Shuztung's revenue growth in 2022 is expected to exceed 30%, boosted by strong sales in both the semiconductor and panel industries.

Shuztung's revenue growth in 2022 is expected to exceed 30%, boosted by strong sales in both the semiconductor and panel industries.

10 Jan, 2023

Equipment manufacturer Shuztung Machinery (4537) reported a December revenue of 364 million NT dollars, a monthly increase of 157.03% and a year-on-year growth of 116.94%. The full-year revenue for 2022 is expected to be 2.684 billion NT dollars, a year-on-year growth of 32.45%. Xutong said that the key factor behind the December revenue growth was the strong sales in both panel and semiconductor equipment, which also drove the overall revenue growth by 30% for the year.