Wistron Corporation reported an impressive gross profit margin of 9.29% for the fourth quarter of last year, marking a historic peak for the company. The board has proposed a cash dividend of 2.6 yuan per share, a reflection of their solid earnings per share (EPS) of 4.08 yuan in 2023. This decision awaits approval at the upcoming shareholder meeting on May 30.
Despite a 12.6% year-on-year drop in Q4 revenue, which stood at 230.54 billion yuan, Wistron showcased financial resilience with improved profit margins across the board. The annual figures were also promising, with a total revenue of 867 billion yuan for 2023, albeit an 11.9% decrease from the previous year. The continual growth in gross profit margin to 7.9% marks a six-year rising streak, underlining Wistron’s operational efficiency and profitability.
Looking ahead, Wistron is gearing up for future growth, indicating plans to enhance its cash capital and potentially issue new shares or overseas depositary receipts. This move aligns with its strategic adjustments, including the sale of assets by its subsidiary in China and investment in new facilities in India, demonstrating its commitment to expanding its global footprint and fortifying its market position.
Wistron’s ongoing transformation and global expansion strategy, highlighted by its new production line in India, signal a proactive approach to leveraging international opportunities and strengthening its industry standing amidst dynamic market conditions.
