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  • 2017.10

    • Wah Lee Industrial announced its September 2017 unaudited consolidated sales of NT$4,126M

    October 11, 2017  Wah Lee Industrial Corp. (3010.TT) reported record high September 2017 unaudited consolidated sales of NT$4,126M, a 21.53% growth from the same period last year and a 2.12% growth from last month.  Cumulative 2017 Jan.-Sep. consolidated sales was NT$31,014M and grew by 6.25%, compared to the same period last year.  2017Q3 sales reached NT$11,711M and also posted a strong growth.  Its QoQ growth over 17Q2 was 15.78% and YoY growth over 16Q3 was 15.35%.

    According to IMF, under the optimistic macro-economic outlook, smartphone market will have a great performance in 2017.  Flagship models launched by Samsung, Apple will stimulate a buying spree and demand for OLED display will be increasing.

    Based on IHS data, worldwide OLED display market will grow from US$14.5 billion to US$25.4 billion (about NT$780 billion) within the next 5 years.  Due to its high contrast ratio, slim type, energy saving, and flexible characteristics, OLED can have multiple outlook design.  Many high-end smartphone models use OLED display this year which separate themselves from the competition and grasp more sales volume.

    Wah Lee Industrial has been striving to secure the distributorship for OLED related spare parts, equipment, and consumable raw materials, including metal mesh, driver IC, and encapsulation equipment.  We have penetrated into heavyweight Chinese OLED display makers.  Their OLED products are mostly applied in smartphones and wearable devices.  Wah Lee's 2017 metal mesh sales has grown 1.5 times from last year's; driver IC sales has even shown a stunning 9 times sales from the same period of last year.

    Wah Lee will continue to expand our product portfolio for customer's qualifications and will aim to provide a total solution for comprehensive raw materials and chip sets.  The company will see its OLED related sales to be one of its sales growth drivers into the future.

    Sectors

    Jan.-Sep. 2017 Sales %

    Computer/Communication(high-end engineering plastics & PCB)

    46.4%

    Semiconductor

    24.4%

    FPD (TFT LCD, touch panel)

    17.2%

    Green Energy (solar, LED, rechargeable battery)

    7.4%

    Others

    4.6%