Cable assemblies contributed 74.02 percent of the company’s total sales last month, while connectors and other components and accessories made up 25.98 percent, Sinbon said in a statement. For the whole of last year, accumulated sales rose 14.9 percent annually to NT$18.172 billion, an all-time record for the company. “Even though the world economy in 2019 was in an unstable status due to the US-China trade war, Sinbon has generated a good record for the year,” the company said. Last year’s sales figure was comparable to Yuanta Securities Investment and Consulting Co’s (元大投顧) forecast of a 15 percent increase to NT$18 billion and Jih Sun Securities Investment Consulting Co’s (日盛投顧) estimate of a 14.44 percent rise to NT$17.9 billion. About 70 percent of the company’s production capacity is in China, but Sinbon has built manufacturing sites in Taiwan, Hungary and the US.

Source: Taipei Times January 05, 2020 15:56 UTC