At its annual shareholder meeting, WinWay Technology, a leading manufacturer of semiconductor test interface solutions, approved the 2023 financial report and declared a cash dividend of NT$11 per share, marking the highest dividend distribution rate of 81% since the company’s listing.
In 2023, WinWay Technology’s revenue totaled NT$3.682 billion, a 28.12% decline year-on-year, yet it remained the second-highest in the company’s history. The net profit after tax attributable to shareholders was NT$464 million, resulting in an after-tax earnings per share of NT$13.52. The board approved a total cash dividend of NT$370 million.
Despite the overall revenue decline, WinWay benefited from the rapid development in the AI sector, driving high-end chip demand and keeping first-half revenue robust. However, the slow depletion of semiconductor inventory, geopolitical tensions, and inflation made end customers more conservative, impacting full-year demand.
In response to market fluctuations, WinWay has been proactive in collaborating with global customers, developing new product lines, investing in research and development, and automating production to enhance efficiency. These efforts have led to the successful verification and gradual market introduction of new products.
WinWay Technology’s focus on new product R&D and business expansion has resulted in significant market achievements. According to Yole Intelligence, Yingwei advanced from the fourth to the third position in the global test socket market share rankings, and fifth if including Burn-in Sockets. The company’s growth in high-end, high-frequency, and high-speed product segments positions it for mid-to-long-term growth despite current market challenges.
The company has also made strides in ESG initiatives. Since forming a sustainability team in 2022, WinWay has been recognized in the “Top 100 Foreign Investment Selections in Taiwan 2023.” Achievements include a 28.9% reduction in water usage and 15% of total electricity consumption from green sources in 2023, with further investments planned in ESG-related actions and projects.
As WinWay Technology navigates market challenges, its strategic focus on innovation and sustainability is expected to bolster its position and performance in the semiconductor industry.
