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Taiwan-based Taiflex Scientific has announced financial results for the fourth quarter of 2018 and the whole year 2018. The company saw its 2018 consolidated revenues drop from a year ago, but the gross margin was at above 20%.
According to a Digitimes report, whether the company is able to make it into the supply chains of China-based smartphone vendors with its modified polyimide (PI) materials will be a major factor deciding Taiflex's performance in 2019.
Taiflex has decided to quit the solar market and is looking to clear out the remaining inventory in mid-2019. Since the company is offering the inventory at low prices, the sales of the solar products are expected to undermine Taiflex's overall gross margin for the year slightly, Digitimes adds. But the company's other IT components, whose prices went up in 2018, contribute much larger portions of revenues than the solar line.