Wire harness maker BizLink Holding Inc (貿聯控股) yesterday posted revenue of NT$4.01 billion (US$130.6 million) for last month, up 39.31 percent year-on-year.
That helped the company’s full-year revenue increase 87.08 percent from 2021 to NT$53.66 billion, a record for the company.
Silicon Valley-headquartered BizLink supplies cable assemblies, wire harnesses and high-speed transmission lines for use in vehicles, information technology products, electrical appliances and industrial devices, as well as medical, solar and telecom equipment. It is the sole supplier of wiring harnesses for battery management systems in Tesla Inc’s electric vehicles.
Photo: AFP
Last month’s revenue was 16.2 percent down from November last year mainly due to the effect of year-end holidays, the company said in a statement.
“Overall shipments [last month] fell as many people took their year-end holiday vacation,” BizLink said.
However, as some peripheral clients pulled goods from the company’s inventory hubs and shipped to their customers, it helped reduce the year-end holiday vacation slump, it said.
Despite a recent resurgence in COVID-19 cases in China after the Chinese government abruptly dropped its “zero COVID-19” policy, BizLink said the impact on its business has thus far been minor.
After the company completed the acquisition of industrial solutions unit INBG from Leoni AG in January last year, the new business accounted for 38 percent of the company’s total revenue last year, providing an important boost to last year’s revenue, which exceeded NT$50 billion.
Meanwhile, electronics manufacturer Qisda Corp (佳世達) and Zhen Ding Technology Holding Ltd (臻鼎科技), which makes printed circuit boards (PCBs) for handsets and laptop PCs, also posted record revenue for last year, despite slowing sales in the final month of the year, they said in separate regulatory filings yesterday.
While ongoing inventory adjustments and the COVID-19 wave in China have caused concerns, the companies said the impact on shipments would not last long and demand momentum is expected to recover in the next few months or quarters.
Qisda’s accumulated revenue last year increased 6.1 percent year-on-year to NT$239.83 billion thanks to contributions from new businesses with high added value, although last month’s revenue decreased 18.4 percent to NT$17.98 billion.
Qisda manufactures computer accessories, communication devices and consumer electronics. It also provides consulting and technical services, and has cultivated a high-value-added medical business, which has been the firm’s best performer during the COVID-19 pandemic.
“Despite headwinds in the economy, revenue of the networking and communications business and the smart solution business each exceeded NT$30 billion last year, while the medical equipment business’ revenue also exceeded NT$20 billion,” the company said. “The scale of operations continued to expand and drove the overall operating performance to exceed the level of the previous year.”
Zhen Ding, a subsidiary of the world’s largest contract electronics maker Hon Hai Precision Industry Co (鴻海精密), reported that revenue last month dropped 19.6 percent annually to NT$16.69 billion, while revenue for last year rose 10.5 percent to NT$171.36 billion.
The company, which aims to secure a 10 percent share of the global PCB market in 2030, said it has kept capacity expansion plans on track, with a factory producing Ajinomoto buildup film substrates in Shenzhen, China, and another factory focusing on high-density interconnect PCBs in Huaian, China, likely to start mass production this year.
The company’s new factory in Kaohsiung, which produces flexible PCBs and advanced modules, is also still under construction, with equipment installment likely to proceed in the second half of this year, it said.
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