Reported 8 months ago
Huadong (1603) is benefiting from Taiwan Power's Resilient Grid Project with over NT$5 billion in hand orders. Their 161KV ultra-high-voltage cable production line is at full capacity, prompting them to start developing 345KV ultra-high-voltage cables with the goal of qualifying for Taiwan Power tenders by the end of 2027. At the shareholders' meeting on June 21, Huadong approved a cash dividend of NT$1.3 per share, elected 2 directors and 3 independent directors, with Chen Liangyin appointed as chairman. Chen indicated a commitment to market development, innovation, and operational resilience to ensure sustained growth for the company. Huadong's cable orders primarily come from Taiwan Power, and with the current 161KV production line already profitable and at capacity, their focus for this year is on developing the 345KV XLPE cable project, aiming to complete testing by February 2026 and secure qualification for Taiwan Power tenders by the end of 2027. Regarding the challenging aluminum door and window market, Huadong signed an OEM contract with Japanese giant TOSTEM to promote high-performance aluminum door and window systems for luxury home projects and develop barrier-free facilities for the increasing elderly population in Taiwan by 2026. Additionally, Huadong plans to utilize 2MW of land in the Lizet Industrial Zone to build a solar photovoltaic field and rent out remaining lands for a large-scale energy storage system. This article also covers other business developments such as the demand for Liaoning Changcheng Semiconductor bidding derivatives and the upcoming launch of the Confirmation Platform for Derivatives in the 2022 season. Global server shipments are rising, as TrendForce forecasts a 5% growth for next year.
Source: YAHOO