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Wah Lee Industrial Corp. (3010.TT) announced May 2019 unaudited consolidated sales of NT$4,863M, a growth of 8.0% from the same period last year, setting the record of 3rd highest monthly sales. The cumulative Jan.-May consolidated sales reached NT$21,394M, grew by 3.8% from the same period last year. Under the circumstances of US-China trade tension, Wah Lee still delivered a good performance. 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.
Taiwan’s government approved in this week “Action Plans for Taiwan’s 5G”, planning to invest over NT$20 billion within 4 years, providing strong supports for 5G core technologies and system testing platform. It will also provide an application environment and help Taiwanese companies to pass the 5G technology hurdles. The aim is to help Taiwanese companies become major partners in the global 5G supply chain. The future society is an era of intelligent manufacturing, transportation, medical, and auto pilot-driving, Taiwan companies will become leaders in the critical moment of IoT and integration of virtual and reality services.
Wah Lee has recently penetrated into the sales of 5G optical transceivers and high-end modules. It also provides a popular material of LCP for the 5G antenna modules and becomes an important partner in the 5G supply chain. Meanwhile, Wah Lee’s high-end engineering plastics have also reached out to the supply of connectors for 5G high-end servers and smartphones, whether it’s for Board-to-Board or RF(Radio Frequency) connectors. Wah Lee also distributes a leading Japanese supplier’s LCP(Liquid Crystal Polymer) for low DK, low DF specifications and provides to global and Chinese largest connector makers. Under the “Action Plans for Taiwan’s 5G”, Wah Lee has already become a representative supplier for 5G and expects to bring a decent growth to the company sales.
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Sectors |
Jan.-May 2019 Sales % |
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ICT materials (high-end engineering plastics & PCB) |
40.9% |
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Semiconductor |
19.5% |
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FPD (TFT LCD, touch panel) |
29.8% |
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Green Energy (solar, LED, rechargeable battery) |
5.0% |
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Others |
4.8% |