Reported 7 months ago
Li Juan-ping/Taipei reported on June 14, 2024, at 4:10 PM, Hanlei (3707) held a shareholder meeting where they indicated that post-pandemic, customer inventories continue to reduce, with some customers urgently placing orders. The company expects the worst is over and with the demand returning to normal, performance in the second half of the year should gradually improve. They acknowledged the profit distribution for 2023 and approved private issuance of common stock within the range of 50 million shares to introduce specific funds for operational capital and loan repayments. Despite a 20% decrease in revenue in 2023, Hanlei is optimistic about the future outlook, focusing on compound semiconductors' development and anticipating growth in energy-efficient semiconductors and electric vehicles, expanding the demand for compound semiconductor power components. The company is investing resources in developing new technologies and expanding its market share in professional power components and energy devices.
Source: YAHOO