Reported 8 months ago
XINYA Electronics held a shareholder meeting on June 24, 2024, with Chairman Lee Ke-Chu stating a strong financial performance in 2023 with revenue reaching 14.1 billion NTD and net profit of 6.4 billion NTD, marking a 'bumper year.' Looking ahead to 2024, XINYA's revenue and profit are expected to surpass 2023, mainly driven by overseas licensing with the strongest growth in Southeast Asia. The company's overall operations are moving towards positive growth, leveraging AI technology in game art design and programming. XINYA also approved a dividend policy offering cash dividend of 35 NTD and stock dividend of 10 NTD, indicating readiness for future growth by increasing authorized capital to 5 billion NTD. Southeast Asia has seen rapid growth, becoming XINYA's top market in the first five months of the year. Taiwan ranks second in market share.
Source: YAHOO