The passive component industry is on the path to recovery, with notable improvements not only in Yageo's operations in Taiwan but also in key players such as conductive paste manufacturer Qinkai, protective component manufacturer Xingqin, and inductor manufacturer Taiqingke. The industry consensus is that, with inventory adjustments returning to healthy levels and a resurgence in demand for certain consumer electronics, the second half of the year will see stronger operational performance compared to the first half.

Yageo's consolidated revenue for the second quarter amounted to NT $31.418 billion, representing a 10.2% increase from the previous quarter and a 17.4% increase compared to the same period last year. The consolidated after-tax net profit attributable to the owners of our company for the second quarter was NT $5.453 billion, marking an 18.3% increase from the previous quarter and a 46.6% increase compared to the same period last year.

Qinkai is a key supplier of conductive paste for passive component pointer factories, with a revenue of NT $126 million in July, a monthly increase of 4.1% and an annual increase of 17.5%. Its revenue has remained stable at NT $100 million for five consecutive months, indicating signs of industrial recovery.

Vice Chairman Zhuang Shuyuan of Qinkai stated that the company's future operational niche new products will mainly be special electronic pastes required for AI components, especially with the active deployment of related AI new products in the global market and strong demand for new materials. After obtaining customer certification, small shipments have already begun in July. If large factories start mass production in the future, the performance scale will be further expanded.

Xingqin's consolidated revenue in July reached a nearly 30 month high of NT $660 million, with a monthly increase of 1.32% and an annual increase of 11.67%; The consolidated revenue for the first seven months was NT $4.171 billion, with an annual growth rate of 1.08%. Xingqin is optimistic that as industrial inventory drops to a healthy level and demand gradually warms up, there is a chance for better operations in the second half of the year compared to the first half.

Xingqin emphasized that the company continues to focus on applications such as automotive, communication, industrial, medical, and solar energy storage, and constantly launches new products for verification and import on the client side. The order to shipment ratio (B/B value) has been greater than 1 for several consecutive months, indicating that the operation is on a growth track.

Taiqing Technology, a major inductor manufacturer, achieved a revenue of NT $493 million in July, a monthly increase of 9.05% and an annual increase of nearly 50%, reaching a new high in over two years since May 2022.

About Us

Guangdong Fulong Electronic Technology Co., Ltd. is a private high-tech enterprise specializing in the research and development, manufacturing, and sales of aluminum electrolytic capacitors, certified by ISO9001, ISO14001, and ISO45001. The company has a building area of 17000 square meters and more than 50 automated production lines; The total investment is 50 million yuan (RMB), with more than 100 employees, including more than 20 engineering and technical, quality management, and production management personnel. The annual production of capacitors (4 * 5.4~16 * 21.5) is about 400 million pieces; Our products are mainly sold to domestic and international markets, and we strive to promote our company's products globally.

Jiangxi Fulong Electronic Technology Co., Ltd. is a wholly-owned subsidiary of Guangdong Fulong Electronic Technology Co., Ltd. established in Hukou County, Jiangxi Province with a total investment of 500 million yuan. It has 50 fully automated production lines and an annual output of approximately 1.2 billion capacitors (4 * 5.4~16 * 21.5).

Fulong Group has an international professional core technology research and development team for aluminum electrolytic capacitors and a global sales network. Rich experience in the design, research and development, and production management of aluminum electrolytic capacitors. The R&D team follows the technical design theory of aluminum electrolytic capacitors, complies with international and domestic legal and regulatory requirements (RoHs), and adheres to the highest international quality standards

Fulong Group has high-quality and stable raw material supply partners, and key raw materials (such as aluminum foil, electrolytic paper, etc.) are selected from well-known Japanese and Korean companies (KJCC KDKNKK, etc.), ensuring reliable and stable advantages in product quality, environmental protection, safety, and energy conservation.

Fulong Group has a group of highly qualified professional technicians and management personnel who can produce various series of sheet aluminum electrolysis products according to customer requirements. The products include high-frequency low impedance, low leakage, wide temperature, extremely low impedance, non-polar, ultra long life, medium high voltage long life, high reliability and other new types of special requirements for surface mount products; At the same time, the company's products can withstand a soldering temperature of 260 ℃, meeting the lead-free reflow soldering technology required for SMT in the whole machine factory. All technical indicators of the products have reached or exceeded the international level of similar products.

While strengthening management and expanding operational scale, Fulong Group is also committed to improving its competitiveness and customer satisfaction, continuously and steadily increasing customer and social trust, continuously meeting market demand, further optimizing environmental management and expanding social contributions, and developing together with the electronics industry.

Guangdong Follon Electronic Technology Co., Ltd.

Jiangxi Follon Electronic Technology Co., Ltd.

Address: Building 3, South District, Haishan Science and Technology Park, Hukou County, Jiujiang City, Jiangxi Province

www.follon.com

Professional manufacturer of high-quality surface mount electrolytic capacitors