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Chun Yu, the long-standing fastener giant is seeing stable purchase orders as a result of proper adjustment in market, product and client structure, but in the short term it has to keep a close watch on the effect of depreciated euro and yen. Its factory in China Anshan plans to dispose of part of equipment this year to halt business deterioration. Its factory in China Dongguan expects to increase assets in the mid and long term with the help of the government's "3 reforms" policy.

 

Chun Yu has factories in Taiwan, China, and Indonesia. Its products are reputable in the world. The Taiwan and Dongguan factories have acquired accreditation in railway fasteners, and prospect for future business opportunity is optimistic. The Taiwan factory have relatively stable profits, but Chun Yu's diversified reinvestments, which have not earned profits yet, are restricting the overall profit performance.

 

The Taiwan factory accounts for 50% of total revenue, the China and Indonesia factory both take a little more than 20%.  The Taiwan factory is seeing pretty good order reception, but the profit performance in the short term may be restricted by recent euro and yen depreciation because around 40-50% of revenue comes from Europe and Japan.

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