【CHEM】Achieves Record Market Value, Poised for Growth Over the Next Three Years

Date: May 27, 2024
Source: Central News Agency
Reporter: Rongfeng Zhong

CHEM Group held its annual shareholders' meeting today at its Linkou facility in Guishan, Taoyuan, chaired by Chairman Chiang Fu-Nian. He announced that CHEM's market capitalization and dividend payouts in 2023 reached record highs since its public listing, with the company's market value now exceeding NT$80 billion. Confident in the company’s trajectory, Chiang projected sustained growth momentum over the next two to three years.

Strong Performance and Market Recognition
Chiang highlighted a highly successful 2023, with record-high market capitalization and cash dividends distributed at historic levels. CHEM's outstanding performance has also been recognized globally, earning a spot in the Top 1,000 Enterprises in Greater China as ranked by international investors.

Strategic Business Expansion
Looking ahead, CHEM is actively expanding its power plant infrastructure, offshore wind substation projects, energy storage facilities, and Taiwan Power Company's (Taipower) indoor substation projects. These initiatives will reinforce the company's leadership in power transmission, distribution, and renewable energy integration.

iCharging: Smart Charging with Hydrogen & Energy Storage Integration
CHEM continues to enhance its iCharging EV charging network by integrating hydrogen power generation, battery energy storage systems (BESS), and smart grid energy management systems (EMS). This innovative solution reduces carbon emissions by releasing stored energy during peak hours, minimizing reliance on grid power for charging stations. Over the next eight years, this initiative is projected to offset CO₂ emissions equivalent to the absorption capacity of 709 Da'an Forest Parks.

Expanding Precision Manufacturing Capabilities in China
In China, CHEM is upgrading its advanced precision machining technology, extending its expertise into semiconductor and optoelectronics equipment manufacturing. By securing orders from major international clients, the company aims to diversify market risks and reduce exposure to regional economic fluctuations.

With a strong financial foundation, strategic investments, and expanding global partnerships, CHEM is well-positioned for sustained growth and leadership in the energy sector over the next three years.