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May 27, 2017

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Delta Electronics shareholders approve NT$5.8 payout

TAIPEI, Taiwan -- Delta Electronics (台達電) yesterday held a shareholders' meeting to outline the company's expansionary ambitions in approving a NT$5.8 per-share cash dividend payout for fiscal year 2013.

The company last year generated an after-tax income of NT$17.8 billion, gaining 20 percent year-by-year, with return on equities performance rated at a stellar 20.2 percent.

Company Chairman Yancey Hai (海俊英) emphasized that the company is in the midst of a transition toward a new business model focusing on building its own brand name and distribution channels.

Company Outlines New Direction

Hai stated that the company's operations will be devoted to power supplies and related modules, energy management and green lifestyle products employing smart technology, while maintaining its position as a global leader in producing DC brushless cooling fans and blowers. Also, the company plans to apply its technical capabilities in crossing over to various sectors, including information and communication technologies, automotive and consumer electronics, cloud computing, medical, electric vehicles and wearable devices.

Most notably, in responding to urging by shareholders, Hai stated that the company has plans to initiate a wave of acquisitions, with early results expected to be achieved in the latter half of this year. Hai stated a special department has been established to oversee the acquisition endeavors and focus on securing leading technology licensing agreements and establishing distribution channels. Likely acquisition candidates will include industrial automation, battery and energy-saving solution providers.

In addition, the company's new heat sensor-equipped electric choke modules are expected to enter the mass production phase toward the end of this year, with sales from a 50-percent increase in output volume anticipated to add to the company's sales performance. Hai noted that revenues derived from sales of the company's branded products exceeded 20 percent and are expected to continue growing as the market for cloud computing expands and represents a larger portion of the company's overall performance.

Delta founder Bruce Cheng (鄭崇華) explained that it remains too early to disclose details on the company's line of new products currently under development as they must be improved further before they are presented. Hai, however, confirmed that the company is in negotiations with Mitsubishi Heavy Industries to utilize the Japanese company's proprietary battery technology. The partnership is expected to bear fruit in one year's time and begin mass-producing advanced batteries and capacitors, said Cheng.

Hai also noted that the company's motors will begin shipping next year. In addition, Hai stated that the company has acquired land in Japan to build a power plant with plans to capitalize on the country's high energy costs.

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