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QST's consolidated revenue in the first half of 2015 reached NTD 4.92 billion, up 137.3% from NTD 2.07 billion of last year. Net profit after tax was NTD 279 million, up 96.47%. EPS reached NTD 3.05. It is outperforming its counterparts, which indicates positive effect brought by its active global deployment in recent years.

 

Consolidated gross profit margin for the period was 24.97%, up 21.82% from the last period. Profit after tax for Q2 grew over that of Q1. QST becomes one of the few automotive fastener companies whose profit is less prone to the impact and fluctuation of euro currency. This is because the company can provide clients with one-stop shopping and remote stocking service. Furthermore, improved production efficiency also drove up profitability.

 

QST is a 1-tier fastener company with 80% of its products supplied to the automotive market. Currently 70% of its revenue comes from automotive clients (car assembly plant, chassis and engine makers). Its clients are mainly from the top 3 German car makers (Volkswagen, BENZ and BMW), and therefore it has close relationship with German car makers. It has become more technically advanced after acquiring the German ESKA (supplier for 3 major automotive part makers in Europe) last year. With existing production scale and advantage in distribution channels, its business operation is seeing positive synergy. BENZ's number of orders this year grows over 40%, and its manufacturing plants are growing stably in profit gains. As China has been dedicated to localized production of automotive parts in recent years, BMW is auditing QST's plants in Taiwan and Xiamen. If the plants acquire the certificate, they will be the main growth drive for the revenue in 2016.

 

Besides the OEM role, QST also provides manufacturing and logistics service, getting closer to end-users. This not only improves performance significantly but also enhances international competitiveness.

 

In 2014, QST gradually achieved local production and local supply as its advantage in global mapping through foreign acquisitions. Judging from its business performance, QST's revenue has beached NTD 10 million mark. In the future the company will speed up corporate resource integration to more efficiently distribute various resources and head for global fastener leadership.

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