Wed, Sep 03, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with agencies

Wintek monthly revenue dips

Wintek Corp (勝華), which supplies touchpanels for Xiaomi Corp (小米) smartphones as well as for Amazon Inc and Google Inc tablets, yesterday said revenue fell 15.71 percent to NT$5.52 billion (US$18.43 million) last month, compared with July’s NT$6.54 billion.

August revenue hit the lowest level since February this year. On an annual basis, Wintek’s revenue shrank 3.2 percent from NT$5.7 billion.

In the first eight months of the year, Wintek reported consolidated sales of NT$49.18 billion, up 3.8 percent from NT$47.37 billion for the same period of last year.

Ichia low-key on client delays

Handset keypad maker Ichia Technologies Inc (毅嘉科技) on Monday reported a lower-than-expected revenue for last month, as consumer electronics-related product shipments were pushed back this quarter due to major clients’ product launch delays.

Consolidated revenue was NT$826 million last month, down 19 percent from August and 1.49 percent from the same month last year, the company said in a filing with the Taiwan Stock Exchange.

For the first eight months, the company’s consolidated revenue totaled NT$7.797 billion, up 30.51 percent year-on-year.

First Capital Management Inc (第一金證券投顧) forecast that the company would see revenue grow by 20.6 percent annually to NT$11.5 billion this year.

Solartech brightens in rebound

Solar cell maker Solartech Energy Corp (昇陽科技) yesterday said sales last month rose 19.84 percent from a month earlier and 6.09 percent from a year earlier to NT$690 million.

Last month’s increase followed a 30 percent monthly decline seen in July due to market worries over US antidumping tariffs on Taiwanese solar cell and solar panel makers. In the first eight months of the year, Solartech’s consolidated sales totaled NT$6.61 billion, up 65.47 percent from a year earlier.

Solartech said last month’s results showed that customers were willing to buy Taiwan’s solar energy products as the antidumping tariff impact began to fade, adding that the company’s sales could continue rising this month as production capacity for the month could exceed utilization rates of 90 percent.

Ghost Month wrecks car sales

New car sales rose 8.79 percent last month from a year earlier to 23,181 vehicles, but the figure was down 48.65 percent from July, according to the latest statistics compiled by Chunghwa Telecom Co’s (中華電信) data communication branch.

The monthly decline was attributed to the avoidance of major purchases by Taiwanese consumers during Ghost Month — the seventh month on the lunar calendar, which lasted from July 27 to Aug. 24 this year — to avoid bad luck.

Hotai Motor Co (和泰汽車), the local sales agent for Toyota Motor Corp, remained the top vendor domestically, selling 6,187 units last month for a 26.7 percent market share, the data showed.

Invention show nears: TAITRA

The Taipei International Invention Show and Technomart, the largest invention show in Asia, is set to be held at the Taipei World Trade Center Exhibition Hall from Sept. 18 until Sept. 21.

About 600 exhibitors from 15 countries are expected to attend this year’s event, which is likely to attract an estimated 100,000 domestic and foreign potential buyers, according to the Taiwan External Trade Development Council.

This year, the event is to include two major exhibition areas: One for innovative products from an invention contest and one for technology trade and exchange, the council said.

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