Electronic components manufacturer Eson Precision Industry Co (乙盛精密) yesterday said its revenue would continue growing this quarter and the momentum would extend into next year due to strong demand for automotive components and those used in cloud-based servers.
Revenue totaled NT$7.29 billion (US$234.9 million) in the first three quarters of the year, up 10.2 percent from the same period last year, the China-based Hon Hai Group (鴻海集團) subsidiary told an investors’ conference in Taipei.
About 70 percent of Eson’s orders came from Hon Hai Group, with its other customers including Sony Corp, Sharp Corp, Vizio Inc and Ford Motor Co.
The company’s sales breakdown for the first three quarters of the year was 78.07 percent TV components, 13.65 percent automobile parts and tooling, and 5.22 percent servers and telecommunications, while the remainder was other electronic components.
Eson said liquid-crystal modules for TVs would keep growing next year, without giving an exact guidance.
The company said it has also penetrated the global auto market’s supply chain and expects sharp revenue growth in this segment, thanks to rising orders from electric vehicle makers, as well as the completion of a new factory and equipment installation.
The company said earlier that it plans to complete its Mexico crane facility this year, and that its 1,000 and 2,000-tonne stamping machines should also be fully installed by the end of this year. In addition, a new crane facility in Kunshan, Jiangsu Province, China, is likely to start manufacturing automotive tooling in-house next year.
The company reported net income of NT$154.69 million (US$4.98 million) last quarter, up 52.22 percent from the previous year’s NT$101.62 million and 19.83 percent from the previous quarter’s NT$129.09 million.
Earnings per share were NT$0.89 last quarter and NT$2.2 for the first three quarters of the year, the company said.
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