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The leading fastener manufacturer Chun Yu shows good results in order acceptance and its business in China and Europe also performs really well. Artificial persons analyze that its consolidated revenue this year may reach NTD 10 billion while the result in H2 2014 will be better than that of H1 2014. General Manager Lee pointed out that the annual revenue growth of Chun Yu is always over 20%, though, the growth of the entire group was influenced due to the recent loss of its subsidiary in China. However, opportunities created by the projects of skyscrapers in Wuhan (China), demand from car manufacturers, and the construction of high speed rails continue to emerge, the economy till the year end of 2014 is estimated to be positive.

 

Chun Yu offers a wide range of products for applications from bicycles, furniture to steel construction and bolts for bridges. In the most recent years, it pays much attention to construction screws and has achieved remarkable results. On July 16, the stock price of Chun Yu increased by NTD 0.05 to close at NTD13.5. It also focuses on the upgrade of products, which efficiently elevates its gross profit. According to a current financial report, the gross profit of Chun Yu in the most recent years has risen from 13% to 16% and the performance in H1 2014 stays at the high level, too. In addition, as it continues to focus on the development of high-end construction screws, showing a stable base for the company, it is thus estimated that the consolidated revenue of Chun Yu this year will be over NTD 10 billion.

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