Chlitina Holding Ltd (麗豐), a China-based skincare product vendor, said its board yesterday approved a proposal to distribute cash dividends of NT$6.5 and a stock dividend of 5 percent.
The dividend payout was based on the company’s earnings last year of NT$693 million (US$22.83 million), or NT$10.25 per share, the Cayman Islands-registered company said in a filing to the Taiwan Stock Exchange.
This year’s dividend payout is higher than last year’s, when the company offered shareholders cash dividends of NT$4.2 after it reported earnings per share of NT$8.84 for 2012.
Consolidated revenue came to NT$2.7 billion last year, up 12.03 percent from NT$2.41 billion a year ago.
The cash dividend of NT$6.5 per share translated to a cash payout ratio of 63.41 percent.
With Chlitina’s shares closing at NT$291 yesterday in Taipei trading, the planned cash dividends of NT$6.5 represented a dividend yield of 2.23 percent.
The payout plan still has to be approved at the company’s annual shareholders’ meeting on June 19, according to the filing.
The company’s cumulative sales from January through last month increased 35.01 percent year-on-year to NT$445.77 million.
Yuanta Securities Group (元大證券) analyst Peggy Lee (珮菁) yesterday said the company might see a more muted sales performance this month due to a higher base last year and a recent depreciation of the yuan.
However, revenue for this quarter could still grow by between 15 percent and 20 percent from the same period last year, Lee said in a note.
DECOUPLING? In a sign of deeper US-China technology decoupling, Apple has held initial talks about using Baidu’s generative AI technology in its iPhones, the Wall Street Journal said China has introduced guidelines to phase out US microprocessors from Intel Corp and Advanced Micro Devices Inc (AMD) from government PCs and servers, the Financial Times reported yesterday. The procurement guidance also seeks to sideline Microsoft Corp’s Windows operating system and foreign-made database software in favor of domestic options, the report said. Chinese officials have begun following the guidelines, which were unveiled in December last year, the report said. They order government agencies above the township level to include criteria requiring “safe and reliable” processors and operating systems when making purchases, the newspaper said. The US has been aiming to boost domestic semiconductor
Nvidia Corp earned its US$2.2 trillion market cap by producing artificial intelligence (AI) chips that have become the lifeblood powering the new era of generative AI developers from start-ups to Microsoft Corp, OpenAI and Google parent Alphabet Inc. Almost as important to its hardware is the company’s nearly 20 years’ worth of computer code, which helps make competition with the company nearly impossible. More than 4 million global developers rely on Nvidia’s CUDA software platform to build AI and other apps. Now a coalition of tech companies that includes Qualcomm Inc, Google and Intel Corp plans to loosen Nvidia’s chokehold by going
ENERGY IMPACT: The electricity rate hike is expected to add about NT$4 billion to TSMC’s electricity bill a year and cut its annual earnings per share by about NT$0.154 Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has left its long-term gross margin target unchanged despite the government deciding on Friday to raise electricity rates. One of the heaviest power consuming manufacturers in Taiwan, TSMC said it always respects the government’s energy policy and would continue to operate its fabs by making efforts in energy conservation. The chipmaker said it has left a long-term goal of more than 53 percent in gross margin unchanged. The Ministry of Economic Affairs concluded a power rate evaluation meeting on Friday, announcing electricity tariffs would go up by 11 percent on average to about NT$3.4518 per kilowatt-hour (kWh)
OPENING ADDRESS: The CEO is to give a speech on the future of high-performance computing and artificial intelligence at the trade show’s opening on June 3, TAITRA said Advanced Micro Devices Inc (AMD) chairperson and chief executive officer Lisa Su (蘇姿丰) is to deliver the opening keynote speech at Computex Taipei this year, the event’s organizer said in a statement yesterday. Su is to give a speech on the future of high-performance computing (HPC) in the artificial intelligence (AI) era to open Computex, one of the world’s largest computer and technology trade events, at 9:30am on June 3, the Taiwan External Trade Development Council (TAITRA) said. Su is to explore how AMD and the company’s strategic technology partners are pushing the limits of AI and HPC, from data centers to