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Wah Lee Industrial Corp. (3010.TT) announced July 2019 unaudited consolidated sales of NT$4,711M, a growth of 5.0% from the same period last year. The cumulative Jan.-Jul. consolidated sales reached NT$30,818M, grew by 4.4% from the same period last year.
US President Trump announced the 10% tariff on Chinese exported goods on August 1. Although smartphones and notebook PC are postponed to be taxed until Dec. 15, it still has some impacts on Taiwanese electronic industry. In anticipation of future international trade conflicts, Wah Lee is actively responding to the changes. The Company has balanced its geographic expansion into ASEAN and US and EU markets and has focused on areas such as semiconductor front-end manufacturing processes, PCB high frequency substrates, and 5G, biomedical, Electric Vehicles, and energy storage system. Under the circumstances of volatile global economic situations, Wah Lee has taken the measures of conservatism and diversifications.
Geographic expansion is one of the important strategies of distributors. Wah Lee has stridden its steps to the ASEAN countries way before the Taiwanese government encouraging the southward policy. Sales from the ASEAN region has grown by 36.6% from the same period of last year. Next generation electronic products were exported to Finland and Russia markets in this year and showed double-digit growth in US, Australia and India markets.
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Sectors |
Jan.-Jul. 2019 Sales % |
|
ICT materials (high-end engineering plastics & PCB) |
40.9% |
|
Semiconductor |
19.6% |
|
FPD (TFT LCD, touch panel) |
30.4% |
|
Green Energy (solar, LED, rechargeable battery) |
4.5% |
|
Others |
4.6% |