Chenming Electronic Tech. Corp.




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Due to apples, Facebook, and Huawei, the performance of Chenming (3013) in August went to a 77-month high



Chassis manufacture Chenming (3013) benefited from its major customers started to pulling suppliers, revenue leap forward, the single-month combined revenue in August exceeded between NT$400 million and NT$440 million. It braked the record set in 77 months ago.


The company shares on Saturday (Sep.10th) showed the momentum event under the international stock market felling, Taiwan stocks opened with more than 100 points dropped, the early morning the share price reached the daily limit of NT$17.75 price lock. It is one of the only 3 companies reached the daily limits on Saturday.


Chenming combined revenue of NT$440 million in August, jumped 33.58% from last month, a substantial growth of 85.24% compared with the same period last year. It is a record high since March 2010. The cumulative revenue in the first 8 months is NT$2.576 billion. Year over year growth rate jumped to 23.4%.


Legal person ascribed the performance of Chenming in August to the contribution of Apple's new products, also with the server chassis business from the data center cloud server orders received from Facebook in the United States and Huawei in the mainland China. It is reported that the company has always been one of the qualified suppliers of the Apple MIM (Metal Injection Molding) components.


Legal person predicts that this momentum is expected to continue. The estimated performance of Chenming in September will also maintain in the high level. The combined revenue in the third quarter has the chance to exceed NT$1.1 billion, and set a new record. The economic improves, also conducive to the performance of profit.


Wealth Group/王宜弘 / report