TECHNOLOGY
<strong>E Ink payout plan approved</strong>
Shareholders of E Ink Holdings Inc (元太科技), a leading e-paper display supplier, yesterday approved the company’s proposal to distribute a cash dividend of NT$3.2 per share, suggesting a payout ratio of 70.64 percent based on the company’s earnings per share of NT$4.53 last year, which were the highest in 10 years. E Ink reported revenue of NT$19.65 billion (US$659.62 million) for last year, the highest in nearly nine years, due to robust demand for e-paper displays, e-notes and electronic shelf labels. E Ink chief financial officer Lloyd Chen (陳樂群) told shareholders that the evolution of the
E Ink Holdings Inc (元太科技), the world’s biggest e-paper display supplier, yesterday said revenue would continue to grow on an annual basis in the first half of the year, as large-scale retailers such as Walmart Inc are accelerating their adoption of electronic shelf labels (ESLs).
E ink said it is seeing rapidly growing demand for ESLs from hypermarkets in Europe, as retailers are motivated to push for store digitalization due to rising labor costs and a shortage of labor.
“We think higher inflation will boost ESL demand. We are seeing stronger demand and more companies are talking about installing ESLs in stores
From left, E Ink Holdings Inc chief financial officer Lloyd Chen, chairman Johnson Lee and president F.Y. Gan hold placards displaying the company’s pledges to use 100 percent renewable energy by 2030 and achieve net-zero carbon emissions by 2040 at an event in Taipei yesterday.
Shares of E Ink Holdings Inc (元太科技) yesterday surged 3.86 percent after the world’s sole e-paper display maker said that some of its customers are willing to pay deposits to secure supply.
E Ink shares yesterday closed at NT$148. Since the beginning of this year, the price has more than tripled from NT$48.5.
The Hsinchu-based company said it is racing to expand capacity, but is still unable to catch up with demand.
The company has budgeted NT$2 billion (US$72.1 million) for capital expenditure this year and plans to expand its capital investment to between NT$3 billion and NT$4 billion next year.
“Demand is quite