In the future, the automobile parts factory is optimistic about the rise in profits.
In the future, the automobile parts factory is optimistic about the rise in profits.
Affected by the Lunar New year holidays and the reduction in the number of working days, Dongyang's performance in February was lower than that in January. However, with the aftermarket (AM) and contract manufacturing (OEM) business still hot, the combined revenue remained at the level of 1.562 billion yuan, an annual increase of 24%, and a new high in February.
Dongyang auto parts factory consolidated revenue of NT $1.562 billion in February, setting a new record for February.
Dongyang's consolidated revenue in the first two months was 3.305 billion yuan, an annual increase of 17%.
Dongyang said that in order to grasp the AM market opportunities and increase product supply projects, there will be an additional factory for plastic products and an automatic leaf board production line for sheet metal products, which is expected to be completed by the end of May and will increase the production capacity of 60, 000 pieces per month.
Dongyang pointed out that Chinese mainland automobile sales grew by 13.9% last year and is expected to grow by more than 10% this year. Dongyang in Xiangyang and Dongyang in Foshan will successively put into production in the second and third quarters, which will help Chinese mainland factory's revenue and profits to rise simultaneously.
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