Reported 8 months ago
During Ascentech's shareholders meeting, Chairman Chen Shu-Min announced that the low Earth orbit satellite business, which accounted for around 15% of revenue last year, is expected to exceed 40% by the end of the second quarter as planned. The company will expand production capacity in Southeast Asia to meet the growing demands in the satellite communication industry, utilizing tax incentives and aiming for better tax efficiency. With a strong order backlog, the company anticipates a revenue and profit growth this year, showing optimism for future expansion and performance improvement.
Source: YAHOO