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Revenue/Shipment for July 2020
Dear Investors,
YG Group announced its consolidated revenue of NT$802 million for July 2020. This represents an increase of 11.14% Month-over-Month (MoM) and an increase of 19.04% Year-over-Year (YoY). In terms of shipment, we delivered 17,501 tons in July, an increase of 11.82% MoM and an increase of 24.89% YoY.
Due to strong demand from the global wind energy market, July's revenue and shipments have reached new highs since Yeong Guan’s IPO. Looking ahead to August, wind power customer orders will continue to maintain a high level, coupled with stable customer demand for injection molding machines and industrial machinery, Yeong Guan expects August shipments to maintain at normal levels.
Chart 1: Revenue and shipment by quarter
3Q18 | 4Q18 | 1Q19 | 2Q19 | 3Q19 | 4Q19 | 1Q20 | 2Q20 | |
Revenue/NTD K | 1,558,005 | 1,702,768 | 1,552,357 | 1,950,616 | 2,168,195 | 2,228,818 | 1,130,199 | 2,135,664 |
shipment/tons | 32,762 | 36,007 | 32,619 | 40,649 | 45,237 | 45,612 | 24,222 | 46,328 |
Revenue % | 3Q18 | 4Q18 | 1Q19 | 2Q19 | 3Q19 | 4Q19 | 1Q20 | 2Q20 |
Renewable Energy | 23.5% | 38.8% | 43.3% | 47.9% | 59.4% | 66.6% | 60.7% | 66.99% |
Injection Molding Machine | 36.3% | 29.2% | 26.9% | 24.3% | 16.7% | 14.6% | 17.7% | 14.13% |
Industrial Machinery | 40.2% | 32.0% | 29.8% | 27.8% | 23.9% | 18.8% | 21.6% | 18.88% |
Safe Harbor Notice
This presentation contains certain forward-looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Except as required by law, we undertake no obligation to update any forward – looking statements, whether as a result of new information, future events or otherwise.
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