CGPC to Prioritize Profit in Q2; Production and Sales Volume Expected to Be Slightly Lower Than Q1
NQ Score
3/100
N1 Content Completeness
4
AI Summary (NQ-processed)
Hu Chi-hung, General Manager of PVC manufacturer China General Plastics Corporation (CGPC), stated that due to significant volatility in the PVC market caused by the US-Iran conflict, the company will adopt a strategy prioritizing domestic sales and profit in the second quarter. This move is expected to cause a slight decrease in production and sales volume compared to Q1, but the unit gross margin is anticipated to improve through adjustments in the product mix. The company's Q1 revenue was NT$2.674 billion, with losses narrowing by 55% year-over-year.