Wintek Reports 14.6% Revenue Decline for Feb.

Taipei, March 4, 2011 (CENS)--Affected by seasonal factors along with customers conducting product transformation, Wintek Corp., a manufacturer of touch panels, saw its revenue decline 14.6% from a month earlier to NT$5.974 billion in February, according to the firm's financial statement.

However, the firm's sales revenue for February shot up 195.78% from a year earlier, thanks to explosive popularity of touch panel applications, such as smartphones and tablet PCs. In total, the firm's aggregate sales revenue amounted to NT$12.967 billion in the first two months of this year, representing a whopping growth of 195.5% from the same period of last year.

The firm turned profitable 2010, with its full-year pretax profits reaching NT$2.677 billion, including NT$1.995 billion earned in the fourth quarter.

With more smartphones and tablet PCs to hit the consumer market, Wintek's business prospects will become increasingly rosy this year, noted market observers. They added that the firm's sales revenue is likely to rebound significantly starting in March along with CDMA iPhone and iPad 2G to be launched soon.

To further cash in on touch panels, Wintek has budgeted a large capital expenditure of between NT$12 billion and NT$15 billion for the year, with some already poured into expansion of production lines for small and medium-sized touch panels at the factory located in Dongguan City in China's southeastern coastal province of Guangdong.

Wintek is now capable of turning out as many as 3.5 million medium-sized touch panels and 7 million small-sized models per month. But, the firm's maximum monthly output of medium-sized touch panels will increase to 5.5 million units when its new production lines for 10-inch models are completed in mid-2011.