Fri, Jan 03, 2014 - Page 14 News List

Wintek’s income beats estimates

By Lisa Wang  /  Staff reporter

Wintek Corp (勝華), which supplies touchpanels to Amazon.com and Xiaomi Corp (小米), yesterday posted 37 percent quarterly growth in revenue for last quarter, boosted by robust demand for touchpanels used in tablets and notebook computers.

The growth rate surpassed Credit Suisse’s forecast of a 21 percent quarterly increase and the 10 percent increase estimated by Macquarie Capital Securities Ltd.

Revenue shot up to NT$23.29 billion (US$777 million) in the quarter ending Dec. 31 from NT$17.05 billion in the third quarter last year, after posting NT$7.55 billion in revenue for last month.

Last month’s revenue grew 7.56 percent from NT$7.02 billion a year ago but shrank 11.39 percent from November’s NT$8.52 billion on seasonal factors.

“The quarterly results match our expectations. We have seen strong customer demand since the third quarter, but the momentum only reflected on the fourth-quarter’s figure as component shortage limited our [shipment] growth previously,” company spokesman Jay Huang (黃傑洲) said by telephone.

“Touchpanels used in tablets show the strongest growth in the fourth quarter,” Huang said.

Touchpanels used in tablets and notebooks made up about 35 percent to 40 percent of revenue in the third quarter last year. The share climbed more than 10 percent this quarter, Huang said.

Wintek shares rallied 1.92 percent to NT$10.6 yesterday, hitting a one-month high and outperforming the TAIEX, which rose 0.01 percent.

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