Yageo Corporation (TAIEX: 2327 TW) announced April 13th its first quarter net sales of NT$ 6,270 million, up 68% y-o-y and 15% q-o-q. Gross margin continued to rise to 26.9%, thanks to the improved product mix and maintaining of high capacity utilization. The operating expenses reduce to 10.3% keep perform its operating
efficiency. The company posted a record high of operating income of NT$ 1,042 million, and operating profit margin was 16.6%. Net profit before tax was NT$ 1,050 million, up 123% q-o-q. Net profit after tax in first quarter reported NT$ 1,001 million or NT$ 0.46 earnings per share. The record high income mainly driven by the improvement of product mix, full capacity utilization and the operating efficiency but not from the price rose of the products. Since Yageo had well manage its metal and raw material inventory in Q409 and hence absorbed the increased cost, The products price in Q110 did not fully reflect to those cost increased from metal and raw material. Yageo is one of the world’s largest manufacturers of passive electronic components with market leadership positions in thick film chip resistors and multilayered ceramic chip capacitors. The company manufactures passive components in Taiwan and in mainland China.
Additional Resources: (1) Passive Electronic Components: World Market Outlook: 2010-2015 ISBN # 1-893211-99-1 (2010). (2) Linear Resistors: World Markets, Technologies & Opportunities: 2009-2014 ISBN # 1-893211-24-X (7/2009) (3) Ceramic Capacitors: World Markets, Technologies & Opportunities: 2009-2014 ISBN # 1-893211-25-8 (December 2009)