Optical film supplier Wah Hong Industrial has said that the average capacity resumption rate of its plants in China, stalled earlier by the coronavirus outbreak, has reached over 95%, enabling it fulfill shipments steadily.
With its production capacity recovering at a fast pace, the company said that its sales have not been much affected by the pandemic, with its revenues for the first two months of 2020 still expanding 6.77% on year to NT$1.37 billion (US$45.22 million).
The company attributed the sales growth to the diversification of its product portfolios to include integrated laminated optical films, wide color gamut (WCG) films, and other advanced functional materials in addition to its previous focus on optical films for LCD backlight modules.
Rising demand for integrated laminated films for large-size TV applications and WCG films for high-end TV models will continue its sales momentum in 2020.
It will also continue to enhance its deployments in the functional materials segment, focusing on BMC (bulk molding compound), DAP (diallyl phthalate) and other compound materials for 5G base station, networking, automotive and consumer electronics applications.
It has also disclosed that it posted net profit of NT$208 million for 2019, increasing 38.4% from a year earlier. Revenues for 2019 were up 26.6% on year to NT$9.813 billion.