LinksLinks2

SAS 2020 AGM Approved Cash Dividend of NT$5 Dividend Payout Every 6 Months Favorable for Shareholders’ Reinvestment

Sino-American Silicon Products (SAS) held its 2020 Annual General Meeting (AGM) at Hsinchu Science Park Life Hub today (6/24) and approved 2019 business report, financial statements as well as NT$5 per share cash dividend distribution via earning and capital reserve, which is the highest since 2011. The record date is scheduled on July 29th and payment date on August 14th. The track record of consistently stable dividend payouts reflects SAS’ commitment to shareholder value creation.

 

SAS’ shareholders approved 2019 financial statements in the AGM today: the consolidated revenue totaled NT$65.51 billion; net income attributed to the parent company totaled NT$2.25 billion; EPS reached NT$3.86. Though the onerous contract provision on the solar polysilicon LTA totaled NT$4.35 billion recognized in 2019 Q2 eroded SAS’ earning, with the contribution by its semiconductor subsidiary, GlobalWafers (GWC), SAS’ financial performance was enhanced. GWC 2019 consolidated revenue achieved NT$58.09 billion, net income attributed to the parent company was NT$13.64 billion and its NT$31.35 EPS reached historical high! Significantly strengthened SAS’ gross profit and operating profit and both were all time high! Moreover, the ratification of amendment to the Articles of Incorporation allows SAS to change the frequency of appropriations of profits or losses into every 6 months, translating into dividend payout in every 6 months, which not only serves as a steady income stream but also is beneficial for reinvestment and flexible use of funds for shareholders.

 

SAS reports 2020 first quarter financial results as below: consolidated revenue of NT$15.28 billion, net income attributed to the parent company of NT$1.38 billion and EPS of NT$2.37. As for GWC, the consolidated revenue totaled NT$13.52 billion, net income attributed to the parent company totaled NT$2.88 billion and EPS amounted to NT$6.62! Its outstanding performance substantially contributed to SAS. However, the advent of COVID-19 brought severe impact to the global economy as well as dropping demand in overseas solar market, resulting in low visibility in 2H2020. Regarding the future, SAS will closely and continuously monitor the evolvement of COVID-19 with prudent response. Once the epidemic is eased and the quarantine policies launched by various nations are dismissed, the foreign demands are likely to recover and might bottom out in the third quarter. To accelerate the operating performance, SAS focuses on producing niche products, actively exploring solar power plants and constructing smart grids. SAS’ performances will be considerably improved with the fruitful profits from its semiconductor subsidiary, GWC, and will continue to augment its strategic and high-potential reinvestment and execute business transformation for further growth.

 

SAS was ranked Top 5% corporate governance among all Taiwanese listed companies by Taipei Exchange, and it has been honored with such award for six years in a row. Furthermore, its outstanding achievements were deeply recognized and ranked Top 58 manufacturer and Top 6 semiconductor manufacturer in Commonwealth magazine’s survey of Taiwan’s Top 2000 Enterprises, as witness of its superior corporate governance.

sites: make money online91 make money online92 make money online93 make money online94 make money online95 make money online86 make money online87 make money online88 make money online89 make money online90 make money online81 make money online82 make money online83 make money online84 make money online85 make money online76 make money online77 make money online78 make money online79 make money online80 make money online70 make money online72 make money online73 make money online74 make money online75 how to make money make money online how to make money make money online
Close Menu
sites: Links Links2 make money online91 make money online92 make money online93 make money online94 make money online95 make money online86 make money online87 make money online88 make money online89 make money online90 make money online81 make money online82 make money online83 make money online84 make money online85 make money online76 make money online77 make money online78 make money online79 make money online80 make money online70 make money online72 make money online73 make money online74 make money online75 how to make money make money online how to make money make money online