Hengyao's EPS was 4.3 yuan last year, and it plans to distribute a dividend of 3 yuan.

(Provided by Hengyao)

[Reporter Huang Haochen/Taipei Report] Automotive fastener factory Hengyao International (8349) announced its financial report for the past (2022) today. The cumulative revenue is 11.475 billion yuan, the net profit is 572 million yuan, and the net profit attributable to the parent company is 588 million yuan. Earnings (EPS) 4.3 yuan; Hengyao also approved by the board of directors, plans to distribute a dividend of 3 yuan per common share, including 2 yuan in cash dividends, 1 yuan in stock dividends, and 1.9 yuan in cash dividends for special shares. It is expected to be distributed on June 16. Shareholders' meeting held on the day.

Hengyao's main products are automotive fasteners and safety structural parts. Its customers include major automobile manufacturers in Europe and the United States. Trusted by car customers, the revenue of EV (electric vehicle) products has increased year by year in recent years.

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On March 1, Hengyao also entrusted Huanan Bank, Zhaofeng Bank, and Changhua Bank with its affiliated company, Hengyao Industrial, to co-organize and sponsor the NT$12 billion ESG-linked joint loan case. The funds are used to support the development of Hengyao Industrial Park in Guiren, Tainan. And the establishment of overseas production bases will become the backing for the future development of the company.

Hengyao said that relying on the experience of electric vehicle ODM (design and manufacture by the original factory committee) and the advantages of international car factory certification, it has successfully cooperated with major car manufacturers. Based on long-term operation and development, it is expected to add a production base in Southeast Asia to enhance the flexibility of the global layout and enter the ASEAN market. And purchased an industrial zone in Vietnam with an area of ​​about 35 hectares, with an initial planned investment of 100 million US dollars. It is expected to start construction this year and start production in the first half of 2024.

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