Taiyi energy saving last year net profit of 16.51 million resolution is not worthy of dividends
[High-tech LED News] Taiwan's high-power LED lighting application manufacturer Taiyi energy-saving system TESS (5226) recently announced at the shareholders' meeting that the company officially turned into a profit in 2010, revenue NT$285 million, net profit after tax of 16.51 million yuan , net profit after tax of 0.93 yuan per share. In order to enrich the working capital, the company will not distribute dividends, and at the same time, through the cancellation of the compensation of the directors and the employee dividends, the company will sprint its performance throughout the year.
Taiyi launched Taiwan's lowest price in June this year, as long as NT$199 own brand TESS general household lighting LED bulbs, far lower than the current market price of 350-400 yuan, set off the current Taiwan market lighting market.
It is understood that this year's wave of price cuts in Taiyi is in conflict with Philips' price forecast, five years ahead of Philips. Taiyi said that the cost of LED bulbs has been greatly reduced, not because of the use of low-quality LED chips, but because of its technically significant Breakthrough, and said that its products use CREE LED chips, 100% made in Taiwan, guaranteed for one year.
Taiyi Energy Saving System, formerly known as Chongyue Energy Saving System, was established in October 2007 with a paid-up capital of 233 million yuan. The company's products mainly produce high-brightness LED application lighting products, providing a complete range of LED lighting applications. At present, the company's products can distinguish 51.1% of LED lamps, 27.08% of LED lamp modules, 12.59% of purchased lamps and light sources.
Taiyi launched Taiwan's lowest price in June this year, as long as NT$199 own brand TESS general household lighting LED bulbs, far lower than the current market price of 350-400 yuan, set off the current Taiwan market lighting market.
It is understood that this year's wave of price cuts in Taiyi is in conflict with Philips' price forecast, five years ahead of Philips. Taiyi said that the cost of LED bulbs has been greatly reduced, not because of the use of low-quality LED chips, but because of its technically significant Breakthrough, and said that its products use CREE LED chips, 100% made in Taiwan, guaranteed for one year.
Taiyi Energy Saving System, formerly known as Chongyue Energy Saving System, was established in October 2007 with a paid-up capital of 233 million yuan. The company's products mainly produce high-brightness LED application lighting products, providing a complete range of LED lighting applications. At present, the company's products can distinguish 51.1% of LED lamps, 27.08% of LED lamp modules, 12.59% of purchased lamps and light sources.
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