Leading domestic electronic components manufacturer SINBON Electronics Co., Ltd. (TSEC#:3023) held its annual individual investor conference on 13rd December, 2017 to brief the public on the company’s operating results as well as showcase its latest products. The investor conference was chaired by Chairman Joseph Wang personally in Taipei Syntrend Creative Park. Attracted by SINBON’s successful transformations and gradually increasing revenues and profits in the past few years, approximately over hundred of domestic and foreign investors attended the conference. The non-audited consolidated sales revenue for the last 11 months has reached to NT$12.552 billion, which surpassed the result in 2016 by 2.91% and the sales revenue for third quarter has been the company record high. As for the company profit, EPS for the last three quarter is NT$4.32 which is a growth of 6.40% over the same period of 2016.
Several newly developed products were showcased, which included cables for smart medicine storage case that was co-developed with an US customer. SINBON is not only assisting customers to minimize the production cost, product life cycle is upgraded from 3,000 times to 30,000 times. Cables for smart windows are created for self-climate adaptive building shells, with the ability to save costs for heating, air-conditioning and lighting. An advance overmolding technology is applied on cable assemblies for EV charging station, which is not solely time-saving for high voltage charging, the overmolding cable is made for long lasting and waterproof usage. SINBON successfully developed and made the cables for robotic arm, smart fireplace and smart grid managing devices, which shows its outstanding creativity and skills.
SINBON has successfully cultivated in five major fields(so called, MAGIC), which are Medical Health(M), Automotive & Aviation(A), Green Energy(G), Industrial Application(I), and Communication(C). Mr. Joseph Wang, the CEO of SINBON, has emphasized SINBON itself is going towards more internationalize, while the products are more intelligent and integrated, so the company is advanced from “MAGIC” to “iMAGIC＋”. As a global company, SINBON has launched two new factories in US and Hungary in 2015 to closely meet the requirements of overseas customers. Production capacity is increasing along the launching of newly built factory in Miaoli, Taiwan, and production is expected to start by the second quarter of 2018. Moreover, more automation in production and plant expansion in every factory in Mainland China will be carried out next year.
According to SINBON, continuing developing in new and unique products acts as the major drive for company revenue and profits. Even though sales revenue for green energy was influenced by the government policy for wind energy in many countries, diversified company income sources and customer segment have led the company growth in an upward trend. SINBON is expecting a continuing growth by new product and new factories launching in coming year.
To differentiate from others, SINBON also shows its social responsibility in caring the society. In addition to help the underprivileged, donation for street trees planting, subsidiary for street lighting in rural area, organic agriculture, purchasing environment friendly products, SINBON has implemented utility-saving policy in company buildings and has encouraged everyone in SINBON to participate in environmental charity activities.