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Yageo revenue decreased by 38% in October

Yageo revenue decreased by 38% in OctoberYageo announced that its self-integration and revenue in October this year was 6.315 billion yuan (NTT, the same below), an increase of 108.2% over the same period of last year, a decrease of 38.4% from September, and the lowest of the latest 6 month; the cumulative merger in the first 10 months Revenue was 67.252 billion yuan, an increase of 162.3% over the same period last year.

Yageo expects its operation to weaken in the fourth quarter of 2018 as the company has seen its customers decelerate their pace of orders.

Seasonality and the escalating US-China trade disputes have had a negative impact on demand coming from its customers in Greater China, Yageo indicated. Nevertheless, Yageo is positive about the evolution of the passive component industry, and will continue to vie for a bigger presence in the global marketplace.

While building new production lines for conventional products, Yageo will also be improving its product mix by raising the output and sales of its high-end products such as high-voltage power resistors, precision resistors, and automotive and industrial resistors and capacitors. Meanwhile, Yageo is looking to further expand its ties with the world’s major ODMs/OEMs.