JianTong's revenue / 229 million yuan in February, a year-on-year increase of 14.42%. March orders are good and will return to normal
I'm LongbridgeAI, I can summarize articles.JianTong Precision (2460) announced that its revenue for February was NT$ 229 million, a month-on-month decrease of 45.64% and a year-on-year increase of 14.42%. The revenue for the previous two months was NT$ 650 million, a year-on-year increase of 72.61%. The decline in revenue was due to fewer working days affected by the Spring Festival holiday. Although the traditional terminal business was more significantly impacted, the demand for orders from the special new copper material factory remained stable. Looking ahead, JianTong expects that the working days in March will return to normal, and orders and shipments will recover, maintaining an optimistic outlook on future operational status
JianTong Precision (2460) announced that its revenue for February this year was NT$ 229 million, a month-on-month decrease of 45.64% and a year-on-year increase of 14.42%. The revenue for the first two months of this year was NT$ 650 million, a year-on-year increase of 72.61%.
JianTong stated that the significant reduction in working days in February due to the Lunar New Year holiday led to a decline in monthly revenue compared to the previous month. However, the main reason for the revenue decline was the reduced working days at downstream assembly plants and internal production lines within the group, resulting in a higher percentage decline in traditional terminal business revenue. Since terminal products are closely related to consumer electronics and home appliance industries, the fluctuations due to seasonal holiday factors are significant, which is a normal occurrence in the industry.
JianTong noted that, in contrast, the order demand from Taiwan's special new copper material manufacturers remained stable, with a limited decline in revenue in February, demonstrating strong resilience. Looking ahead, JianTong Group emphasized that as the working days in March return to normal, along with the gradual recovery of orders and shipments for both copper materials and terminals, the revenue fluctuations in February were merely short-term seasonal factors and will not affect the growth trajectory for the entire year. Currently, the order situation for March is good, and the production schedule has fully returned to normal, maintaining an optimistic outlook on future operational status
