Reported 11 months ago
Due to inventory adjustments in the European market, touch panel manufacturer Fu Ching Tang (3623) had a 26.36% decrease in revenue in the first five months of 2024. In response to rising material prices, the company plans to increase the prices of resistive touch panels by 20%-50%. With new orders in the second half, they are expected to turn losses into profits. The company also introduced price adjustments and new products, focusing on improving profitability and revenue growth in the coming months.
Source: YAHOO