Yeong Guan Group Press Release
January 10, 2024
Thank you for your attention and support to Yeong Guan Energy. Yeong Guan-KY (1589) announced its consolidated revenue of NT$ 757 million for December 2023. This represents an increase of 2.72% MoM and a decrease of 20.60% YoY. In terms of the shipment, we delivered 15,889 tons in December, an increase of 3.45% MoM and a decrease of 17.47% YoY. In December, shipments not only continued the growth trend of the previous month, but also helped annual shipments exceed 170,000 tons. Looking forward to 2024, the company will continue to expand new customers and develop new businesses, and strive to increase the business volume of industrial machinery and injection molding machine customers. At the same time, the new factory in Taichung will also officially enter mass production and is expected to increase the group's revenue and shipments. The full-year shipment target for 2024 will be set at more than 190,000 tons.
Consolidated revenue in the fourth quarter of 2023 was NT$2.17 billion, QoQ 12.1%; YoY -21.28%. The quarterly tonnage shipped was 44,801 tons, QoQ 15.07%; YoY -20.54%.
Consolidated revenue for 2023 was NT$8.671 billion, YoY -7.60%. The tonnage shipped of whole year was 175,043 tons, YoY -8.87%. Revenue from renewable energy, injection molding machines and industrial machinery of 2023 were NT$4.69 billion (YoY 8.23%), NT$1.59 billion (YoY -34.55%), and NT$2.38 billion (YoY 8.78%), respectively.
Revenue and Shipment by Quarter
1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | |
Revenue/NTD K | 1,813,099 | 2,330,418 | 2,480,775 | 2,759,632 | 2,217,676 | 2,342,408 | 1,938,525 | 2,172,401 |
shipment/tons | 37,247 | 47,349 | 51,104 | 56,382 | 44,341 | 46,970 | 38,933 | 44,801 |
Revenue % | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 |
Renewable Energy | 33.8% | 42.3% | 47.8% | 56.4% | 58.4% | 50.6% | 51.4% | 56.2% |
Injection Molding Machine | 32.4% | 27.3% | 24.9% | 21.5% | 18.5% | 18.8% | 18.9% | 17.3% |
Industrial Machinery | 33.8% | 30.4% | 27.3% | 22.1% | 23.1% | 30.6% | 29.7% | 26.5% |
Investor Relations
Nick Lee
Investor Relations
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