Mechanical movement management part and industrial robotic maker Hiwin Technologies has reported web revenue of NT$620 million (US$20.1 million) for first-quarter 2019, the bottom quarterly stage since second-quarter 2017.
Linear guideways accounted for 68.9% of the first-quarter 2019 consolidated revenues of NT$5.048 billion; ball screws, 17.4%; industrial robots, 4.4%; and different merchandise, 9.3%. Of the revenues, 31% got here from Europe, 7% from North America, 11% from Taiwan and 51% from Asia Pacific (Taiwan excluded).
The international market situation for Taiwan-based precision equipment makers will attain a backside stage within the second quarter of 2019 and that for Taiwan-based machine device makers will achieve this within the third one, Hiwin chairman Eric Chuo stated.
Hiwin expects the first-quarter enterprise to be the bottom in 2019 and enterprise will rebound within the second quarter, firm chairman Eric Chuo famous.
Hiwin will start developing a manufacturing unit in Suzhou, jap China, by the tip of May 2019, Chuo indicated. To decrease US-China commerce disputes’ impacts on manufacturing in China, Hiwin is in search of to extend manufacturing in Taiwan, he added.
Hiwin’s April consolidated revenues reached NT$1.957 billion, rising 4.10% sequentially however dropping 20.51% on 12 months, and people of NT$7.005 billion for January-April fell 22.30% on 12 months.
|
Hiwin Technologies: Financial outcomes, 1Q19 (NT$m) |
|||
|
Item |
Amount |
Q/Q |
Y/Y |
|
Consolidated revenues |
5,048 |
(24.07%) |
(22.97%) |
|
Gross margin |
36.81% |
0.89pp |
(3.23pp) |
|
Net working revenue |
760 |
(12.54%) |
(45.71%) |
|
Net revenue |
620 |
(28.74%) |
(48.97%) |
|
Net EPS (NT$) |
2.06 |
||
Source: Company, compiled by Digitimes, May 2019
