Reported 8 months ago
With continued strong performance in the AM sector and OEM taking over next year, East Sun is expected to see its revenue and profits rise this year. CEO Wu Yongxiang stated that with the upcoming launch of new energy vehicle models by traditional European, American, and Japanese automakers next year, the OEM market which has been sluggish for over three years is expected to turn around and rise. East Sun's revenue last year was 23.859 billion NT dollars, with a 12.1% year-on-year increase, and a net profit after tax of 3.019 billion NT dollars. Wu is confident that the company's operations will maintain growth momentum for the next three years. East Sun plans to distribute a dividend of 4 NT dollars per share. Wu highlighted the company's financial health, abundant cash reserves, and the strategic investment in new energy vehicle parts production. They are anticipating a significant increase in demand for related OEM parts as the new energy vehicle market expands.
Source: YAHOO