If you put your heart to it you can achieve anything.
Valuetronic never cheat investors.
2021 Annual Report Outlook
As the COVID-19 pandemic continues to evolve and disrupt the global economy, the operating environment for FY2022 will remain challenging for both ourselves and our customers. Certain customers like our automotive customer for example, have switched their supply chain to another vendor in North America to serve the US market, and we will only see this the impact of this in FY2022 as their switchover was delayed by the COVID-19 situation in FY2021.
Given all the uncertainties and volatility due to supply chain issues, and a loss of orders from customers switching their supply chain because of Sino-US trade tensions, the Group’s financial results for FY2022 is expected to be significantly lower compared to FY2021.
1H FY2022 Outlook
With the components shortage affecting the timely fulfilment of customer orders, escalating
materials cost, compounded with the pressure of rising operating costs in China, the Group’s
financial results for FY2022 is expected to be significantly lower compared to FY2021.
Valuetronic released FY2022 annual result presentation today.
Valuetronics latest update highlight:
ICE Segment, Significant drop in sales from automotive customer; Preparing for trial production for new customers.
Vietnam campus commenced mass production from Q4 FY22 (FY22 ending 31 March 2022).
Business outlooks, management is cautiously optimistic to remain profitable for FY2023.
Valuetronics used 'cautiously optimistic' instead of 'warning tone' which were emphasized in previous updates.
I believed Valuetronics has hit the profits bottom line and was on the track of rising. We can trust Valuetronic managment team.
Management team has golden character, integrity. I believed she also treat customer sincerely. Customers will come to Valuetronic.
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