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June 27, 2018 Wah Lee’s (3010.TT) May 2018 consolidated sales was NT$4,505M, a 35.74% growth from the same period last year; Cumulative 2018 Jan.-May consolidated sales was NT$20,601M and increased by 32.05%, compared to the same period last year, setting record high because of strong growth momentum from different sectors.
Automobile application market is one of the most potential markets for Wah Lee’s high-end engineering plastics. Wah Lee has supplied plastics for the auto interior and is now penetrating into auto parts market, which requires high rigidity for the materials. In addition to light weight of plastics to replace metals, Wah Lee provides more high-end engineering plastics to auto parts and auto electrical components and will expand its position in this great market with huge growth potential.
Wah Lee’s heat-resistant nylon plastic from world-renowned Japanese supplier also has the characteristics of low humidity absorbent, high rigidity, and stability in sizes. This material has long been adopted for the connectors to be used in various electronic 3C consumer products. Nowadays, this material has gained more applications in connectors for cars, camera modules and relays. It has already had many actual applications in the automobile industry and posted about 20% growth in the China region.
Wah Lee’s leading position in semiconductor materials is also obvious. Wah Lee has been providing photoresist, bulk chemicals, and specialty gases to semiconductor customers in Taiwan, China, and Singapore. The Chinese semiconductor fabs are growing especially fast with the support of government encouragement. The semiconductor sales of Wah Lee in mainland China in the first 5 months has grown by 60% on the YoY basis.
Wah Lee also played an important role in the FPD industry. Wah Lee has been supplying FPD related materials and equipment to the Chinese heavy weight panel makers. In recent years, the Company has tapped into US and EU markets with its next-generation electronic products. Wah Lee’s FPD sales had started to grow significantly in last year. The cumulative Jan.-May FPD sales has more than doubled from last year and is expected to make a great achievement this year. Wah Lee showed very successful sales records in all of the aforementioned industries and therefore made a record high sales for the first 5 months in this year. The sales reached NT$20,601M and increased by 32.05%, compared to the same period last year.
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Sectors |
Jan.-May 2018 Sales % |
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Computer/Communication(high-end engineering plastics & PCB) |
45.5% |
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Semiconductor |
20.6% |
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FPD (TFT LCD, touch panel) |
23.1% |
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Green Energy (solar, LED, rechargeable battery) |
6.5% |
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Others |
4.3% |