Semiconductor materials channel business Chong Yue Technology (5434) public revenue in November, reaching 1.057 billion Taiwan dollars, an increase of 5.71% over October, an increase of 38.87% over the same period in 2009. The accumulated revenue for the first 11 months was 10.598 billion yuan, a year-on-year increase of 39.06%. Operating gross profit for November was 122 million yuan, a decrease of 4.13% from October and a growth of 38.77% compared with the same period in 2009. The accumulated gross profit for the first 11 months was 1.256 billion yuan, up 59.14% from 2009.
Chongyue expects 2010 annual revenue to reach more than 11 billion yuan, Q4 is about 20% lower than Q3, and gross profit margin will be the same as Q3.
Looking forward to 2011, Chongyue's Japanese cell activation technology equipment is expected to contribute about 600-800 million yuan in revenue, coupled with the demand for existing LED heat-dissipating materials, solar slurry and sewage treatment-related businesses. Revenue will increase by more than 15%.
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