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San Shing: Small Growth in Q1 Output; Capacity Utilization Rate Over 80% in Q1; Q2 Orders will Remain Stable
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2013-03-22
Orders received by San Shing Fastech Corp., which is a screw and bolt manufacturer, in March were quite stable and its output in Q1 will exhibit a small growth as compared to Q4 of 2012. As of now, relevant signs have indicated that the monetary value of orders placed to the company in Q2 will be close to that in Q1 and its capacity utilization rate will remain at more than 80% in Q1. Its revenue earned in the first two months of 2013 was NT$ 886 million, an increase of 3.95% as compared to 2012.
Mainly because of fewer workdays, its revenue generated in February was NT$ 411 million, a monthly decline of 13.72% as compared to the previous month (an annual decline of 3.95% as compared to the same month of 2012). In Q1, because Christmas and New Year holidays were over in the US, Europe and other countries, the value of orders received by the company was slightly more than that in Q4 of 2012 and its capacity utilization rate was more than 80%. In prospect of Q2, the monetary value of its orders is expected to be close to that in Q1 and its capacity utilization rate will be more than 80%. Because China Steel will increase its steel product prices, the company will increase the prices of its fastener products slightly. In conclusion, the company’s operations and revenue will remain stable in Q2 of 2013.
Mainly because of fewer workdays, its revenue generated in February was NT$ 411 million, a monthly decline of 13.72% as compared to the previous month (an annual decline of 3.95% as compared to the same month of 2012). In Q1, because Christmas and New Year holidays were over in the US, Europe and other countries, the value of orders received by the company was slightly more than that in Q4 of 2012 and its capacity utilization rate was more than 80%. In prospect of Q2, the monetary value of its orders is expected to be close to that in Q1 and its capacity utilization rate will be more than 80%. Because China Steel will increase its steel product prices, the company will increase the prices of its fastener products slightly. In conclusion, the company’s operations and revenue will remain stable in Q2 of 2013.
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