for the third quarter that company chairman Hyley Huang (黃顯雄) shared with local media after the company’s annual shareholders’ meeting last week in Miaoli.

Shipments of handset touch panels were to be capped by major clients’ product transition, Huang said last week.

Wintek spokesman Jay Huang (黃忠傑) said last month the company did not expect big growth in revenue for the second half of this year, as “no seasonal growth will be expected.”

However, the net margin would improve at a faster pace as tablet and PC touch panels deliver a better profit margin than those for cellphones, he added.

Consolidated revenue slid more than 20 percent from a quarter earlier to total NT$22.4 billion in the April-to-June period, which was lower than the NT$25 billion to NT$25.5 billion in sales estimated by market researchers.

In the first six months, consolidated sales stood at NT$51.17 billion, up 20.37 percent from a year ago, a company statement showed.

Meanwhile, Elan Microelectronics Corp (義隆電), a Taiwanese manufacturer of chips and touch screens, yesterday posted record high revenue of NT$1.89 billion for the second quarter, on the back of strong demand for devices used in tablet PCs and smartphones.

The figure meant an almost 30 percent increase from the first quarter and beat Elan’s own forecast of NT$1.73 billion, the company said in a statement.

Revenue picked up 6 percent from May to NT$680 million in June, hitting a new high for the second month running, driven by increased shipments of touchpad products, the Hsinchu-based company said.

Looking forward, Elan said it expects sales to climb even higher this quarter based on current order visibility, although end-market customers have turned conservative amid global economic uncertainty.

Shares in Wintek rose 1.22 percent to NT$16.55, while Elan’s shares closed up 0.69 percent at NT$43.5 yesterday, the Taiwan Stock Exchange’s data showed.

So far this year, Wintek’s share price has dropped 23.02 percent while Elan’s stock price has surged 77.19 percent, compared with the TAIEX’s 4.9 percent rise over the same period.

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