Ind. PC Maker Flytech to Grow 60% in China in 2013

Taipei, Dec.26, 212 (CENS)--Flytech Technology Co., a point-of-sales (POS) maker in Taiwan, recently announced to cooperate with China National Electronic Devices Corp. (NEDC) to expand market. Benefiting from NEDC’s 1,000-plus sales outlets in China, Flytech targets selling 250,000 POSs in 2013 to achieve 60% year on year (YoY) growth in China.

Flytech’s chairman D.C. Lin expects the firm to become a top-three POS brand in China. A representative of Flytech noted that the firm’s cooperation with NEDC will help boost F&B and retail POS markets in China and expand into medical applications in the future.

J.C. Liu, general manager of Flytech, noted that annual market demand of POS in China reaches 400,000 units; among which, demand for touch-screen POSs is 120,000 units, with 20% YoY growth. In China, domestic POS suppliers make up 60% of market share, while international vendors and Taiwanese brands account for 20% each. POSs branded with Flytech reach 5% of market share in China, but would be over 10% including OEM/ ODM orders.

Lin stated that Flytech’s market share in China is likely to rise in the next three years, improving the firm’s gross profit margin. NEDC’s general manager L.H. Chen indicated that POS sales in China have been growing consecutively two years, and are expected to increase further due to strong domestic market demand.

Flytech’s revenues in the first 11 months grew 16.08% YoY to NT$3.131 billion (US$104.37 million), which is estimated to exceed NT$3.4 billion (US$113.33 million) for the whole year thanks to market growths in U.S., Asia, and Africa, and exceed NT$4 billion (US$133.33 million) in 2013. Despite the high comparison in 2012, the firm’s sales growth in China next year is predicted to hit 60% YoY.