June 21, 2023 – Sino-American Silicon Products (SAS) today (6/21) holds the annual shareholder meeting with directors election. 7 new directors are elected, including Doris Hsu, Tom Yao, MK Lu, Wen-Huei Tsai, Feng-Ming Chang, Kai Jiang Co., Ltd. (Representative: Hau Fang), Kun-Chang Investment Company (Representative: Edward Andrew Ow); 4 independent directors are Jin-Tang Liu, Hao-chung Kuo, Shao-lun Li and Chien-Yung Ma. All directors unanimously elect Doris Hsu to continue to serve as the chairperson. It is worth mentioning that to pursue sustainable development, SAS devotes in strengthening the corporate governance and adds one independent director during the re-election to build a more effective board by relying on the expertise and independence of independent directors to be in line with global trends.
SAS 2022 consolidated revenue totaled NT$81.9 bn with YoY 18.9%; EPS reached NT$14.87, increasing by NT$3.25 YoY, both hit record-high. SAS May 2023 revenue totaled NT$6.69 bn with 3.88% MoM; the cumulative consolidated revenue reached NT$34.03 bn, 7.07% YoY.
Regarding the outlook for the solar industry, researches show that growing policy momentum, rising fossil fuel prices and the pursuit of energy security drive the strong deployment of renewable energy across the world’s major markets. It is estimated that global solar capacity additions will reach record-breaking 385~450GW. In view of this, SAS closely synchronizes with the market trend. Taiwan is densely populated, and high-efficiency solar products are crucial to optimize resources. Dedicated in research and development, SAS aims to launch high-efficiency N Topcon products early next year. N Topcon possesses various advantages including low degradation rate, low temperature coefficient, its conversion efficiency as high as 25% also improves the competitiveness of solar power generation systems. Large-sized M10 N Topcon will be SAS’ new iconic product.
SAS builds its busimess on two pillars – clean energy and semiconductor. Regarding clean energy, in order to meet the carbon reduction trend of international supply chains and intitiatives, as well as the green policies and climate goals formulated by various countries, SAS provides comprehensive energy applications and services through a diversified layout. In addition to vertical integration in the solar industry, it also extends the business operations to solar PV power plants O&M. Furthermore, SAS reinvests Billion Electric and NextDrive Technology to deepen cooperation. Billion Electric has been committed to PV and energy storage integration as well as the electrification of marine and land transportation. NextDrive Technology has become one of the rising stars in the smart grid and energy IoT platform. Via building strategic alliance with clean energy companies, SAS expands into energy storage, micro-grid integration, and electrification of vehicles. Moreover, SAS explores versatile clean powers including wind and hydropower, stepping into green energy developing and trading to augment its business scope of renewable energy with the primary goal to extend from “Energy Provider” to “Energy Solution Provider,” deepening its footprint in the green energy industry.
In terms of semiconductor, in addition to the stable operation of the subsidiary GlobalWafers, AWSC (Advanced Wireless Semiconductor Company), the renouned GaAs foundry as well as SAS’ subsidiary, benefiting from the urgent orders, its May revenue increased by 66.1% MoM, reaching NT$ 197 mn; TSC (Taiwan Speciality Chemicals Corporation ) May revenue totaled NT$42.2 mn with 59.8% MoM. SAS also invests in Actron (Actron Technology Corporation), the global leader in automotive diodes, its May revenue totaled NT$407 mn with 21.9% MoM, the highest over the same period; Actron’s cumulative consolidated revenue reached NT$1.87 billion, 17.3% YoY. Actron has recently obtained three director seats from Mosel (Mosel Vitelic Inc.) to strengthen partnership, hoping to penetrate EV market through the integration. Together with the reinvestments in Ancora Semiconductor, ANJET Corporation and Transphorm Inc., the compound semiconductor power transistor manufacturers, SAS has deployed in various key areas of the semiconductor industry, and has built a complementary strategic alliance along the value chain to cement its position in the megatrends like EV, 5G, satellite and special chemical gases in order to further expand the business territory.