Taipower's board of directors approved the latest October financial report. The accumulated losses for the first ten months have reached 188.6 billion yuan, which is more than one-half of the company's paid-in capital of 165 billion yuan.

(file photo)

The amount of loss exceeds half of the paid-in capital

[Reporter Lin Jinghua/Taipei Report] Taipower’s board of directors approved the latest October financial report. The accumulated losses for the first ten months have reached 188.6 billion yuan, more than one-half of the company’s paid-in capital of 165 billion yuan. Taipower An extraordinary meeting of shareholders is expected to be held on the 16th to increase the company's rated capital to 600 billion yuan.

In the face of financial deterioration, Taipower will take three measures to deal with it, including an increase of 150 billion yuan in capital by the Ministry of Economic Affairs, an initial issuance of special shares of 50 billion yuan, and an increase in the net asset revaluation value of 50 billion yuan.

In July this year, the average electricity price was raised by eight.

4%, but according to Taipower's financial report, although the electricity bill revenue in the first ten months increased by 33.9 billion yuan compared with the same period last year, the fuel expenditure increased by 211.8 billion yuan compared with the same period last year, and the purchase of electricity also cost 56.7 billion yuan more. The total fuel and power purchase expenditures in the first ten months have reached 591.8 billion yuan; by the end of October this year, Taipower’s accumulated losses have expanded from 23 billion yuan in the same period last year to 230.2 billion yuan, and the debt ratio has reached 99. twelve.

Nine%.

Please read on...

The Ministry of Economic Affairs increased capital by 150 billion and issued special shares of 50 billion

Taipower's paid-in capital is 330 billion yuan, and its rated capital is 400 billion yuan. This year, due to the sharp fluctuations in fuel caused by the Ukrainian-Russian War, Taipower's pre-tax loss in the first October has reached 188.6 billion yuan, exceeding its actual income. One-half of the capital; according to Article 211 of the Company Law, the board of directors should immediately convene a shareholders' meeting to report.

Taipower's extraordinary shareholder meeting is scheduled to be held on the 16th, and the rated capital is planned to be adjusted to 600 billion yuan, of which 150 billion yuan will be subscribed by the major shareholder Ministry of Economic Affairs through private placement, and the other 50 billion yuan is planned to issue special shares. shares, and seek financial assistance from other major shareholders, such as Taiwan Bank, First Bank, and Changyin, and other six major public stock banks.

Taipower stated that the Ministry of Economic Affairs’ capital increase case will be handled at the stock meeting, but the special shares still need to discuss detailed conditions with the public stock bank; Taipower has entrusted an appraisal company to revaluate investment real estate assets in July this year, and preliminary results will be available before the end of the year , and expect the net asset value to increase by 50 billion yuan.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.