Lelon and Feei Cherng exhibit revenue growth in capacitor production for the month of August.
According to Industry sources, aluminium electrolytic capacitor making companies Lelon Electronics and Feei Cherng Enterprise have both shown sententious growth in the August revenues elicited by increasing demand from their clients in China
Revenues for both the companies in the month of August looked something as follows:
Lelon’s total revenue for the month of August increased by a fleeting 6.2% but dipped 14.2% from the previous year generating a total revenue of NT$528 million (US$17.69 million) for the entire month.
Feei Cherng saw revenues shoot up by a 1.1% in the same month but fall 6.1% overall during the year to NT$207 million in August. For the first eight months of 2012, revenues reached NT$1.58 billion, decreasing 16.5% from a year earlier.
The sources noted that while Lelon recorded its order visibility to extend by two months, with orders from the air conditioner and server sectors increasing steadily, Feei Cherng was conservative about its business outlook towards the third quarter citing concerns about peak season effects for Windows 8 devices.
In the meanwhile, Matsuki Polymer Technology,being a solid capacitor subsidiary of Feei Cheng, aims to issue 20 million new shares at a price of NT$15 each. The rights issue will depreciate Feei Cheng’s stake in Matsuki from 85% to 65%. Matsuki plans to debut on Taiwan’s emerging stock market in early 2014, according to Feei Cherng.