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Wah Lee Industrial Corp. (3010.TT) announced June 2019 unaudited consolidated sales of NT$4,714M, a growth of 6.0% from the same period last year, setting the record of 2nd highest monthly sales in this year. The cumulative Jan.-Jun. consolidated sales reached NT$26,107M, grew by 4.2% from the same period last year. Wah Lee’s 2Q sales has set the record of 2nd highest quarterly sales. Focusing on areas such as semiconductor front-end manufacturing processes, PCB high frequency substrates, next generation electronic products, and 5G, biomedical, Electric Vehicles, and energy storage system, Wah Lee’s sales has strong growth momentum and expects promising future growth.
OLED has become the standard feature for mid to high end smartphones. This has brought the OLED related materials and equipment to prosper in sales. Wah Lee has long been investing resources to secure the sales rights of OLED upstream raw materials and equipment. For example, Wah Lee has provided the oligopolistic FMM (Fine Metal Mask) product to the mainland Chinese OLED makers. Their applications focus on smartphones and wearables. The company also provides polarizers and organic light-emitting raw materials to its customers. Recently, Wah Lee also obtained the sales right for flexible PI and can penetrate into flexible OLED market. Its sales has grown very substantially.
The current business focus is to continue to spec-in into customers’ productions and will also strive to provide total raw materials and chip solution. Wah Lee will keep building its sales in existing and potential customers. The OLED related business will be a high potential area for Wah Lee’s future growth.
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Sectors |
Jan.-Jun. 2019 Sales % |
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ICT materials (high-end engineering plastics & PCB) |
40.5% |
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Semiconductor |
19.4% |
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FPD (TFT LCD, touch panel) |
30.7% |
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Green Energy (solar, LED, rechargeable battery) |
4.7% |
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Others |
4.7% |