Diode maker HY Electronic has disclosed it not too long ago accomplished its second manufacturing unit in Yangzhou, China, and is enterprise trial run with industrial manufacturing to start later in 2019.
HY Electronic’s important product traces are rectifier diodes, bridge rectifiers and photo voltaic diodes, with income proportions being 17-18%, 30-35% and 42-47% respectively.
Mainly as a result of China took motion to regulate home PV set up, the US and Indian imposed safeguard tariffs on imported photo voltaic cells and PV modules, international PV demand plunged in 2018, leading to sharp decreases in HY Electronic’s photo voltaic diode shipments within the yr, the corporate stated.
HY Electronic acquired a 70% stake in diode maker Taiwan GPP in early 2018 and bought the latter’s idle manufacturing unit at NT$133 million (US$4.three million) for capital acquire of NT$11 million in late 2018. The disposal was according to integrating each firms’ assets, HY Electronic indicated.
HY Electronic posted consolidated revenues of NT$2.063 billion, gross margin of 12.87%, internet working lack of NT$81.7 million, internet revenue of NT$35.Four million and internet EPS of NT$0.55 for 2018, and has determined to distribute a dividend per share of NT$0.50, NT$0.25 in money and inventory every.
