Taiwan LED packaging manufacturer Advanced Optoelectronic Technology (AOT) after being listed on the Gretai Securities Market on June 25th 2013, on September 25th held a shareholder’s meeting to appoint new chairman to the board. AOT stated that due to the increased demand after the company was listed, the original 5 chairman and 2 supervisors has changed to 4 chairman and 3 independent chairman. There are plans to organize a remuneration committee.
AOT is a subsidiary of Honghai Group with a current capital of NT$ 1.3 billion. Honghai holds shares of AOT through subsidiaries Foxsemicon, Baoxin International, Foxconn Tech of 6.15 percent, 7.69 percent, and 0.001 percent respectively. Innolux, who wholly owns Qunyi International Investment, holds 8.69 percent in shares. AOT’s biggest shareholder is Japanese LED manufacturer Nichia’s Taiwan branch who holds 11.74 percent in shares. In response to increase in demands after being listed, AOT on September 25th 2013 conducted their shareholders meeting to appoint new chairman. At the conclusion of the meeting, 4 new positions were filled including Zhuang Hongren and Zhang Dengkai from Baoxin International, Masao Shano from Nichia Taiwan, and Fang Rongxi. 3 Independent chairmen appointed include Huang Kaixu, Xu Guohong, and Chen Wenyan.
AOT pointed out that large sized backlight benefitted from increase in business during 2012 including LED TV and panel applications. This drove 2012 total yearly revenue to NT$5.2 billion with a yearly growth of 31.19 percent. Net profit reached NT$903 million with a yearly growth of 57.32 percent. Consolidated gross profit for 2011 was 14.46 percent, increasing to 17.34 percent in 2012. Operating income reached NT$513 million with a yearly growth of 94.32 percent. Consolidated operating income of 6.65 percent in 2011 increased to 9.84 percent in 2012. Net income after tax reached NT$456 million with a yearly growth of 80.23 percent and EPS of NT$3.51 for 2012.
