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San Shing Fastech Q2 Performance Expected to Level with Q1
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2023-07-03
CIER announced that the purchasing manager index (PMI) of Taiwan's manufacturing industry has contracted for three consecutive months this May. San Shing Fastech confirmed that even if the current downstream inventory is declining, the overall demand is still weak and customer orders are fewer. San Shing Fastech used to ship more than 4,000 tons per month, but the recent shipment reached only 3,000 tons, only representing 70% of its total production capacity.
The company said this year's operation is more challenging amid inflation, rising interest rates, the war between Russia and Ukraine and other unfavorable factors, as 80% of its products are exported to Europe and the United States. At present, its Q2 performance is expected to be about the same as the first quarter.
The company's cumulative revenue for the first four months this year was NTD 2.08 billion, down 14.55% from the same period last year.
三星扣件
營運
第2季
台灣製造業採購經理人指數
San Shing Fastech
operation
Q2
PMI
