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(Dec '18) Sinbon Capacity Expansion Continues into 2019 & 2020

Friday, December 28, 2018
Sinbon to continue capacity expansion
Ninelu Tu, Taipei; Adam Hwang, DIGITIMES

Connector and cable assembly maker Sinbon Electronics invested NT$800-900 million (US$25.9-29.2 million) to increase its production capacity in 2018 to meet increased orders, and the capacity expansion will continue in 2019 and 2020, according to company chairman Joseph Wang.

Sinbon has six plants: one in Taiwan, three in China, one in the US and one in Hungary. The capacity expansion will be mainly at the plants in Taiwan and China, Wang said at an investors conference December 26.

Sinbon posted consolidated revenues of NT$11.820 billion, gross margin of 24.88%, net operating profit of NT$1.237 billion, net profit of NT$1.186 billion and net EPS of NT$5.26 for the first three quarters of 2018.

China accounted for 56% of the consolidated revenues; the US, 16%; Europe, 8%; Japan and Taiwan, 5% each; and the others, 10%.

In terms of application of Sinbon's products, communication products accounted for 30% of the consolidated revenues; industrial products, 27%; green energy, 24%; automotive components, 10%; and medical care, 9%.

January-September sales from green energy, medical care and automotive components grew 46%, 19% and 18% respectively on year.

Through cooperation with existing and potential clients, Sinbon is developing connectors and cable assemblies for use in wearable airbags (for old people's safety when they fall), powered exoskeletons, automated dispensing cabinets of pharmaceuticals, electric vehicle charging equipment, automotive motors, electric bicycles, LiDARs, smart robots, wind turbines and related equipment, Wang indicated.

Sinbon has reported consolidated revenues of NT$1.309 billion for November, decreasing 6.97% sequentially but increasing 15.24% on year, and those of NT$14.663 billion for January-November grew 16.82% on year.

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