Reported 12 months ago
Precision machinery metal processing parts manufacturer Timing (4566) held its shareholders' meeting on June 27, 2024, at 4:10 pm in Taipei, where a dividend of 1.43471349 yuan was approved. Timing stated that demand in the automotive parts and aerospace industries is picking up, leading to a positive outlook for this year's operations. The company is diversifying risk by targeting niche markets in sectors such as automotive, bicycles, and aerospace, not only in China but also in Europe and America. Despite the slowing momentum in the bicycle market, the performance is supported by the continuous growth in demand for automotive parts and aerospace. Timing is also expanding its presence in AI servers and aerospace industries, with investments showing positive returns, even amidst geopolitical challenges with expansions in Thailand. The company's self-reported EPS for the first four months of the year reached 2.11 yuan, with revenue in May and the first five months showing growth. The market conditions have improved with increasing demand, inventory depletion, and opportunities in areas like electric vehicle drive systems, autonomous driving systems, and aviation industry recovery. The company is optimistic about its business prospects for the year, especially with new product developments and applications expected to contribute to revenue, possibly in the fourth quarter or the first quarter of the following year.
Source: YAHOO