Wintek of Taiwan Sees Revenues Grow 25% QoQ in Q3

Taipei, Oct.9, 2012 (CENS)--Benefiting from new releases of tablet PCs and smartphones, including Google Inc.'s Nexus 7, Wintek Corp., a Taiwan-based supplier of touch panels, saw combined revenues in September decrease 3.13% month on month (MoM) to NT$9.724 billion (US$324.13 million), but up 33.65% year on year (YoY) and 25.85% quarter on quarter (QoQ). An institutional investor says, with growing shipments of medium-sized touch panels that are more profitable, Wintek is likely to turn losses into profits in the third quarter.

The firm saw consolidated revenues in the first three quarters reach NT$79.329 billion (US$2.644 billion), up 18% YoY.

Wintek's revenues of NT$28.16 billion (US$938.67 million) in the third quarter a tad shy of NT$28.79 billion (US$959.67 million) in the first quarter, and far better than NT$22.37 billion (US$745.67 million) in the second quarter. Besides, the firm has also improved product mix, with OGS (one glass solution) touch panels accounting for 20~25% of total shipments in the third quarter to generate profits.

With highly-developed OGS technology, Wintek is selected as the top supplier for Fujitsu Kabushiki-Kaisha, a major device vendor in Japan, as well as a supplier of OGS panels for Sharp Corp.'s smartphones.

Responding to growing demand for OGS panels due to expected popularity of Intel Corp.'s ultrabook and Microsoft Inc's Windows 8, Wintek has completed early-phase production processing of medium & large-sized touch panels, and formed alliances with touching-sensor makers including BOE Co. Ltd. in China and HannsTouch Solution Inc.

Wintek aims to continually improve product mix in the fourth quarter, raising the proportion of OGS shipments, despite uncertain impact on revenues due to decreasing shipments of mobile phones.