Wed, Jun 13, 2012 - Page 12 News List

Asustek will continue to innovate, chairman says

By George Liao  /  Staff reporter

Asustek Computer Inc (華碩), the world’s No. 5 PC vendor and No. 1 motherboard maker, would continue to innovate and create more “heroic products” in an effort to surpass Apple Inc, Asustek chairman Johnny Shih (施崇棠) told shareholders yesterday.

Shih said several information technology companies had adjusted down their second-quarter prospects because of the impact of the eurozone debt crisis.

However, Asustek would continue to keep tight control of its inventory and remain competitive in the face of all the current macroeconomic uncertainties, Shih said.

Shareholders yesterday approved the company’s plan to distribute a record cash dividend of NT$14.5 per share from its NT$16.58 billion profit — or earnings per share (EPS) of NT$21.99 — and NT$350.3 billion in revenue last year.

Based on the company’s closing share price of NT$289.5 in Taipei trading yesterday, the company’s NT$14.5 cash dividend translated into a dividend yield of 5.01 percent.

In comparison, Asustek distributed a cash dividend of NT$14 and a 2.2 percent stock dividend to shareholders the previous year, on NT$16.5 billion profit and NT$321.3 billion revenue.

While last year’s net profit and revenue grew 1 percent and 9 percent respectively from the previous year, Shih said Asustek’s operating profit increased 31 percent to NT$17.83 billion last year, from NT$13.64 billion the year before.

In spite of the gloomy business climate in Europe and the US, Asustek still expects growth for this year, setting its annual shipment targets at 22 million units for notebooks and 3 million units for tablets, which translate into increases of almost 13 percent and 67 percent respectively from last year.

The company’s first-quarter net profits rose 2.56 percent quarter-on-quarter, or 46 percent year-on-year, to NT$5.01 billion, with an EPS of NT$6.65.

When asked about Apple’s newly released 15-inch MacBook Pro featuring a Retina display and all-flash storage, Shih said Asustek would keep innovating and rolling out groundbreaking products in the hope of overtaking Apple. He added that last year alone, Asustek won a total of 3,886 international awards, averaging 10.6 every day.

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