 2003-10-30 |
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(Reporter Wang Yanwen, Taipei, Times Information) As YC (4306) continues to expand its factories in both Taiwan and mainland China, the company plans to apply for the establishment of its corporate operations headquarters in Taiwan by the end of this year, in order to benefit from tax incentives. Additionally, with the conversion of convertible bonds next year, the company's capital is expected to increase to over NT$800 million. YC also plans to apply for a listing on the main board next year, with expected earnings per share to remain above NT$3 for the full year.
YC stated that as production capacity expands in mainland China, the revenue distribution between Taiwan and China will shift from 3:2 this year to a 1:1 ratio next year. The company also plans to gradually increase its investment in mainland China to over 50%.
Having successfully integrated three core products—film, resin, and adhesive tape—YC will add a BOPP production line in mainland China, scheduled to start mass production in January, while the BOPA production line in Taiwan is expected to begin production by June next year. With these developments, the company forecasts that its annual revenue will increase from NT$3 billion this year to NT$5 billion next year, reflecting a 66% growth. |
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