Compal Electronics expects the proportion of consolidated revenues from product lines other than notebooks to increase from 20-21% in the first half of 2014 to 30% in the second, resulting in 25% for the whole year, according to company president Ray Chen.
The revenue proportion is expected to reach 30% in 2015, Chen said.
Compal aims to ship 41 million notebooks and 35 million smartphones, tablets and other smart hand-held devices in 2014.
In order to integrate production lines to increase efficiency, Compal is shifting handset production lines from a factory in Nanjing to one in Kunshan, eastern China, with completion scheduled for July-August 2014, Chen said. Compal has obtained ODM handset orders from Lenovo for the Brazil market, Chen indicated.
Compal has become a supplier of automotive electronics for a Germany-based automobile maker and has offered sample smart wearable devices for potential clients with production expected to begin in 2015, Chen said.
Currently, supply of 13- and 14-inch notebook panels is 2-5% short of demand and notebook ODMs have asked panel makers to appropriate 12- and 15-inch notebook panel lines to make 13- and 14-inch panels, Chen said.
Compal's operations in the second quarter of 2014 will be better than originally expected, with sequential growth in consolidated revenue upward adjusted from 10-15% to 15-20%, Chen indicated.
Compal's shareholders have approved the distribution of a cash dividend per share of NT$1 for 2013, on net EPS of NT$0.57. |