Industrial computer maker Ennoconn Corp (樺漢科技) yesterday said it is optimistic about the growing opportunities in the edge computing business and expects significant growth this year in the company’s three major units — design and manufacturing, systems integration and brand business.
With a book-to-bill ratio of about 1.1 percent to 1.15 percent, and an order backlog exceeding NT$180 billion (US$5.42 billion), Ennoconn said it holds clear order visibility and expects the company’s revenue, gross profit and net profit to show stable growth this year.
A book-to-bill ratio above 1 percent indicates increasing demand.
Photo: CNA
Ennoconn Corp, a subsidiary of electronics giant Hon Hai Precision Industry Co (鴻海精密), at an earnings conference in Taipei, said that it plans to set up a new factory in Tennessee to respond to US President Donald Trump’s tariff policy. The facility is expected to begin production in the third quarter of this year.
Revenue last year increased 20.3 percent to NT$146.38 billion from NT$121.64 billion in 2023, thanks to substantial sales contribution from the company’s high-margin cloud solution as a service (SaaS) business in light of the huge opportunities related to digital transformation, artificial intelligence, semiconductors, new energy installations and information security.
Europe remained Ennoconn’s largest market last year, accounting for 35.5 percent of its total revenue, followed by the US with 29.1 percent, China with 9.8 percent and other regions accounting for 24.5 percent.
Net profit rose 21.2 percent to NT$2.74 billion from NT$2.26 billion a year earlier, and earnings per share increased to NT$20.03 from NT$19.01, company data showed.
The company’s board of directors on Friday proposed a cash dividend of NT$12.2 per share, representing a payout ratio of 60.91 percent.
This year, the company expects its design and manufacturing business to benefit from contribution by its partner New York-listed NCR Voyix Corp, a maker of POS systems, ATMs and barcode readers, it said, adding that its branded business, supported by German subsidiary Kontron AG, aims to expand into the aerospace, electric vehicle charging and energy management markets.
Additionally, its system integration business is expected to benefit from increasing semiconductor investment by its automated supply system and turnkey engineering subsidiary, Marketech International Corp (帆宣), in the US, it said.
Greek tourism student Katerina quit within a month of starting work at a five-star hotel in Halkidiki, one of the country’s top destinations, because she said conditions were so dire. Beyond the bad pay, the 22-year-old said that her working and living conditions were “miserable and unacceptable.” Millions holiday in Greece every year, but its vital tourism industry is finding it harder and harder to recruit Greeks to look after them. “I was asked to work in any department of the hotel where there was a need, from service to cleaning,” said Katerina, a tourism and marketing student, who would
i Gasoline and diesel prices at fuel stations are this week to rise NT$0.1 per liter, as tensions in the Middle East pushed crude oil prices higher last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week rose for the third consecutive week due to an escalating conflict between Israel and Iran, as the market is concerned that the situation in the Middle East might affect crude oil supply, CPC and Formosa said in separate statements. Front-month Brent crude oil futures — the international oil benchmark — rose 3.75 percent to settle at US$77.01
Merida Industry Co (美利達) has seen signs of recovery in the US and European markets this year, as customers are gradually depleting their inventories, the bicycle maker told shareholders yesterday. Given robust growth in new orders at its Taiwanese factory, coupled with its subsidiaries’ improving performance, Merida said it remains confident about the bicycle market’s prospects and expects steady growth in its core business this year. CAUTION ON CHINA However, the company must handle the Chinese market with great caution, as sales of road bikes there have declined significantly, affecting its revenue and profitability, Merida said in a statement, adding that it would
UNCERTAINTIES: The world’s biggest chip packager and tester is closely monitoring the US’ tariff policy before making any capacity adjustments, a company official said ASE Technology Holding Inc (日月光投控), the world’s biggest chip packager and tester, yesterday said it is cautiously evaluating new advanced packaging capacity expansion in the US in response to customers’ requests amid uncertainties about the US’ tariff policy. Compared with its semiconductor peers, ASE has been relatively prudent about building new capacity in the US. However, the company is adjusting its global manufacturing footprint expansion after US President Donald Trump announced “reciprocal” tariffs in April, and new import duties targeting semiconductors and other items that are vital to national security. ASE subsidiary Siliconware Precision Industries Co (SPIL, 矽品精密) is participating in Nvidia
RSS