THI Global Holdings Corp (台驊國際投資控股), a Taiwanese freight-forwarder and logistics firm, is targeting increased long-term profitability in its trade logistics business by raising revenue to 20 percent from 15 percent within the next few years.
Following rising demand from China, the company aims to set up more warehouse bases in Shanghai, Shenzhen and other southern Chinese cities in the second half of this year.
“Compared with the freight-forwarding business, the trade logistics sector and logistics management business offer a higher gross margin,” THI spokeswoman Echo Wan (萬心寧) told a conference of investors yesterday.
The average gross margin of the traditional freight-forwarding business stands at between 12 percent and 16 percent, with trade logistics exhibiting a gross margin of about 30 percent, THI statistics showed.
Wan remained optimistic about the company’s business this quarter — the traditional peak period for the industry — saying net income generated last month has already reached half of the level recorded in the first half of this year.
THI saw net profits total NT$47.11 million (US$1.57 million), or NT$0.66 per share, in the first six months of the year, showing a significant improvement from NT$2.16 million, or NT$0.03 per share, recorded a year earlier, its stock exchange filing data showed.
In the April-to-June period, net income stood at NT$43.67 million, or NT$0.61 per share, doubling from the level of NT$20.76 million, or NT$0.29 per share, posted during the same period last year.
Despite sales showing a 4.3 percent year-on-year decline in the second quarter, THI’s strategy to choose customers more carefully helped improve gross margin to 16.8 percent, up from 14.3 percent recorded a year ago, company statistics showed.
OpenAI has warned US lawmakers that its Chinese rival DeepSeek (深度求索) is using unfair and increasingly sophisticated methods to extract results from leading US artificial intelligence (AI) models to train the next generation of its breakthrough R1 chatbot, a memo reviewed by Bloomberg News showed. In the memo, sent on Thursday to the US House of Representatives Select Committee on China, OpenAI said that DeepSeek had used so-called distillation techniques as part of “ongoing efforts to free-ride on the capabilities developed by OpenAI and other US frontier labs.” The company said it had detected “new, obfuscated methods” designed to evade OpenAI’s defenses
NEW IMPORTS: Car dealer PG Union Corp said it would consider introducing US-made models such as the Jeep Grand Cherokee and Stellantis’ RAM 1500 to Taiwan Tesla Taiwan yesterday said that it does not plan to cut its car prices in the wake of Washington and Taipei signing the Agreement on Reciprocal Trade on Thursday to eliminate tariffs on US-made cars. On the other hand, Mercedes-Benz Taiwan said it is planning to lower the price of its five models imported from the US after the zero tariff comes into effect. Tesla in a statement said it has no plan to adjust the prices of the US-made Model 3, Model S and Model X as tariffs are not the only factor the automaker uses to determine pricing policies. Tesla said
China’s top chipmaker has warned that breakaway spending on artificial intelligence (AI) chips is bringing forward years of future demand, raising the risk that some data centers could sit idle. “Companies would love to build 10 years’ worth of data center capacity within one or two years,” Semiconductor Manufacturing International Corp (SMIC, 中芯) cochief executive officer Zhao Haijun (趙海軍) said yesterday on a call with analysts. “As for what exactly these data centers will do, that hasn’t been fully thought through.” Moody’s Ratings projects that AI-related infrastructure investment would exceed US$3 trillion over the next five years, as developers pour eye-watering sums
Australian singer Kylie Minogue says “nothing compares” to performing live, but becoming an international wine magnate in under six years has been quite a thrill for the Spinning Around star. Minogue launched her first own-label wine in 2020 in partnership with celebrity drinks expert Paul Schaafsma, starting with a basic rose but quickly expanding to include sparkling, no-alcohol and premium rose offerings. The actress and singer has since wracked up sales of around 25 million bottles, with her carefully branded products pitched at low-to mid-range prices in dozens of countries. Britain, Australia and the United States are the biggest markets. “Nothing compares to performing
RSS