Shenzhen Enrich Electronics Co.,Ltd

TPK CEO and President Leo Hsieh revealed at the company's latest investor conference that the equipment for producing silver nano-touch solutions will be completed in the third quarter of 2019, which will lay the foundation for the company to start mass production of related products.

Hsieh said sampling and verification of the company's silver nanotouch solutions for foldable smartphones or large-size display applications is underway, and customer devices produced with the new solution may be available by the end of 2019 or early 2020. However, as the production of foldable smartphones will remain limited in the coming year, the revenue of silver nano-touch solutions is difficult to reach 10-20% in 2020. According to industry insiders, TPK has cooperated with BOE to develop silver nano touch products for large-size display applications, and will start mass production in the third quarter.

In the first quarter of 2019, TPK consolidated revenue was NT$31.156 billion and net profit was NT$24 million (US$775,992) or NT$0.06 per share.

Due to increased shipments of notebook and large-size tablet touch solutions, revenues in the first quarter fell by 26.9%, but gross margins rose from 3.7% in the previous quarter to 3.9%.

According to TPK, capital expenditures for the next quarter will increase to NT$1 billion due to investment in silver nanoproduct production equipment compared to the capital expenditure of NT$590 million in the previous quarter.