Capacitor maker Taiwan Chinsan Electronic Industrial is expected to report net EPS of over NT$5 (US$0.17) for 2013, based on its better than expected performance recorded in the first three quarters of the year, while sales in the fourth quarter still remained strong, according to industry sources.
EPS stood at NT$1.14, NT$1.39 and NT$1.5, respectively, in the first three quarter of 2013, while EPS of the fourth quarter is likely to be slightly lower than the NT$1.6 as posted in the same period of a year earlier due to seasonal factors, estimated the sources.
For 2014, the company aims to boost sales to the industrial sector in Japan as well as to the TV and power supply devices segments in China, revealed the sources, adding that shipments to the TV industry are expected to grow from 35% to 40% of Chinsan's total sales in 2014, while those shipped to the industrial sector will expand from 10% to 15%.
Chinsan has recently expanded its electrolytic capacitors production lines at its plant in Guangzhou, China, which will enable the company to start ramping up output from the second quarter of 2014, Chinsan said.
