Reported 8 months ago
At the shareholder meeting on June 18th, TPC reported a 12.4% year-on-year decrease in revenue in 2023 due to oversupply caused by significant new production capacities in mainland China. However, the company is focusing on product differentiation and market diversification to combat the oversupply issue. Despite challenges from mainland China's excessive production capacities, TPC remains cautiously optimistic about the second half of the year. The company's strategy of product specialization and global expansion is expected to build customer trust and contribute to improved performance in the coming months.
Source: YAHOO