Hiwin's Q3 Revenue Hits Seven Year High
2014/10/16 | By Ken LiuHiwin Technologies Corp. recently announced that consolidated Q3 revenue hit a seven-year high of NT$4.2 billion (US$141.7 million), with the September revenue of NT$1.4 billion (US$49 million) reaching a 34-month high.
The September result represented a 2.8% increase from the previous month and was up 19.2% YoY, to which industry executives ascribe mostly to brisk shipments of ballscrews and linear guideways, not to mention industry robots.
Based on its Q3 revenue, which surged 20.1% from a quarter earlier, industry executives feel the company's Q4 revenue could rise considerably.
Throughout Jan.-Sept., the company and subsidiaries generated combined revenue of NT$10.8 billion (US$360 million), rising 26.2% year on year from 2013's NT$8.5 billion (US$285.3 million). Industry executives predict the company's consolidated revenue for this year to exceed NT$15 billion (US$500 million).
Regardless of recent fluctuation of the company's stock price due to the steep depreciation of the Japanese yen against the U.S. dollar, the company says it has secured orders for ballscrews, linear guideways and industrial robots to keep production humming until the end of this year.
The maker is a major supplier of ballscrews for precision machines. So far its shipments of industrial robots have stayed above 100 systems monthly to enhance its chances at profitability from the business.
Chairman and chief executive officer (CEO), Eric Chuo, stresses that the company will continue to see higher revenue in Q4 this year as it has done in the previous quarters.
Soon the company's growth strength will be further enhanced by new investment plans, including the one in Offenburg, Germany, where the €17 million (US$20.4 million) outlay will realize production startup in 2015 of high-end ballscrews and linear guideways for the European market. (KL)
Hiwin's Q3, 2014 Revenue
| Period
| Q3, 2014
| Q3, 2013
| YoY change (%)
| Jan.-Sept. 2014
| Jan.-Sept. 2013
| YoY change (%)
|
| Revenue
| NT$4.2bn
| NT$3.5bn
| 20.1
| NT$10.8bn
| NT$8.5bn
| 26.2
|