 2004-04-07 |
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(Commercial Times) [Reported by Peng Hsuan-Yi, Taipei]
Benefiting from stable returns on its investments in the China plant, YC Corporation (4306) achieved earnings per share (EPS) after tax of NT$2.03 last year. The board has approved a dividend distribution of NT$1.46 per share, with NT$0.73 in cash dividends and NT$0.73 in stock dividends. The company projects a 21% revenue growth target this year, reaching NT$2.4 billion. Including the performances of its China and Vietnam plants, the group’s overall revenue target for the year is set at NT$4.32 billion, representing a 43% increase over last year.
YC Plastics reported NT$1.978 billion in revenue last year, an 18% increase from the previous year. Despite facing substantial raw material cost pressures, operating income was NT$117 million, a 12% decrease compared to the previous year. Fortunately, earnings from the Ningbo plant in China rose 27.4%, resulting in an annual after-tax profit of NT$127 million—an 11.4% increase from the previous year, bringing after-tax EPS to NT$2.03.
In addition to tape, YC also produces BOPP (biaxially oriented polypropylene film) and BOPA (biaxially oriented nylon film). YC operates 13 tape production lines across Taiwan, China, and Vietnam, with a total monthly capacity of over 70 million square meters. The resin production capacity at its Taiwan and China plants reaches 2,000 tons per month each.
At the end of last year, YC's Ningbo plant in China added a new BOPP production line, bringing the facility to two lines. This expanded capacity is expected to yield increased economies of scale. Furthermore, the third plant at Changbin Industrial Park in Taiwan was completed late last year, with an additional BOPA production line set to come online in the second quarter. YC estimates that the combined revenue from its Taiwan, China, and Vietnam operations will reach approximately NT$4.32 billion this year, marking a 43% growth. |
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