Aerospace Industrial Development Corp. (AIDC), a prominent aerospace company, held its shareholders’ meeting, approving a record-high cash dividend of 1.42 yuan per share. Additionally, the meeting marked the completion of the 10th director election.
In his address, Chairman Hu Kai-Hung highlighted AIDC’s remarkable financial performance for 2023. The company reported revenue of NT$39.1 billion, a 29.3% increase year-on-year, with earnings per share (EPS) reaching NT$2.36. The first quarter of 2024 also set new records, with cumulative revenue of 10.6 billion yuan and an EPS of NT$0.85. The meeting also ratified the 2012 earnings distribution plan, allocating a cash dividend of NT$1.42 per share.
Despite facing global supply chain disruptions, material shortages, and labor constraints, AIDC demonstrated robust execution and management capabilities. The Yongying higher education aircraft was delivered on schedule, entering the delivery phase successfully. The defense business saw a 27% revenue increase compared to 2022, while the civil business recovered from the pandemic-induced slump, recording a 21% revenue increase. Additionally, the energy creation and storage segments achieved record high revenues and profits.
The shareholders’ meeting concluded with the election of eight directors, including representatives from the Ministry of Economic Affairs and the National Defense Industry Development Foundation, and three independent directors. Following the meeting, the board unanimously re-elected Hu Kai-Hung as chairman.
Looking ahead to 2024, AIDC aims to enhance internal operational flexibility and external business performance through its “secure internal and external” strategy. Internally, the company will focus on transparent management information, strengthening personnel technology inheritance, controlling labor costs, fostering employee consensus, and implementing assessment systems to establish a solid operational foundation for sustainable growth.
Externally, AIDC plans to advance projects such as building F-16 and M1A2T combat vehicles, establishing GE LM2500 engine maintenance centers, deepening agency business, arranging scientific and service business, promoting initial training aircraft and next-generation fighters, and expanding its engine and civil aircraft business. These initiatives are expected to enhance AIDC’s technical status and market influence internationally.
AIDC’s strategic plans and robust financial health signal a promising future, reinforcing its position as a key player in the global aerospace industry.
