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April 10, 2017 Wah Lee Industrial Corp. (3010.TT) announced its March 2017 unaudited consolidated sales of NT$3,324M, an increase of 17.25% from previous month and a growth of 9.97% compared to the same period last year. Cumulative 2017 Jan.-Mar. consolidated sales was NT$9,188M and grew by 3.21%, compared to the same period last year.
After the effect of Chinese New Year and shorter working days in January and February, Wah Lee’s March consolidated sales regained its growth momentum. Wah Lee plays an important role in the overall supply chain of major industries in the greater China region. In the computer/communication industry, the Company’s high-end engineering plastics are expanding applications, including new demands from USB type C connectors and DDR4 sockets as well as rising demands from food packaging, medical devices, and automobile parts. Electronic-grade chemicals (such as photoresist and CMP slurry) for the semiconductor customers’ high-end production nodes are also contributing to the growth. In the flat panel display industry, Wah Lee is not only providing various key raw materials for the TFT LCD sector but also building positions in the material supply of touch panel, fingerprint recognition, and OLED segments. Wah Lee expects to see continuing growth momentum on the basis of its leading market shares of various products.
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Sectors |
Jan.-Mar. 2017 Sales % |
|
Computer/Communication(high-end engineering plastics & PCB) |
47.1% |
|
Semiconductor |
25.6% |
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FPD (TFT LCD, touch panel) |
14.2% |
|
Green Energy (solar, LED, rechargeable battery) |
8.8% |
|
Others |
4.3% |