The transformation of Qisda has been successful as its 2021 revenue and profit both reached 10-year highs. Consolidated revenue totaled NTD226 billion, up 34.3 billion from the year before the last with EPS of NTD4.22 , up NTD1.69 from the year before the last year. Revenue, net operating profit, net income attributable to the parent company and EPS all reached 10-year highs. Qisda expects to distribute cash dividends of NTD2.50 per share and based on today’s (7th) closing price of NTD31.5, the dividend yield is approximately 8%.

Meanwhile, Qisda made an announcement regarding senior personnel change. As a means to carry out the long-term operational development and layout for the next phase, the Board meeting held today resolved that the Chairman Peter Chen will be relieving himself of his duties as president and becoming a part-time CEO. Meanwhile, the new president will be Joe Huang, general manager of the Information Product Business Group and Commercial and Industrial Product Business Group. This change will take effect as of April 1, 2022. Qisda also announced that Li-Wen Huang will serve as the new chief information officer, effective immediately.

An online Qisda investor conference is expected to take place on the 9th to further explain the previous year’s operating results and future outlook.

Qisda’s Board meeting passed the previous year’s financial results – consolidated revenue for the previous year totaled NTD226 billion, an annual increase of 18%.; net operating profit totaled NTD7.361 billion, an annual increase of 11%; net income attributable to the parent company totaled 8.308 billion, a large increase of 67%; gross profit margin was 14.4%, up 0.4 percentage points from the previous year; operating margin was 3.3%, down 0.1 percentage points from the previous year; and return on equity (ROE) reached 16.8%.

As for earnings distribution, cash dividends of NTD2.5 per share is expected to be distributed at a dividend distribution rate of 59%. Calculating based on the average closing price of NTD30.95 per share in February, or the closing price on of NTD31.5 the 7th, the dividend yield is approximately 8%.

Qisda’s Board meeting also resolved to hold an annual general meeting on May 30.