Home appliance and consumer electronics retail chain E-Life Mall Corp (全國電子) plans to launch an online shopping platform ahead of Singles’ Day on Nov. 11 to boost its sales channels and brand loyalty.
“Many customers have switched to online shopping, so we have decided to provide an online service to make sure clients are served around the clock,” company president Jeffrey Lin (林政勳) told an investors’ meeting on Thursday.
Trial operations of the online services have been going on for a month, Lin said, adding that the focus is on customer satisfaction rather than sales volume.
As for expansion plans, the company said it would open 20 to 30 Digital City stores in the next three years to grab market share in consumer electronics.
The company currently operates 10 Digital City stores, which contributed 10 percent of sales in the first half of the year, Lin said, adding that a new store is opening in Chiayi City today.
Revenue from Digital City so far this year has been flat compared with a year earlier, he added.
As consumer electronics products have shorter life cycles, Digital City stores’ gross margins are lower than those of E-life stores, which mainly sell home appliances, Lin said.
As of July, the company had 323 E-life stores, according to its Web site.
Second-quarter net income climbed 15.77 percent annually and 46.6 percent quarterly to NT$157.62 million (US$5.04 million).
Earnings per share rose to NT$1.59 from NT$1.37 a year earlier and NT$1.08 in the first quarter, thanks to better demand for air-conditioners and refrigerators in July and last month, chief financial offer Jill Chen (陳碧滋) said.
First-half net income dipped 12.32 percent year-on-year to NT$265.14 million, while earnings per share declined to NT$2.67 from NT$3.05 a year earlier, company data showed.
Gross margin edged down 0.3 percentage points to 18.85 percent.
Robust sales of air-conditioners and refrigerators offset soft sales of heaters and accounted for a 4.79 percent increase in cumulative sales of NT$12.46 billion in the first eight months, Chen said.
Home appliances drove 85.5 percent of sales last year, while computer and mobile devices contributed 13.9 percent, data showed.
E-Life Mall shares were flat in Taipei trading yesterday at NT$65.80.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
ROW: A probe would determine if the rights of shareholders who were not allowed to vote yesterday had been violated, while the stock exchange also wants answers The election of board directors yesterday at Tatung Co (大同) sparked controversy after the company blocked some institutional and individual shareholders from participating in the general shareholders’ meeting, prompting the Financial Supervisory Commission (FSC) to announce that the vote would be investigated. Lin Kuo Wen-yen (林郭文艷) was re-elected as chairwoman of the household-appliance maker’s nine-member board, but prior to the vote she announced that several shareholders would not have voting rights. They were being denied a vote because they had contravened the Business Mergers and Acquisitions Act (企業併購法), and the Act Governing Relations Between the People of the Taiwan Area and