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Ching Chan Optical Technology continues to report good results from its global business deployment with its new Taiwanese HQ inaugurated this January and increasing popularity of its screw & nut sorting machines. Ching Chan’s revenue last year reached NTD0.58 billion, up 80% from NTD 0.32 billion in the previous year. Although there are many unfavorable factors in the market observed this year, its revenue is still expected to reach record high NTD0.75 billion (a 30% growth). Ching Chan is currently planning to have its own shares publicly traded over the counter and its shares are expected to be officially traded over the counter after this Dec.

 

President Alex Wu pointed out that the fastener industry this June revealed a significant decline. However, Ching Chan still reported good revenue results and stable order acceptance continuing from last year. Although the market demand in Q3 is weak, Ching Chan can maintain similar performance as in last year’s corresponding period due to its strategy of “don’t put all eggs in one basket”, unique features of its machines, brand reputation, and excellent after-sale service.

 

In order to strengthen its operating performance and achieve diversification, Ching Chan has expanded its business range to the production of high-end fastener formers. In its production line for fastener formers in the new Kaohsiung-based plant, it has 50 well-experienced industry veterans, who all have been working in this industry for more than 10 years. With its well-established global distribution network for sorting machines, the operating performance next year is very promising.

 

Ching Chan’s machines are sold to more than 30 countries around the world, and most of its customers are world leading fastener suppliers. It also offers sorting service for companies in automotive, aerospace, electronics, 3C, and medical industries and is planning to expand business to the development of inspection machines for powder metallurgy and oil seals.

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