Reported 8 months ago
According to Lung Sze Technology (6609), the company's performance is expected to improve steadily throughout the year despite the impact of China's termination of the ECFA agreement. With orders visible until the third quarter and the benefits of integrating with Japan's Nidec group becoming more apparent, Lung Sze Technology aims for growth in revenue and profits for the full year. Despite a loss in the first quarter, the company remains optimistic, focusing on cost reduction strategies and adjusting production locations to mitigate the effects of the ECFA termination.
Source: YAHOO