Revenue growth rate of Wuhu Token Science reached 33.26% for the first three quarters, whereas that of the third quarter decreased to 12.21%. The reasons for the lowered growth include decelerated capacity growth and sluggish market demand.
Till the end of 2010, Token Science had 9 ITO conductive glass production lines. There are another 3 production lines go into operation in 2011. In terms of the corresponding capacity, it is hard for Token to repeat high speed growth for conductive glass business as 2010.
In addition, electronic market presents sluggish demand in 2011. Even worse, entering into September, peak season of ITO conductive glass did not arrive as scheduled.
ITO Conductive Glass Project Progress of Token Science
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Time
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Production Line Construction
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2000-2004
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Construction of three professional ITO conductive glass (TN type) production lines: I, II, III
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2005-2006
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Establishment and operation of IV production line (compound type of TP and TN), V production line (TN type)
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Aug. 2007
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Completion of VI production line (STN type) with annual capacity of 2.4 million pieces
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Jun. 2008
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Operation of VII production line (TP/ARTP-ITO) with annual capacity of 1.2 million pieces
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Jun. 2010
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Operation of ITO conductive glass (for touch screen) production line I and II
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Apr. 2011
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Operation of ITO conductive glass (for touch screen) production line III
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Sept. 2011
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Operation of high-end ITO conductive glass (STN type) project
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