 2014-03-28 |
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Juheng News, Reporter Yang Lingwen, Taipei
YC (4306-TW) held its board meeting today (March 28) to approve the financial statements for the past year, dividend distribution, and the appointment of a new general manager. The company reported consolidated revenue of NT$19.618 billion for the previous year, a 7.8% increase from NT$18.193 billion in 2012. Consolidated net profit after tax reached NT$740 million, up 291.53% from NT$189 million in 2012. The annual earnings per share (EPS) was NT$1.68, with a proposed dividend distribution of NT$1.44 per share, including NT$1.00 in stock dividends and NT$0.44 in cash dividends.
YC also announced that the former general manager, Xie Qiang, has been reassigned, and Li Shu-Wei will be appointed as the new general manager. Li, a graduate of Ming Chuan University with a degree in International Business Management, has previously served as the general manager of Ningbo YC and is currently the chairman and general manager of Ningbo YC and Wang Zhou Construction. His extensive experience within the YC group qualifies him for the role of general manager.
The company attributed its impressive profit performance to the recognition of gross profit from the "Yunpin" project at Wang Zhou Construction under IFRS, along with improvements in product mix and production expansion benefits. This year, YC plans to actively develop new products and customer sources, increase product applications and sales combinations to improve profitability structure. The film business will focus on applications in electronic materials, while the tape business will work on enhancing adhesive formulations and strengthening production and sales efforts. Looking ahead, the company expects revenue and profit contributions to improve, driven by enhanced profitability structure and stable order growth.
The group's subsidiary, Xin Zhou Global (3171-TW), reported full-year revenue of NT$538 million, a 17% decrease from NT$645 million in 2012. Consolidated net profit after tax was NT$30.25 million, showing significant growth compared to the previous year, with an EPS of NT$0.61. Xin Zhou Global's revenue performance fell short of expectations due to adjustments in its operations in the mainland China market. However, with the restructuring and expansion of its business locations and distribution channels after taking over YC's packaging business, the company is expected to see substantial growth in overall performance this year. |
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