Trade Resources Industry Views Simplo to Focus on Developing Industrial Products

Simplo to Focus on Developing Industrial Products

Lithium ion battery pack maker Simplo Technology will devote more resources to developing industrial products, such as those for electric bicycles, electric vehicles, medium-size servers and home-use electric appliances, company chairman Raymond Sung said at a May 12 investors conference.

Simplo will also adjust its strategy, focusing on choosing good clients and good products instead of seeking revenue growth, Sung noted.

For second-quarter 2017, Simplo forecasts consolidated revenues of NT$11.8-12.2 billion (US$390-403 million), gross margin of 8.6%, net operating profit of NT$404-411 million, net profit of NT$537-573 million and net EPS of NT$1.74-1.86.

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Battery Maker Simplo to Develop More Industrial Products