Goodway Sees Bright Outlook in First Half
2015/02/12 | By Ken LiuGoodway Machine Corp., one of Taiwan's leading machine-tool makers, has filled production capacity through the first quarter and is filling its second quarter capacity, largely due to an influx orders from aircraft builders and carmakers, according to company chairman, Edward Yang.
Yang says that Goodway has NT$700 million (US$22.58 million) of undelivered orders, while its subsidiary, AWEA Mechantronic Co., Ltd., has NT$1.7 billion (US$54.83 million) booked orders. Around 30% of the orders came from mainland China, with the rest from the United States, Europe and the Middle East. Primary buyers were manufacturers of cars, aircrafts and machinery.
Goodway and AWEA plan to add work shifts to handle the order backlogs through the upcoming Chinese New Year, which falls in February this year.
Industry executives expect Goodway and its subsidiary to generate combined revenue up to NT$10 billion (US$322.58 million) this year, with after-tax net income projected to surpass NT$7 per share. The two had consolidated revenue of NT$7.82 billion (US$252.25 million) last year, surging 32.9% year on year to hit new high.
Industry executives project the group's after-tax net income for 2014 to exceed NT$6.5 per share based on the additional NT$80 million (US$2.58 million) it earned from currency exchange in the final quarter.
The 40-year-old Goodway has been accelerating expansion plans both in Taiwan and mainland China to meet growing demand. The company unveiled a new factory and mainland operating headquarters in Wujian, Jiangsu Province. It also began constructing a plant at the Chiayi Dapumei Intelligent Industrial Park in central Taiwan.
(KL)
Goodway Group's Operating Results in the Last Five Years
| Year
Operation
| 2010
| 2011
| 2012
| 2013
| 2014
|
| Consolidated revenue
| NT$5.21bn
| NT$6.41bn
| NT$6.68bn
| NT$5.88bn
| NT$7.82bn
|
| After-tax net income
| NT$363M
| NT$639M
| NT$556M
| NT$534M
| NT$511M*
|
| EPS
| NT$2.28
| NT$5.04
| NT$4.19
| NT$4.05
| NT$4.01*
|
Note: ** Figures for the first three quarters.