CLEAN EXIT: The firm is to divest of NT$50 million in solar energy-related products this quarter, but said that there are no bad debts among its accounts receivable

Taipei Times
Date: May 02, 2019
By: Kwan Shin-han  /  Staff reporter

Taiflex Scientific Co (台虹科技), which manufactures flexible printed circuit boards for mobile phones, on Tuesday gave a conservative guidance for this quarter, with revenue likely to fall 7.78 percent to NT$2.2 billion (US$71.19 million).

The forecast would represent a nearly 60 percent pickup from the previous quarter.

Chinese clients are supplying the demand, general manager Yen Chih-ming (顏志明) said in an earnings call, adding that the company plans to end its solar energy business entirely at the end of this quarter.

While orders from US clients fell, orders from Huawei Technologies Co Ltd (華為), Oppo Mobile Telecommunications Corp (歐珀) and Vivo Communication Technology Co (維沃) have increased, Yen said.    [FULL  STORY]