San Shing's Q4 Revenue Expected to Drop While Q1 2016 Order Intake to Remain Stable

Affected by the continuous drop of steel price, San Shing's Q4 wrie rod price dropped sharply, leading to weaker revenue for October and November. The company's Q4 revenue is expected to decrease by 5%. However with the support of screw and nut shipment as well as improved product lineup, the company's Q4 revenue has a good chance to be better than Q3. Its order intake and buisness operation in Q1 2016 is expected to remain par with this year.

San Shing is an automotive nut manufacturing giant. Within its total revenue, screw/nut account for 80%, wire rod for 8%, mold 7%, and washer for 5%. It mainly produces products as per order, and has clients from OEMs of major car brands as well as end users from European, American and Japanese major brands. It continues to expand product line to provide clients with one-stop shopping service.

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