ShuzTung Expresses Optimism for a Return to Growth Trajectory in 2024
In December 2023, ShuzTung reported a revenue of approximately NT$98.6 million, marking a 72.92% year-on-year decrease but a 173.69% increase compared to the previous month. The significant drop in annual revenue was attributed to deferred orders at the end of 2022 and early shipments before the year-end, leading to a higher base period. In 2023, there was a lack of similar demand, contributing to a challenging operational performance. The company focused on reengineering its machinery and experienced delays in some orders, pushing them into 2024.
Market research agencies anticipate an 8% increase in demand for LCD panels in 2024, driven by the hosting of major sports events and the trend toward larger TV sizes. Despite no new factory investments in 2024 and orderly capacity adjustments by panel manufacturers, the estimated 1.6% increase in supply suggests a gradual improvement in the overall supply-demand relationship. ShuzTung emphasized its commitment to enhancing the value of panel equipment, serving major panel manufacturers in Taiwan and China. The company's diversified and high-value integrated equipment offers a competitive advantage, despite panel manufacturers exercising caution in capital expenditures, as there is still a demand for production line upgrades.
ShuzTung Expresses Optimism for a Return to Growth Trajectory in 2024 | Intelligent Process Equipment for Industry 4.0. Manufacturing | Shuz Tung
Based in Taiwan since 1979, Shuz Tung Machinery Industrial Co., Ltd. is a manufacturer of intelligent process equipment. It's main intelligent process equipment include, semiconductor automation equipment, semiconductor metrology and inspection equipment, flat panel display turnkey equipment, TFT-LCD module process whole line equipment and wafer shipper automatic packing and unpacking machines. We offer customized designs for optimal equipment efficiency in high-tech industries. Prioritizing speed of production, quality and environmental friendliness ensures competitive advantage and significant added value.
Established in 1979, with 43 years vast experience and resources in customized equipment manufacturing, and outstanding optical, mechanical, electronic, software, and system integration ability, Shuz Tung Machinery Industrial focuses on the core technologies, including Precision Mold Manufacturing, Laser Repair and Cutting, High Accuracy Bonding (PCB Bonder), Automatic Optical Inspection (AOI), Artificial Intelligence Imaging, and Turnkey Solution for Smart Manufacturing.
Shuz Tung has been providing customers with high quality intelligent process equipment since 1979, both with advanced technology and 30 years of experience, Shuz Tung ensures that each customer's needs are met.