Tongtai Machine & Tool Receives NT$700 M. Orders

Taipei, May 26, 2011 (CENS)--Tongtai Machine & Tool Co., one of Taiwan's leading manufacturers of dedicated machines, recently received orders for 300-odd vertical machining centers valued over NT$700 million from a domestic business group who is scrambling to add production equipment to meet growth.

Tongtai, listed on the Taiwan Stock Exchange, said it will deliver the ordered products beginning late May throughout the end of September, shipping 60 to 80 units of the machines monthly.

The company has undelivered orders valued between NT$3.5 billion and NT$3.6 billion, believing shipments of machine tools will grow 20% year-on-year to reach NT$4.5 billion in 2011.

Beginning from this year, Tongtai has been cutting shipments of PCB (printed circuit board) drilling machines, and predicts to ship 70 to 80 units of laser drilling machines priced at over NT$16 million each.

Institutional investors predict Tongtai will see annual sales total NT$7.5 billion this year. The company posted NT$1.901 billion in sales in the first four months of this year, up 20.99% from a year earlier.

Tongtai's Sales and Earnings
	2009	2010	Q1, 2011
Sales (NT$100 million)	27.14	66.47	13.15
Operating Earnings (NT$100 million)	0.17	6.51	0.71
Pretax Earnings (NT$100 million)	0.95	7.14	0.94
After-tax Earnings (NT$100 million)	1.1	6.05	0.72
Earnings Per Share (NT$)	0.54	2.95	0.35
Source: Taiwan Stock Exchange