Tyco Electronics Co., Ltd., the world's largest supplier of passive electronic components, reported that its second-quarter net profit rose 8.7%, from $277 million, or 56 cents per share, to $301 million. , 62 cents per share.
At the same time, its earnings per share from continuing operations increased from 57 cents in the same period last year to 62 cents. Quarterly revenues increased by 14%, from $3.2 billion in the same period last year to $3.66 billion. Tyco Electronics also raised its FY12 EPS estimates from the previous 2.45~2.55 USD to 2.60~2.66 USD.
In the continued good performance, the contribution of the Chinese market should not be underestimated. Prior to this, Tyco Electronics Global CEO Tom Lynch said in an exclusive interview with China Business News that half of Tyco Electronics’ global business growth in the next five years will come from the Chinese market.
According to the sales of Tyco Electronics in fiscal 2007, sales in the Chinese market reached 1.6 billion US dollars, accounting for 12% of the company's total sales of 13.5 billion US dollars, other countries in Asia accounted for 15%, the Americas accounted for 37%, Europe, the Middle East and Africa accounts for 36%.
In response to the market, Tyco Electronics announced last month that it has opened a new plant with an investment of US$11.79 million in Shanghai. The plant in Caohejing covers an area of ​​13,500 square meters. The first and second floors are used as workshops. The 3rd, 4th and 5th floors are offices and test laboratories, which will produce heat-shrink tubing, circuit protection equipment, cable assemblies and other electrical components used in the commercial, industrial, automotive, telecommunications and railway industries.
As a global company, Tyco Electronics opened its first factory in Shanghai in 1989 to provide services and support to local customers and the rapidly growing local market in Shanghai. To date, Tyco Electronics has 16 manufacturing plants and a research and development center in China; employs nearly 32,000 people, more than one-third of the world's total employees; and invested more than 6 in facilities, machinery and equipment. One hundred million U.S. dollars.
Regarding the next investment in China, Lynch did not want to be too specific. But we did invest a lot of energy and money in this market in China. We will continue to invest here to gain more potential customers in China.
Steve oNeil, senior vice president of Tyco Electronics China, also said that they believe China is a competitive manufacturing base. At present, Tyco Electronics is implementing the Eastern Industry Upgrade Strategy and plans to invest in the West China.
In order to meet the future development of Tyco Electronics' business in China and the world, Tyco Electronics has also deepened its research and development and engineering training fields to enable engineers' recruitment and R&D capabilities to keep up with the company's business development.
In order to train future engineers, Tyco Electronics will sponsor the 3rd National College Student Mechanical Innovation Design Competition to carry out innovative design and manufacture of environmental protection machinery, sanitation machinery and kitchen and bathroom machinery. In addition, Tyco Electronics has established an engineering center of 9,400 square meters in Shanghai in 2006, equipped with more than 100 engineers and technicians to provide research and development and production support for the Chinese and global markets.
1
Guangzhou Yunge Tianhong Electronic Technology Co., Ltd , https://www.e-cigarettesfactory.com