Tiweixi revenue this year is rising; grab the ASEAN OE/AM automobile market opportunities

AM lamp factory tiweixi days before the meeting of the shareholders, the financial statements that last year, revenues of 15 billion 45 million yuan, net profit after tax of 670 million yuan, EPS2.43 yuan, rewriting nearly 12 years of record, and the allotment of cash dividend 1.5 yuan. Chairman Wu Junji said in May this year, revenue has increased by 6% in the year, in order to maintain a considerable growth rate for revenue, have the opportunity to a new high, the profit is also increasing in addition, see synchronization; optimistic about the ASEAN market, this group will expand the AM of Thailand, Indonesia and Malaysia OE layout, hope the next 5 years working to maintain growth momentum.

Tiweixi revenue of 15 billion 45 million yuan, the annual increase of 7.78%, to rewrite the record high (net investment big Mao Wei Ruike Lighting Co. Ltd.), operating income of 830 million yuan, while the annual increase of 138.6%, and pre tax earnings of 1 billion 120 million yuan, the annual increase of 36.98%, EPS2.43 yuan, profit is the best results for nearly 12 years.

Tiweixi but before May of this year, revenues of 7 billion 948 million yuan, the annual increase of 6.24%, Wu Junji analysis, this year's growth, mainly from home and abroad in the new car market continued active, driven by the AM lamp sales space for the growth of the company's future, will also speed up the new product development, shorten the new product time to market, to ensure the leading position in the market; this year the company continued to grow as the goal, at least 5% revenue growth target.

Wu Jun continued to be optimistic about the development of overseas auto industry, especially in mainland China and Southeast Asia ASEAN market this year, the layout of the two regions will be positive.

He said, some will spend $5 million (about NT $160 million yuan), Kunshan to expand the factory warehouse, with about 2600 square meters, next year is expected to be completed in the first half, which is expected to be 8 to 10 container volume of the existing warehouse, doubling to 20 container storage space, so as to fully supply the mainland at present, the development of the huge demand of 25 new car factory mold of automotive lamp quantity.

It is worth noting that the special supply OEM factory in Changzhou last year, revenue reached 1 billion 100 million yuan, profit of 100 million yuan, in Weixi holding 50% calculation, profit contribution of about 50 million yuan (NT $200 million yuan), and this annual cash dividend, Wu Jun Ji said, this is the tiweixi group to invest in the mainland for the first time since the Changzhou factory, Taiwan tiweixi profits back to the parent company, the group estimated the factory revenue this year have the opportunity to grow more than 10%.

Southeast Asia is more tiweixi most optimistic about the market, Wu Junji said, 10 years of ASEAN great development space in the future. Tiweixi in ASEAN market in the AM sector, will be tiweixi factory in Thailand as the center, through the regional distributors, car repair market layout in Southeast Asia, and South Burma, Kampuchea and other offensive semiconductor and other emerging markets.

He pointed out that the Thailand revenue last year of about 500 million baht, is not yet profitable, good in the ASEAN car ownership growth dynamic, Thailand tiweixi 2020 revenue opportunities doubled.

As for the Southeast Asian OE market, will be holding 70% of the elitech company responsible for the attack between Indonesia and Malaysia domestic car market. Wu Junji said that last year, the revenue of 17 yuan, $1 billion 800 million, the main revenue is still from Taiwan, while the proportion of Indonesia is still relatively small, is expected to plant in Indonesia has been plant cover for the past 3 years, this year can gain or loss of two square.

Wu Junji said, optimistic about the annual car sales in Indonesia has reached 1 million units, the size of the revenue of the next hundred years, Indonesia, Indonesia, the plant has the opportunity to go beyond Taiwan in the next 5 years. In the Malaysia market, Confucianism has been actively striving for local Proton, Perodua two major domestic car factory new car light development, and should plant requirements, plans to go to Malaysia to set up the car assembly plant.

Tiweixi legal assessment, in the second quarter of this year is not short, the third quarter is expected to gradually into the season, the annual revenue to maintain 5-10% growth, at 16 billion yuan, will go back to the history of high-grade level, while the EPS will have the opportunity to reach 3 yuan.

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