Semiconductor Market Overview - The global semiconductor market size reached $626.9 billion in 2024, representing a 19% increase compared to the previous year[5]. - The expected growth rate for the semiconductor market in 2025 is approximately 11.2%, with the market size approaching $700 billion[5]. - Taiwan's semiconductor output is projected to exceed NT$5 trillion in 2024, with an annual growth rate of 22%[5]. - AI chip sales are forecasted to reach $71.252 billion in 2024, with a growth rate of 33%[6]. - Semiconductor equipment sales are expected to reach $113 billion in 2024, marking a 6.5% increase year-on-year[6]. - The semiconductor industry is anticipated to maintain growth despite geopolitical risks and market demand fluctuations[7]. - The semiconductor industry is expected to grow by 19.1% in 2024, reaching a global sales figure of $627.6 billion, with Q4 sales projected at $170.9 billion, a 17.1% increase year-over-year[10]. - AI technology is expected to drive a significant increase in semiconductor demand, with the global chip market projected to grow by 11.2% in 2025, reaching $697.18 billion[18]. - The global automotive semiconductor market is projected to exceed $47.45 billion in 2024, with a compound annual growth rate of over 8.3% from 2025 to 2037[12]. Company Financial Performance - The group's total revenue for the year ending December 31, 2024, is approximately NT$931.96 million[8]. - The annual profit attributable to the company's owners is approximately NT$24.28 million[8]. - Basic earnings per share are approximately NT$2.43[8]. - The total revenue for the company for the year ending December 31, 2024, is approximately NT$931.96 million, down from NT$1,332.83 million in 2023[13]. - The company's profit attributable to owners for the year is approximately NT$24.28 million, a significant decrease from NT$90.64 million in 2023[17]. - Revenue from the company's integrated solutions segment is approximately NT$418.45 million, representing 44.9% of total revenue, down from 53.19% in 2023[15]. - Revenue from the sale of parts and second-hand semiconductor manufacturing equipment is approximately NT$513.51 million, accounting for 55.10% of total revenue, up from 46.81% in 2023[16]. - The overall gross profit for the company is approximately NT$263.33 million, with a gross margin of about 28.26%, compared to 24.46% in 2023[17]. Corporate Governance and Compliance - The company has a strong governance structure with independent non-executive directors overseeing various committees[36][37][38]. - The company has maintained compliance with applicable laws and regulations, with no known violations that could significantly impact operations[44]. - The company has established four committees (Audit, Risk Management, Compensation, and Nomination) to oversee specific matters[118]. - The board consists of six members, including three executive directors and three independent non-executive directors[103]. - The board held four meetings during the year, with most directors participating in person or via electronic communication[104]. - The company has adopted the corporate governance code principles and provisions as per the GEM Listing Rules, effective until December 31, 2024[97]. - The company has established mechanisms to ensure the board receives independent opinions and advice, promoting open expression of views[107]. - The company has implemented various risk management procedures and guidelines to identify potential risks affecting its operations[138]. Employee Welfare and Management - The company emphasizes a fair and rigorous talent selection process, adhering to principles of openness, equality, competition, and meritocracy[187]. - Employee benefits include competitive compensation packages and additional rewards for outstanding performance, along with a ten-year long service bonus[187]. - The company provides comprehensive employee welfare measures, including group insurance and retirement pension plans, ensuring employee rights and well-being[187]. - In 2024, the company plans to launch various employee welfare activities, enhancing team interaction and workplace atmosphere[188]. - The company has implemented a "6S" management system to ensure workplace safety and health, aiming for zero work-related injuries[192]. - In 2024, the company reported no work-related fatalities, reflecting its commitment to health and safety management[192]. - The company conducts regular safety inspections and maintenance checks on its facilities to comply with the latest safety standards[193]. - Annual health checks are provided for all employees to prevent diseases and identify potential health risks early[193]. Environmental, Social, and Governance (ESG) Initiatives - The company maintains a commitment to sustainable development, integrating it into its corporate mission amid rapid changes in the semiconductor industry and global economic uncertainties[156]. - The ESG report is prepared in accordance with the GEM listing rules and emphasizes the importance of stakeholder engagement and materiality assessment[159]. - The company has identified key ESG issues, including climate change, occupational health and safety, and community investment, which significantly impact its performance[164]. - The company strictly adheres to environmental regulations in Taiwan and has reported no significant incidents related to air and greenhouse gas emissions during the reporting year[166]. - The company focuses on reducing air pollutants, achieving over a 7% reduction in emissions compared to 2023, with specific targets for sulfur oxides, nitrogen oxides, and particulate matter[169]. - The company promotes green policies to enhance market competitiveness and align with stakeholder expectations for environmental protection[166]. - The company aims to maintain strong stakeholder relationships and actively collect feedback to align its business practices with sustainability goals[162]. - The company emphasizes the importance of environmental, social, and governance (ESG) factors for sustainable development and has established a robust risk management system to address these issues[161].
靖洋集团(08257) - 2024 - 年度财报