Nanbao CEO Xu Mingxian said that this year's revenue is comparable to last year, focusing on high-margin products.

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[Reporter Zhang Huiwen/Taipei Report] Nanbao (4766) held an online legal seminar today (30th). CEO Xu Mingxian said that due to the high uncertainty of the overall and external environment and the inventory adjustment of brand customers, there is room for growth in revenue this year It is relatively limited, and will continue to improve operating efficiency and focus on high-margin products. In the long run, it hopes to increase profitability and growth through mergers and acquisitions.

Last year, Nanbao’s revenue reached 22.004 billion yuan, net profit after tax was 1.741 billion yuan, and earnings per share (EPS) was 14.44 yuan. Both revenue and profit hit a new high. The board of directors decided to distribute a cash dividend of 10 yuan; He said that Nanbao's latest dividend policy is to maintain a cash dividend payment rate of more than 65%, hoping to win long-term investment shareholders.

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He also pointed out that Nanbao is expected to obtain 70% equity of Changshu Yubo Polymer Materials, and Yubo produces epoxy resin, mainly for carbon fiber composite materials related applications.

Nanbao expects to enter China's carbon fiber resin market through mergers and acquisitions, grasp the business opportunities of import substitution, lightweight and new energy, and promote the development of carbon fiber business. Become a new long-term growth driver.

In terms of the shoe material adhesive business, due to the recovery of the inventory of sports brand customers, the pace of ordering slowed down, but the decline was milder than expected.

Xu Ming now predicts that the impact of customer inventory adjustments will continue into the second quarter, and the performance in the second half of the year is expected to be better than that in the first half.

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