Reported 8 months ago
During the shareholders' meeting held by Quanmao (1104) on June 21, 2024, Chairman Hou Boyi presided over the event. Despite facing challenges such as high interest rates, inflation, and shortages in the construction industry in 2023, Quanmao's product sales and profits continued to grow steadily, with earnings per share reaching 3.13 yuan. Benefiting from TSMC's entry into Taipao, Quanmao's long-term leased Taipao plant is expected to be recovered this year and will join TSMC's construction supply chain in Chiayi in 2025. The company's main businesses include ready-mixed concrete, cement, and gypsum board building materials. CEO Hou Zhiyuan mentioned that despite the completion of TSMC's plant in Tainan, construction is ongoing in Kaohsiung with various public engineering projects, keeping the market relatively stable. Quanmao's revenue in 2023 increased by 10.58% year-on-year to 7.802 billion yuan, with a net profit of 2.347 billion yuan and earnings per share of 3.13 yuan. The company is also expanding its concrete and cement production facilities to meet growing demand in various regions and sectors.
Source: YAHOO