[Taiwan] Lili Q4 cools down, hoping for new 3C products

Lili (1444) Group, a polyester processing yarn factory, held a law conference yesterday. Affected by the severe winter of the textile industry, Chen Hanqing, vice president of Lili, said frankly that due to the reduction in orders for major apparel brands in the fourth quarter, Lili’s revenue in the fourth quarter It will be significantly affected, and the industry in the fourth quarter is not as good as the first three quarters; however, Lili has actively developed new 3C-related products in recent years, and is currently expanding research and development with major 3C brand customers to increase profits. set a goal.

 

▲It is estimated that the annual growth rate of new products will be 30%:

 

The polyester fiber produced by Lili is subdivided into processed yarn, spinning pellets, industrial plastic pellets, SSP bottle ester pellets, POY raw silk, etc. Among them, the sales of bottle ester pellets increased by 34.79% year-on-year in the first nine months of this year compared with the same period last year. The annual decrease of silk is 12.57%, the annual increase of spinning grain is 13.35%, and the annual decrease of industrial plastic grain is 3.67%.

 

Chen Hanqing said that due to the decline in consumption power caused by inflation, the demand for standardized chemical fiber products in brand clothing factories has also decreased. The impact of the adjustment will emerge, and the turnover in the fourth quarter will drop significantly; however, nearly 50% of Lili's products are exported, and the exchange income from the recent depreciation of the New Taiwan dollar will also be significantly recorded.

 

Lili said that as the epidemic situation gradually slows down, Lili’s subsidiary in Indonesia, Libao, will expand the capital expenditure of the plant, and in the production of processed yarn, it will focus on improving specialization and high quality. A false twisting machine is expected to invest about 300 to 400 million yuan, and will continue to develop the environmental protection recycling of garments and shoe materials.

 

In recent years, Lili has also achieved success in developing 3C-related products, including Apple Computer and other international major manufacturers as one of its customers; Lili said that although the demand for 3C products accounts for less than 10% of revenue, it contributes a lot to Lili's winning In the future, we will actively cooperate with major 3C brand customers, with the goal of maintaining an annual growth rate of 30%. (Source: ec.ltn1101) ☺