Cable assembly maker Golden Bridge Electech Inc (金橋) yesterday said it aims to sustain revenue growth in the second half of this year, driven by rising demand for artificial intelligence (AI) applications in the consumer electronics sector.
The company would also seek to work with leading original equipment manufacturers and original design manufacturers to secure AI-related business opportunities, Golden Bridge Electech chief financial officer James Chiu (邱建明) said after its annual shareholders’ meeting in Taipei.
The company supplies high-fidelity signal cable assemblies as well as cables for electronics, electrical machines, communications, high-speed networks, computer peripherals, consumer electronics and medical equipment, its Web site says.
Photo: Screen grab from Golden Bridge Electech Inc’s Web site
Golden Bridge Electech is considering new investment and product development plans, as current equipment might not be sufficient for advanced production processes, such as those related to AI, Chiu said.
“It will take time and planning, as we need to assess whether the investment would generate revenue for the company, but we are moving in that direction,” he said.
Malaysia contributed the largest share of Golden Bridge Electech’s revenue last year at 24.55 percent, followed by China at 24.25 percent, the US at 21.89 percent, Taiwan at 15.32 percent and other regions combined at 13.99 percent, company data showed.
“We are planning product arrangements at our Malaysia plant, which has been operating for about two years,” Chiu said. “As the plant has also adopted automated production, we hope future operations could be smooth.”
The company is planning to shift some of its capacity in China to its facility in Sungai Petani, Malaysia, due to geopolitical uncertainties, he added.
Higher tariffs from US President Donald Trump’s administration have yet to cause a major effect on the company, as the costs are passed on to customers, Chiu said.
In the wake of a sharp appreciation in the New Taiwan dollar against the US dollar, the company has adopted natural hedging to lessen the effects, he said.
“When we had idle funds, especially in US dollars, we tended to sell them first, so while we did bear some foreign exchange losses, we took measures to cope with it,” he said, without revealing the amount of foreign exchange losses.
Shareholders yesterday approved the company’s proposal to distribute a cash dividend of NT$0.3 per share. That represented a payout ratio of 46.15 percent as the company posted earnings per share of NT$0.65 last year, after net profit surged 588.69 percent year-on-year to NT$76.32 million (US$2.6 million) and revenue grew 19.05 percent to NT$1.2 billion.
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