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  • 2020.04

    • China resumed production led to Wah Lee’s March sales growth

    Wah Lee Industrial Corp. (3010.TT) announced March 2020 unaudited consolidated sales of NT$4,848M, a growth of 9.1% from last year, MoM growth of 50%.  The cumulative Jan.-Mar. consolidated sales reached NT$12,353M, a growth of 2.4% from the same period last year.  This 1st quarter sales has become the highest first quarter sales in Wah Lee’s history.

     

    Wah Lee’s product portfolio is well diversified, including semiconductor, optoelectronics, ICT materials, and PCB materials.  Because of the diversifications in both product portfolio and geography, Wah Lee’s sales has been resilient in the face of COVID-19 pandemic situation.

     

    Take Wah Lee’s semiconductor sector as example, customers’ high-end manufacturing processes have pretty much firm orders.  The base station chips for 5G, chips for AI servers and high performance computing have been speeding up their productions.  Therefore, the requests for Wah Lee’s high-end electronic grade chemicals and special gases have increased obviously.

     

    The high frequency substrate materials Wah Lee introduces from Japan have been increasing in sales because the world-renowned search engine company has increased their procurement of high-end servers from Taiwan OEM to avoid disturbance of supplies in China due to the pandemic.  Taiwanese PCB makers have benefited from this transition and ordered more CCL (Copper Clad Laminate) from Wah Lee.

     

    Wah Lee also invested and joint ventured in the promotion of green energy industry in solar power plant establishments and energy storage systems.  This movement has brought stable income streams for the Company.  It also contributes to the corporate social responsibility efforts.

     

    Looking forward to this year, even though the macro environment is full of challenges, Wah Lee is still conservatively confident in operating in the promising industries, including bio-medical, clean environment, 5G communication market, EVs, factory automation, and AIOT.  We will continue to strengthen our own competitiveness and keep rewarding our investors with high returns.