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- About E Ink
|Company Name||E Ink Holdings Inc.|
|Industry Type||Optoelectronic / Electronic Paper Displays(EPD)|
|Principal Activities||Research, Develop, Manufacture and Sales of:
E Ink electronic ink, display module, and its components
|Date of establishment||1992-06-16|
|Date of Listing||2004-03-30|
|Principal Office||No.3, Li-Hsin Rd. 1, Hsinchu Science Park, Hsinchu 300, Taiwan|
|Number of Employees||2700|
|Stock Transfer Agent||SinoPac Securities Corporation|
To all shareholders:
2019 Business Report
Continued US-China tensions in 2019 led to increased trade barriers and uncertainty in economic activities within the global economy. Global economic growth therefore dropped to its lowest rate in a decade. Faced with challenges such as conservative enterprise spending around the world and weak consumer buying power, E Ink revenues did not grow as much as expected and consolidated revenue for the year was NT$13.6 billion. Despite the challenges of revenue growth, E Ink engaged in aggressive efforts to improve business efficiency and governance. A gross profit of NT$6.04 billion with a gross profit margin of 44.4% created a new record. Net profit after tax was NT$3.08 billion with an earnings per share (EPS) of NT$2.72, making this the 7th consecutive year of record company earnings.
Looking back on developments in 2019, there was a shift towards larger displays and stacked product packages with a high unit price though eReaders experienced a slight decline in revenue and shipments. eNote also made great progress in the smart education and e-learning market. Due to cooperating to ecosystem partners on product launch and end-user market development timeline, product revenues were not achieved the growth targets. The increasing maturity of Print Color ePaper technologies means that eNote products will become colorful to meet the demands of the e-learning market.
For Internet-of-Things (IoT) applications, Electronic Shelf Label (ESL) is growing steadily in the New Retail market. In addition to its adoption by large supermarket chains in the Europe, U.S. and Chinese markets, the surface area of ePaper shipped for ESL now matches the surface area of ePaper shipped for eReader applications. In the ePaper signage business, we were actively involved in the smart healthcare and smart city applications market. We continued to strengthen our collaboration with ecosystem partners to design innovative or revolutionary products for hospital and transport applications. Our efforts are beginning to pay off and the visibility of our pilot locations have continued to increase. At the same time, ACeP™ (Advanced Color ePaper) is moving towards mass production and future applications will include retail signage as well as digital signage in other spaces.
E Ink was also presented with a 5th Taiwan Mittelstand Award by the Ministry of Economic Affairs in 2019 that recognized the company management’s lean and highly-efficient business management, the continued refining of ePaper technology, the development of ePaper applications, and the steady growth of the company. That was not all either. E Ink made great strides in the economic, environmental, and social aspects of sustainability development by winning the Taiwan CSR Award for three consecutive years. In 2019, E Ink won four top awards in 2019: “Top 50 Corporate Sustainability Award,” “Corporate sustainability Report Awards - IT & IC Manufacturing” (Gold award),” “Best Performance in a Specific Category - Social Inclusion Award,” and “Best Performance in a Specific Category - Growth through Innovation Award.”
2020 Business Focus
Having weathered the economic uncertainties of 2019, E Ink will continue to pursue revenue growth, technological capability, and sound governance in 2020. The global supply chain and economic development was however impacted by the Novel Coronavirus (COVID-19) at the start of 2020. Faced with this unexpected and even more challenging development, E Ink immediately took all precautions and cooperated fully with the epidemic prevention efforts of the relevant agencies. Epidemic prevention measures in company operations were also tightened. Resources were mobilized in a timely manner to ensure the continuity of production even as we stayed in close contact with our customers and worked together to ensure no interruption to shipments. Nevertheless, the already weak global economy and uncertainty over the pace of future recovery will all become significant variables in the future revenue growth of E Ink.
For business development in 2020, E Ink will continue to develop the market for eReader, eNote, and IoT applications. Even as eReaders move towards larger displays and stacked products with high unit prices, the introduction of handwriting function will hopefully attract more users and lead to a larger market. For eNote business, we will not only continue to develop existing markets and support the launch of new customer products, but also seek to generate new growth from the application of Print-Color ePaper to the education market. In IoT, the ESL business is growing steadily and the market shows no sign of abating. Previous market efforts onePaper tag for smart logistics should begin to deliver results. Digital signage applications in health care and transport should also start to bear fruit too, so revenues will be expected gradually increase.
In terms of technology development, we will not only supply black & white ePaper products with better performance but also consolidate our product and production technologies to achieve further improvements in the yield of flexible electronic products. At the same time, color ePaper products will enter mass production. This technology will contribute revenue in individual applications. The development of eReader and eNote technologies will focus on the refinement of the handwriting function; retail and logistics ePaper tags will focus on the development of power-saving and passive technology to lay down the foundations for future product development.
Business management will build on the solid foundations we have achieved so far. In addition to consolidating our R&D capability to accelerate the product development cycle and shorten the time-to-market, we will also continue to improve productivity through production automation. At the same time, the flexibility of operational management will be strengthened to maximize efficiency between product development and product shipping so that it can serve as a core component of our business competitiveness.
Faced with an uncertain macro-economic environment, E Ink will streamline our business management, refine our development and manufacturing of color, flexible, energy-efficient and energy harvesting technologies, as well as liaise closely with customers and supply chain partners to ensure the smoothness and reliability of our ePaper manufacturing and shipments, as well as strengthening our business development. At the same time, facing the dual trends of smart city and IoT, E Ink will focus our efforts on the development of smart applications based on ACeP and Print Color ePaper technologies that epuip with the bistability and reflective attributes of ePaper. E Ink will take this opportunity to bring business growth and dedicate to bringing a sustainable, smart and “paper-free” future.
|Shareholders' Meeting||Date||Agenda||Handbook||Annual Report||Meeting Minutes|
SinoPac Securities Corporation
7, 8, &18F, 2 Chung Ching S. Rd., Sec. 1, Taipei 100,Taiwan
|Year||Cash Dividends||Stock Dividends|
|Ex Date||NT$ / Share||Ex Date||NT$ / Share|
You can access to the following links for the material announcements by entering the company code “8069”:
|Exchange||Taipei Stock Exchange|
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