Synnex preliminary consolidated financial results were as follows:
        In Q2’14, Synnex consolidated revenue was NT$77.6bn, slightly lower than NT$78.8bn in the prior year. 1H’14 YTM sales revenue was NT$155.8bn, showed a +2% YOY growth over NT$152.4bn in the prior year. 


        By products breakdown were as follows:
        (1). IT sales revenue： 
        In Q2’14 the sales revenue totaled NT$43.3bn, shared 56% of total consolidated sales revenue with a decrease of -1% YOY. 1H’14 YTM sales revenue amounted to NT$85.1bn, shared 55% of total consolidated sales revenue with a decrease of -3% YOY. 

        (2). Telecom revenue： 
        In Q2’14 the sales revenue totaled NT$3.9bn, shared 5% of total consolidated sales revenue with a decrease of -5% YOY. 1H’14 YTM sales revenue amounted to NT$7.7bn, shared 5% of total consolidated sales revenue with a decrease of -22% YOY.

        (3). Consumer Electronics revenue： 
        In Q2’14 the sales revenue totaled NT$9.1bn, shared 12% of total consolidated sales revenue with a decrease of -28% YOY. 1H’14 YTM sales revenue amounted to NT$21.2bn, shared 13% of total consolidated sales revenue with a decrease of -7% YOY.

        (4). IC components revenue： 
        In Q2’14 the sales revenue totaled NT$21.3bn, shared 27% of total consolidated sales revenue with a +17% YOY growth. 1H’14 YTM sales revenue amounted to NT$41.8bn, shared 27% of total consolidated sales revenue with a +32% YOY growth.

        As the product segment, IT enterprise market’s demand remains strong and the demand in consumer market back on track. However the overall IT product still have small decline compared to last year.
As the telecom product, rising in sales volumes is offsetting by the decline in ASP, leading to the flat revenue.

        As the consumer electronics product, although Q1 YoY was up 19%, Q2 YoY decline by 28%, resulting the 7% decline in 1H revenue. The main reason for Q2 weak performance is due to the flat demand for tablet products, ASP falling faster than expect and the delayed schedule for Xbox One launching in Hong Kong and Taiwan.

        As the geographic segment, figures below calculated in local currency, Indonesia growth pace remain steady, 1H revenue increase of 28%; Australia and New Zealand 1H revenue grow 17% due to the increase in market share. Synnex Corp., our domain investment, benefited from the growth in U.S., Canada and Japan market, 1H revenue increase of 31% YoY and net profit increase of 19% YoY.

        Look ahead to Q3, Microsoft had announced that they will start selling gaming console and software for the first time in China market, and will also bring Xbox One to Hong Kong and Taiwan simultaneously; moreover, we expect Apple, Samsung, Microsoft and other big brands all will release their new product in Q3. As the result, we can have such high expectation on catalysts above contribute to Synnex Q3 performance.