Walsin Lihwa Corporation held board meeting today(March 15), which approved the company’s 2009 financial statements audited by CPA. The Net income after tax reached approx. NT$1.44 billion with EPS of NT$0.47. The board meeting also decided to hold the annual shareholders’ meeting at 9:00 am on June 4 (Fri,), at the Grand Victoria Hotel.

With the gradual economy recovery beginning the 2nd quarter last year, copper and nickel prices have been increasing to help generate outstanding sales of copper and stainless steel products at Walsin Lihwa. The stand-alone operating revenue of year 2009 is NT$61.41 billion with the consolidated operating revenue of NT$132.96 billion. The stand-alone gross profit is NT$5.11 billion with the consolidated gross profit of NT$9.68 billion. The stand-alone income from operations is NT$3.71 billion with the consolidated income from operations of NT$5.45 billion. Net income after tax is NT$1.44 billion and Earnings per share is NT$0.47. 

Established in 1966, Walsin Lihwa is committed to the manufacture and R&D of copper cables and wires, power cables and wires, and specialty steel products. The company is a leader of power cables and wires as well as specialty steel products in the Greater China market.

The Nanjing municipal government, the Taiwan External Trade Development Council, and Walsin Lihwa Corp. together hold the groundbreaking ceremony for Formosa Trade Center on March 13. The construction of Formosa Trade Center will be completed in September. Formosa Trade Center, located in Nanjing Hexi New Town, is a multi-function business area enabling exhibition, procurement, retailing, wholesaling, as well as recreation to serve as a platform for business exchanges across the Taiwan Strait.  

The Taiwan Trade Fair 2009, conducted by the Nanjing municipal government together with the Taiwan External Trade Development Council, was well received in Nanjing, where many business opportunities have been generated. In order to sustain and strengthen the momentum, the Nanjing municipal government provides full support to the construction of Formosa Trade Center, which will transform the Taiwan Trade Fair, which takes place only once a year, to ongoing business exchanges across the Taiwan Strait. The Taiwan External Trade Development Council and Walsin Lihwa are responsible for the planning, promotion and operation of Formosa Trade Center, aiming at helping even more Taiwan companies establish their business strongholds in Mainland China and further improving the trade relation between Nanjing and Taiwan.

Hexi New Town is a newly developed business district in Nanjing, and Formosa Trade Center is located In the best area in Hexi New Town. The area of Formosa Trade Center exceeds 100 acreages and the area of buildings exceeds 75,000 square meters. Strategically located just across a street from the Nanjing International Exhibition Center and the Nanjing Olympic Sports Center, where the 2014 Summer Youth Olympic Games will take place, Formosa Trade Center features highly convenient transportation and will provide outstanding transaction facilities and services to buyers and sellers across the Taiwan Strait. It will help Taiwan businesses develop the market of Mainland China by directly offering the high quality daily life commodities, food products, electronic appliances, clothes and accessories made in Taiwan as well as cultural and art creativity to the Nanjing consumer market, while serving as an effective platform for local business buyers to order Taiwan products.

Renowned developers and institutes from Mainland China, Taiwan, and overseas have been invited to study the characteristics of existing street blocks in Taiwan, and analyze why the Taiwan Trade Fair is successful in Nanjing as well as how the industry chain for Formosa Trade Center should be structured. Careful, comprehensive consideration has decided a street block style unique to conventional retailing and wholesaling operations in conjunction with the functionality of specialty exhibitions and trade shows. Featuring low-density development and innovative buildings, Formosa Trade Center is expected to attract 1,000 Taiwan businesses to station. With the upcoming Economic Cooperation Framework Agreement signing across the Taiwan Strait, the market of Mainland China will be increasingly open to Taiwan businesses. Formosa Trade Center will provide convenient export and import services to small and medium businesses from Taiwan and help them effectively compete for business opportunities in Mainland China, where Formosa Trade Center is going to become a very unique business exchange center.

Walsin Lihwa today conducted the Walsin Centro groundbreaking ceremony in Nanjing. The area of Walsin Centro is approx. 170,000 square meters and build-up area near 1 million square meters. The investment in Walsin Centro totals RMB$6 billion and construction will be completed start from 2012. This large commercial property development project in Hexi New Town includes a flagship shopping center, five-star hotel operations, high-class residences, office buildings, and well-planned commercial street blocks. Walsin Centro is going to become a salient landmark in Nanjing when the whole construction is completed.  

Developed by the Nanjing municipal government, Hexi New Town is a new metropolitan center with administration and office, business and trade, as well as cultural and sports functions. Hexi New Town features convenient transportation and comprehensive daily life amenities; it is an emerging district suitable for career development, high-class residences, international hotels, offices, recreation, and shopping. The Nanjing Olympic Sports Center, where the 2014 Summer Youth Olympic Games will take place, is also located here, and the upcoming event is going to draw more crowds and generate more business opportunities. Walsin Centro is located at the center of Hexi New Town and adjacent to the Nanjing International Exhibition Center and the Nanjing Central Park in addition to the Nanjing Olympic Sports Center. The superb location of Walsin Centrois further enhanced by a subway intersection.  

Walsin (Nanjing) Development Co., Ltd., which is established by Walsin Lihwa, responsible for the development construction, and investment planning of Walsin Centro by working with world-famous professional organizations to build this community encompassing home, hotel, office, and mall functions. The shopping center of Walsin Centro is designed by Ronald Altoon and Jim Porter, two architecture maestros at the Los Angles-based A+P Architects, and the shopping center will bring in internationally prestigious brands. Moreover, there will be international class hotels in cooperation with other renowned businesses. Walsin Centro — as a multi-function business area integrating business, life and recreation features — will even outdo Xinyi Planned District in Taipei City.

Walsin Centro is developed and invested by Walsin (Nanjing) Development Co., Ltd., a 100% owned subsidiary of Walsin Lihwa — is responsible for real estate development and operation in Nanjing.

Walsin Lihwa Corporation announced its net operating revenue for February 2010, on a stand-alone basis, was NT$6.2 billion, an increase of 72% from February 2009. January through February net operating revenue for 2010 totaled NT$12.3 billion, an increase of 95% compared to 2009.

The company’s consolidated net operating revenue for February 2010 was NT$ 13.5 billion, an increase of 57% from February 2009. January through February revenue for 2010 totaled NT$28.4 billion, an increase of 107% compared to the previous year. 

Walsin Lihwa Corporation, established in 1966, has been the leading manufacturer for copper wires and rods, power cables, and specialty steel in the greater China region.M

Walsin Lihwa Corporation announced its net operating revenue for January 2010, on a stand-alone basis, was NT$6.1 billion, an increase of 129% from January 2009. 

The company’s consolidated net operating revenue for January 2010 was NT$ 14.9 billion, an increase of 189% from January 2009.

Walsin Lihwa Corporation, established in 1966, has been the leading manufacturer for copper wires and rods, power cables, and specialty steel in the greater China region.

Walsin Lihwa Corporation announced its net operating revenue for December 2009, on a stand-alone basis, was NT$5.2 billion. The company’s consolidated net operating revenue for December 2009 was NT$ 14.7 billion.

2009 January through December net operating revenue totaled NT$61.4 billion, consolidated net operating revenue totaled NT$132.7 billion.

Walsin Lihwa Corporation, established in 1966, has been the leading manufacturer for copper wires and rods, power cables, and specialty steel in the greater China region.

Walsin Lihwa Corporation announced its net operating revenue for November 2009, on a stand-alone basis, was NT$4.6 billion. The company’s consolidated net operating revenue for November 2009 was NT$ 12.9 billion.

2009 January through November net operating revenue totaled NT$56.2 billion, consolidated net operating revenue totaled NT$118.1 billion.

Walsin Lihwa Corporation, established in 1966, has been the leading manufacturer for copper wires and rods, power cables, and specialty steel in the greater China region.

Walsin Lihwa Corporation announced its net operating revenue for October 2009, on a stand-alone basis, was NT$5.2 billion. The company’s consolidated net operating revenue for October 2009 was NT$ 12 billion.

2009 January through October net operating revenue totaled NT$51.6 billion, consolidated net operating revenue totaled NT$105.2 billion.

Walsin Lihwa Corporation, established in 1966, has been the leading manufacturer for copper wires and rods, power cables, and specialty steel in the greater China region.

Walsin Lihwa announces today to commence operation at its new headquarters building at A6 area of Xinyi District, Taipei City. 

The new office accommodates the company¡¦s accounting, administration, financial management, human resources, information technology, and procurement departments as well as some business units. From the 24th floor to the 27th floor ¡V nearly three stories utilizing area ¡V are used by Walsin Lihwa, while the other floors of the building are for office leasing.

Construction of Xinyi headquarters building started in early 2006. The SRC building has 27 stories above the ground and five stories below the ground. The base area exceeds 7,200 square feet and the total floor area exceeds 86,400 square feet. The area available for lease is approx. 67,320 square feet. There are extra high standards for the building materials, design, and construction quality of this energy efficient, environmentally sound, secure, and smart green building, which also enjoys an extremely convenient location. To the east, it is adjacent to the Xinyi A8 Hall of Shinkong Mitsukoshi Departement Store and, to the north, President Enterprise Corporation Tower. To the west and south are respectively Taipei City Hall and Chinatrust Financial Building . There is also a sqaure adjacenty to a park belt featuring open space design to the south of building. Moreover, the exterior lighting of this new headquarters building is designed by J.K. Yao, a renowned lighting virtuoso in Taiwan, to enrich nearby urban landscpaes at night and make this building one of the most impressive architectures in Xinyi District.

Established in 1966, Walsin Lihwa is committed to the R&D and manufacture of infrastructure materials including copper wires and rods, power cables and wires, and special steel products. The company has been the leading manufacturer for copper power cables, and specialty steel in the greater China region, as well has developed itself into an international conglomerate expanding to hi-tech sectors.

Walsin Lihwa Corporation announces its stand alone as well as consolidated financial statements of first 3 quarters of 2009 on 30th October. The stand-alone net operating revenue from January to September 2009 reached NT$46.39 billion. The consolidated net operating revenue totaled NT$ 93.39 billion.

The operating gross profit has reached NT$3.9 billion, up 71% from same period 2008. The consolidated one has reached NT$7.8 billion, 83% increase from the previous year. The income from operations was NT$ 2.9 billion, 112% increase from same period 2008, and consolidated income from operations was NT$4.8 billion, 257% increase from the previous year. Net income after tax has reached NT$ 1.4 billion, earnings per share at NT$ 0.46.

Walsin Lihwa Corporation, established in 1966, has been the leading manufacturer for copper wires and rods, power cables, and specialty steel in the greater China region.