Benefiting from the rising price of sapphire substrates, Zhaojing Zhaoyuan Q4 revenue is expected to continue to increase

Sapphire substrate giants Zhaojing and Zhaoyuan's September revenues all reached record highs. Zhaojing's September revenue reached NT$259 million, with a monthly growth rate of 5.6% and annual growth rate of up to 3 times. Accumulated from January to September. Revenue reached 1.064 billion, up 242% over the same period of 2009; Zhaojing's September revenue reached 212 million, an increase of 14.9% from August, an increase of 247% from September 2009, and accumulated revenue from January to September reached 1.225 billion. It grew 185% over the same period in 2009.

The industry pointed out that the price of 2 sapphire substrates, from $20 to $25 in Q3, rose to $25 to $31 in Q4, with an average increase of 25%. In addition, Zhaojing is supported by Hon Hai Group. Zhaoyuan is supported by UMC Group. Hon Hai Group holds 9% stake in Zhaojing. UMC Group holds 4.86% of shares through Hongcheng Venture Capital. Hon Hai and UMC will have Help Zhaojing, Zhaoyuan to improve performance. It is estimated that the two Q4 revenues will continue to grow.

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