On April 10, Fenghua Advanced Technology announced its first-quarter earnings report for 2018.
According to the report, from January 1, 2018 to March 31, 2018, Fenghua Advanced Technology 's operating performance increased. The profit was 17 million yuan to 19 million yuan, and the profit for the same period last year was 4.4 yuan, it is an increase of 304.57%-341.35% over the same period of last year.
As for the reasons for increase in performance, Fenghua Advanced Technology explains that “In the first quarter, we benefited from high deman in the market for passive electronic components, and the company’s initial investment performance has gradually become apparent. The main product’s market in short supply, and industrial technology has steadily improved and its product structure has improved and the customer structure is further optimized.
In fact, from 2017 to 2018, the supply of passive components has been in short supply, as the largest manufacturer of passive electronic components in mainland China, Fenghua Advanced Technology is expected to increase its performance. At the same time, while the global customers transferred orders from the global giants to Taiwan factories and factories in mainland China. Fenghua Advanced Technology can also expand the market by taking this opportunity, the trend estimated to be outstanding.
