Reported 12 months ago
Chairman Xie Ruimu of Bode (4563) announced that recent orders mainly focus on the aerospace, energy, and wind power industries, with a backlog of over 1.5 billion NTD, showing growth compared to the same period last year. Despite a sluggish economy in the second half of the year, Bode's operations are expected to remain stable, with revenue and profits growing for the full year. Bode's first-quarter profit from core operations reached 59 million NTD, with an additional 21.1 million NTD from exchange gains, leading to an EPS of 0.83 NTD, surpassing competitors to become the profit leader in the machine tool industry. Xie mentioned that the depreciation of the yen poses a significant threat to Taiwan's machine tool industry, as Japanese competitors with competitive pricing due to the weakening yen. With increasing demand from the Chinese market, Bode plans to lease a factory in Zhongshan, Guangdong to commence production by the end of this year or early next year. The company's strategy in the Chinese market involves gradual production scale-up, initially focusing on small-scale production of at least 50 high-end milling machines annually, targeting industries such as aerospace, automotive, and molds, with expectations for mass production beyond 2027. For more Business Times reports: Approval of Environmental Impact Assessment Disputes at the Zhuke Copper Gong Park, 12 Stocks Witness Continuous Foreign Buying Amidst Component Shortages, Global Server Market Adjusted Down by 7%.
Source: YAHOO