   Because of the instability of global politics and economy, particularly the Russia-Ukraine conflict, the demand of European market has remained sluggish. In addition, Chinese Mainland dumps low-priced products, compressing the market share and profits of Taiwanese manufacturers.

In response to these severe challenges, the Company responded early by grasping the development trend of the industry, continuously enhancing technological capabilities, and transforming to enter new markets such as electric vehicles and high-end products. In 2024, revenue share growth outpaced shipment volume, indicating an increase in unit price per kilogram and a higher proportion of high-end products. The consolidated revenue in 2024 increased by approximately NT$900 million compared to 2023, representing a growth of 7.3%. Among the ten key material topics, “Financial and Operational Performance” was ranked as the most significant, highlighting the Company’s focus and the tangible results of our efforts.   

On the major issue of caring for company employees in the social aspect, the Company continues to improve employee benefits and salaries. In 2024, we made greater financial investments in employee benefits, retirement funds, and long-service bonuses, with most categories showing increases compared to previous years—particularly employee benefits expenditures, which rose by approximately 60%.

In recent years, the government has stipulated that TWSE/TPEx Listed Companies should conduct Greenhouse Gas (GHG) Inventories. The Company has continued this practice in 2024, conducting GHG Emissions Inventory at our Bao’an, Rende, and Shengli plants, as well as our corporate office on Changrong Road. Through analysis of carbon emission data, we have identified the sources with higher carbon emissions and thus started to take carbon reduction measures to lower our carbon emissions.

Finally, our Vietnam plant entered the trial production phase in the second half of 2024. The completion and operation of this plant will enhance work efficiency and increase production capacity.