Green Energy Technology (GET, 3519TT) held 2016 annual general shareholders' meeting
Green Energy Technology (GET, 3519TT) today (June 29, 2016) held the 2016 annual general shareholders' meeting.
GET keeps optimistic to the Company's solar business. GET shipment reached 2.72GW in 2015, increased by 22% YoY. GET shipped 786MW in 1Q16 with utilization over 95%. Along with technology and hot zone advancement from G5 to G6, GET ingot capacity has increased to 2.8GW in 4Q15, and reached 3GW in 1Q16.
GET V2 wafer reaches averaged efficiency 19.1% with PERC process, and reaches 18.2% with standard 4BB process. With 100% slurry recycling system, GET reduces material consumption of SiC by 25% and slicing oil by 20%.
Simultaneously, GET keeps developing diamond wire technologies of 140um diamond slicing and surface texturing to raise wafer efficiency and reduce polysilicon consumption. The high-end diamond wire technology GET developed is also supported by the Ministry of Economic Affairs,
R.O.C. Furthermore, GET plans to pursue strategic partners to bring into next generation etching technologies and monocrystalline business to expand markets and profits.
At GET 2016 AGM, the main points of Reports and Proposed Resolutions as below:
To approve 2015 Business Report and Financial Statements
To accept the Appropriation of 2015 Losses
To report the private placement of 2015
To elect Directors.
Proposed resolutions and reports summarized as below:
2015 Business Report
綠能科技(3519TT) 民國 104 年第一季至第四季 合併損益表
GET (3519TT) Consolidated Income Statement For the 12-month period ended Dec. 31, 2015
單位: 新台幣百萬元
(Unit: NT$ million )
4Q 2015
3Q 2015
QoQ
2015
銷貨收入淨額
Net sales
4,276
3,797
13%
15,506
(除每股盈餘)
毛利率
Gross margin rate
8%
-1%
-3%
銷貨毛利/損
Gross profit/loss
325
-57
670%
-414
營業利益/損失
Operating income/loss
-16
-240
93%
-1,261
淨損歸屬於母公司 業主
Net (loss) attribute to shareholders of the parent
-23
-567
96%
-1,499
淨損歸屬於非控制 權益
Net (loss) attribute to non-controlling interests
-18
0
-77
本期淨利/損
Net income/loss
-41
-567
93%
-1,576
每股盈餘/損 (元)
EPS (NT$)
-0.06*
-1.37**
-3.71***
稅後綜合損益
Total consolidated comprehensive income
-124
-523
76%
-1,696
*依加權平均流通在外股數 414,261 仟股計算 Based on 414,261 thousand weighted average outstanding shares
**依加權平均流通在外股數 414,261 仟股計算 Based on 414,261 thousand weighted average outstanding shares
***依加權平均流通在外股數 403,524 仟股計算 Based on 403,524 thousand weighted average outstanding shares
Notes:
Based on Accounting Conservatism, amount of around NT$ 162 million was set aside in 4Q2015 for uncollectible receivable accounts as allowance for loss.
基於會計穩健原則,4Q 2015 預提呆帳損失準備,金額約新台幣 1.62 億。
綠能科技(3519TT) 民國 104 年第一季至第四季合併資產負債表 GET (3519TT) Consolidated Balance Sheet
For the 12-month period ended Dec. 31, 2015 單位: 新台幣百萬元
(Unit: NT$ million )
2015
%
2015
Sep.30
%
Dec.31
流動資產
Current Assets
7,456
36%
6,853
32%
-現金與約當現金
-Cash & equivalents
1,636
8%
433
2%
基金及投資
Funds and Investments
69
0%
233
1%
固定資產
Property, plant & equipment
10,214
49%
10,582
50%
其他資產(含無形資 產)
Other assets & Intangible assets
3,102
15%
3,422
17%
資產總額
Total Assets
20,841
100%
21,090
100%
流動負債
Current liabilities
12,492
60%
13,729
65%
非流動負債
Other liabilities
1,496
7%
384
2%
負債總額
Total Liabilities
13,988
67%
14,113
67%
股東權益
Shareholders' Equity
6,853
33%
6,977
33%
Proposal for Appropriation of 2015 Losses
Proposal for Appropriation of 2015 Losses
ITEMS
AMOUNT (NT$)
Unappropriated Retained Earnings of Previous Year
0
Actuarial Income/Loss from Defined Benefit Plans
8,056,534
Losses in 2015
(1,498,888,092)
Total Losses Needed to Cover
(1,490,831,558)
Appropriation of Losses
Capital reserve- Common stock Premium
1,490,831,558
Losses needed to appropriate end of 2015
0
The private placement of 2015
Pricing date: Apr. 22, 2015.
Shares issued: 34,683 thousand new common shares.
Price per share: NT$ 17.3 per common share.
Fund raised: NT$ 600 million.
Record date: Apr. 24, 2015.
To elect GET's 5th Board of Directors
Nine Directors are elected: Director: Lin, Wei-Shan
Director: Lee, Lung-Ta
Director: Lin, Hur-Lon
Director: Yeh, Wei-Feng, Director: Lin Kuo, Wen-Yen Director: Chen, Fan-Hsiung Independent Director: Chiu, Po-Sung Independent Director: Tu, Teng-Tsai Independent Director: Wang, Chu-Ching
At first meeting of the 5th Board of Directors held on June 29, Mr. Wei-Shan Lin is elected to be the Chairman of GET.
For more information, please connect to
http://doc.twse.com.tw/server-java/t57sb01?step=1&colorchg=1&co_id=3519&year=105&mtype
=F&
Thank you for your attention.
Green Energy Technology Inc. Ltd. published this content on 29 June 2016 and is solely responsible for the information contained herein.
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