Introduction:

In 2018, Nan Ya Plastics Corporation (NPC) recorded a consolidated revenue of NT$333.06 billion, an increase of 8.8% over NT$306.14 billion in 2017, and a consolidated pre-tax income of NT$61.53 billion, which declined 2.0% compared with NT$62.78 billion in 2017.

In the first three quarters of 2018, global economic fundamentals were good, while raw material prices rose, driving the revenue growth of various products. Furthermore, NPC's complete industry chain and active development of high-value and differentiated products have also greatly increased our revenue and profit.

However, due to the China-U.S. trade war beginning the fourth quarter of 2018, global economic growth has declined, while oil prices have fallen by 40% from the high point at the beginning of October to the low point at the end of the year. As market demand froze rapidly, customers sat on the fence, dropping sales orders, our overall performance reflected a sharp downturn in the business environment.

Despite the significant change in the fourth quarter of 2018, NPC still managed to post a revenue at a record high, and achieve the third highest net income and earnings per share in our history, thanks to the foundation laid in the previous three quarters.

Keyword:

Plastic Products, Chemicals, Electronic Material, Fibers and textiles, Machinery and Switchgear

Product Picture:

Video: