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2018-06-06

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2018/06/05
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The Ta Ya Board of Directors takes a group photo with the senior management of various businesses, hoping to have more positive operational results. (photo provided by Ta Ya)(圖/大亞提供)

        The 2018 general shareholder meeting of Ta Ya Electric Wire & Cable was held this morning (5th) at Guanmiao Headquarters. The board election was carried out as well as passing the decision to allocate NT$ 0.35 of dividends per share. Group Chairman Shen, Shang-Hung expressed that more cash funds are reserved in consideration for future developments. He hopes the company can reach new operation peaks and create more value for the shareholders.
        In 2017, the combined revenue of Ta Ya was NT$ 16.743 billion, net income was NT$ 467 million, profit margin was 2.8%, and earnings per share was NT$ 0.83. Shen, Shang-Hung expressed that in 2017, all the business operations of the group performed better than 2016, a result of the stable rise in international copper prices and the relentless hard work of all our employees to overcome difficulties. The first quarter of 2018 also performed stronger than the first quarters in the past. He is optimistic about the performance this year.
        Shen, Shang-Hung personally answered all the questions of the shareholders, including cash flow, inventory, and dividend allocations. The managerial staff of the company greatly values financial stability, pays close attention to the fluctuation of copper prices, changes in interest rate, and inventory. The increase of management fund was mainly used on employee bonuses, to share the operational success with the employees. Even though the allocated dividends this time was not the best, it is still better than the deposit interest rate. The company chose to reserve more cash funds for the future development of the company.
        Shen, Shang-Hung pointed out that the solar energy business is under good development, the scale of the power plants are also increasing everyday. For instance, a 10MW power plant requires approximately NT$ 500 million and the company is responsible for at least 20% in equity capital. The offshore wind power submarine cable plants require even greater investments and face more uncertainties, but once they are completed, they will be greatly beneficial for the prospects of the Group. The management team is carefully evaluating all proposals, hoping to create more value for the shareholders.
        The Articles of Incorporation was revised and the board election was held in this shareholder meeting. Starting from this term of office, Ta Ya will no longer appoint auditors. The audit committee comprised of the entire independent director team will replace the duties of the auditors. Director Chen, Min-De resigned on July, 2017 and is succeeded by Hong, Yan-Hong. The remaining directors Shen, Shang-Hung, Shen, Shang-Pang, Shen, San-Yi, and Shen, Shang-Tao, as well as independent directors Chang, Li-Chiu, Cheng, Tun-Chien, and Wei, Jun-Hsien renew their terms. Hong was the General Manager of Ta Ya Business Administration Group. She is familiar with all the business operations and internal management, beneficial for the continuous development of the Group.
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