Reported 10 months ago
During the Formosa Plastics shareholders' meeting, Chairman Jason Lin reported that the company's combined revenue last year was 259.75 billion TWD, a 26.9% decrease from the previous year, with a post-tax profit of 0.8 TWD per share, marking its second lowest profit since going public. Lin acknowledged the challenging operations but expressed optimism in the company's transformation towards electronics, particularly with a focus on AI and other emerging opportunities. Despite the tough market conditions due to oversupply and competition, Lin highlighted the company's efforts in expanding into high-value markets like medical and electronic materials, as well as the increasing importance of electronic materials in the company's revenue. Looking ahead, the company plans to leverage new technologies and develop new businesses in areas like high-speed communication, AI materials, and green products for sustainable growth.
Source: YAHOO