Resins and composite materials manufacturer Swancor Holding Co Ltd (上緯投控) expects this quarter’s revenue to remain the same as last quarter despite the effects of traditional seasonality, after last quarter’s revenue was the highest in the company’s history.
Third-quarter revenue was NT$3.01 billion (US$104.44 million), up 27.5 percent from the previous quarter and 95.7 percent from a year earlier, due to increased orders for its wind power resins and carbon-fiber composite materials, the company told an investors’ conference in Taipei on Thursday.
The company’s fine chemicals business reported that its revenue last quarter rose 66.22 percent year-on-year to NT$2.51 billion, accounting for 83 percent of Swancor’s overall revenue, while its carbon fiber business reported that revenue surged 1,570 percent to NT$501 million, contributing 17 percent of its total revenue.
Photo: Chang Hui-wen, Taipei Times
Swancor’s better-than-expected sales outlook for this quarter came after its consolidated revenue for last month reached a record high of NT$1.16 billion, up 3.76 percent month-on-month and 118.04 percent year-on-year.
The company’s revenue has reached record highs for seven consecutive months, indicating sustained order growth and bringing cumulative revenue in the first 10 months to NT$5.15 billion — an annual increase of 48.03 percent, it said.
Swancor chairman Robert Tsai (蔡朝陽) said that the company remains positive about its outlook for next year, forecasting that sales of its carbon-fiber composite materials would grow as much as 80 percent, and sales of its environmental protection and anti-corrosion materials would increase 10 to 20 percent.
As for sales of wind turbine blade resins, Tsai said that the company expects to maintain flat growth in China this year, but it has nonetheless secured two clients outside of China to help contribute to its revenue next year.
The company’s goal is to become a world leader of wind power materials by 2022 and secure more than 25 percent of Asia’s anti-corrosion materials market by 2025, Tsai said.
The company also aims to take more than 25 percent of the global blade materials market and 30 percent of the global market for carbon-fiber composite materials used for wind power by 2025, he added.
Swancor’s carbon-fiber composite materials business would continue to benefit from wind turbines getting larger and the rapid growth of offshore wind power demand, analysts said.
The company would likely penetrate the supply chain of international vendors, as it has received orders from MHI Vestas Offshore Wind A/S, they said.
Swancor reported net profit of NT$221.19 million in the third quarter, down 11.2 percent quarter-on-quarter, but up 381 percent year-on-year. That translated into earnings per share of NT$2.41.
In the first three quarters, net profit totaled NT$516.22 million, up from NT$462.52 million a year earlier, while earnings per share were NT$5.63 over the period.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
POWER BUILDUP: Powered by Nvidia’s B200 Blackwell chips, the data center would support MediaTek’s computing power demand and business growth, the company said Smartphone chip designer MediaTek Inc (聯發科) yesterday launched a new artificial intelligence (AI) data center with a maximum capacity of 45 megawatts to meet its rising demand for computing power required to develop new advanced chips for AI applications. The company has completed the first-phase computing power buildup at the data center in Miaoli County’s Tongluo Township (銅鑼), providing 15 megawatts of capacity to support its research and development (R&D) capabilities, despite an industrywide shortage of key components, MediaTek said. Supply constraints have plagued a wide range of key components, including memory chips, solid-state drives, power supply units and central
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu
RSS