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Message from the Chairman |
| Tyntek is committed to being the best partner for providing optoelectronic semiconductor solutions. |
| In 2024, the global economy continued to face challenges as geopolitical tensions and frequent regional conflicts affected supply chain stability and extreme weather exacerbated industry risks. The inflation in the U.S. slowed down but interest rates remained high, pressuring investment and consumption. The risk of slower global growth persisted, and China’s unstable economic recovery and weak market demand added to uncertainty. The long-term outlook of the optoelectronic semiconductor industry, driven by AI, high-performance computing, electric vehicles, and green energy demands, is promising. However, it was short-term affected by inventory, price competition, and economic pressures. Facing these challenges, the Company continuously optimized processes, improved quality, reduced costs, and diversified applications to maintain competitiveness in a volatile environment. Despite market instability, the Company achieved revenue growth, demonstrating robust growth momentum. In 2024, full-year revenue reached NT$2.394 billion, a 5.58% year-on-year increase. Net profit after tax was NT$0.065 billion, with earnings per share of NT$0.21. |
Climate change and extreme weather impacts have become critical issues that governments and businesses worldwide must actively address. “Net Zero Emissions by 2050” is not merely an environmental issue but also concerns national and industrial competitiveness. Driven by global net-zero emissions and corporate sustainable development trends, Tyntek continues to focus on sustainability policies, respond to customer ESG demands, and invest resources in promoting sustainable development. In August 2024, the Company upgraded its Sustainable Development Committee to a functional committee under the Board of Directors. In November, the board approved the Sustainable Development Policy as the core guide for the Company’s sustainable development, with ESG principles integrated into operations and employees’ daily activities. |
In terms of corporate governance, in order to continue to promote the diversity and independence of the Board of Directors, re-election of the Board of Directors was conducted at the shareholders’ meeting in 2024. It is now composed of 4 regular directors and 3 independent directors, of which 1 is a female independent director, with the percentage of independent directors as high as 43%. All independent directors were new appointments. The board members have rich experience in industry knowledge, operation and management, complementary to the strong financial and accounting abilities and risk management expertise of independent directors. |
Regarding operational and production-sales strategies, Tyntek actively developed new products, expanded customer sources, and adjusted its product structure to improve gross profit margins. The Company continued to research and develop products that meet market demands and promote product modularization and high value-added products. At the same time, we actively increased the proportion of our products in the wearable, industrial control, and automotive markets, to enhance product diversification and differentiation to meet customer needs and seize market trends. To support business expansion, Tyntek actively develop international marketing channels and logistics management. It also enhanced engineer training to improve technical support and after-sales service, thus steadily solidifying its domestic and international markets and increasing product market share. |
In environmental protection, Tyntek actively took stock of energy use, water resource utilization, greenhouse gas emissions, and waste generation. In 2024, we completed the annual greenhouse gas inventory and verification for both Ren’ai Plant and Kejung Plant, continued to promote emission reduction plans, and regularly reviewed improvement effectiveness. We have gradually introduced Task Force on Climate-related Financial Disclosures (TCFD) to identify potential climate change risks and opportunities, analyze the impact on the Company’s finance and operations, and formulate relevant response strategies to minimize environmental risks and achieve environmental strategies and goals. |
In employee care, we regularly held Safety and Health Committee meetings to enhance occupational safety and health management, continuously improved hazard identification, risk assessment, and accident investigation to create a safe and healthy work environment for employees. In terms of social engagement, we continued to promote industry-academia collaboration and participated in local or nearby community and public welfare activities, to maintain good relationships with our neighbors. For more details, please refer to this Report. |
In the face of numerous uncertainties in the overall global industry environment and future trends and challenges, Tyntek maintains a cautious yet optimistic attitude and continuously enhances its resilience to external changes. As the market rapidly evolves, especially driven by technological innovation and green energy transformation, we continue to deepen our sustainable development-centric business strategy, focus on the research and development (R&D) of optoelectronic semiconductor components, aim to create high-performance, high-value-added niche products, thus further facilitating product differentiation and diversification and actively increasing market share in Europe, America, and Japan. Through diversified development and strategic transformation, we will strengthen our team’s consensus on sustainable development, steadily promote long-term corporate growth, and achieve stable and sustainable operating results. |