2020 Financial and Operational Performance
The consolidated revenue of the Company and subsidiaries in 2020 was NT$531 million, with a decrease of $621 million compared with consolidated revenue in the previous year. The consolidate operating gross profit was NT$93 million, dropping by 20.1% from the previous year’s consolidated gross profit of NT$117 million. The net loss from consolidated operations was NT$122 million; the pre-tax net profit was NT$202 million; the after-tax net profit was NT$195 million, and the earnings per share were NT$0.91. The sales of security system products (e.g. anti-theft/ disaster prevention/ home automation/ video surveillance) contribute to the majority of the operating income. The Company would continue to integrate technologies of software and hardware platforms and apps around the globe. While exploring the smart security industry, the company also lays the foundation for the market of smart construction .
2021Plan for Business, Product Development, and Operation
In 2021, Everspring Industry Co., Ltd. continued to promote security systems and products; it has been exploring the market of smart security control in Central and South America, the Middle East, and Europe. Meanwhile, the projects of smart product design and collaborative projects with major European and American brands continues to grow.
The company has been working on product development, too. Smart security is a set of comprehensive solutions that can integrate services, with anti-theft alarming, disaster prevention, energy saving, environmental control, home health management, image monitoring, and other functions. A complete smart platform would include hardware, Apps, and cloud services. In addition to promoting our own brands, the company also focus on integrating its home-developed products with those from third-party manufacturers. For example, smart IP gateways, security alarms, various sensors, IP Cam, wireless remote controls, smart sockets, mobile device apps, and cloud services. These products can also be combined with the integrated system of anti-epidemic temperature monitoring products to achieve big data integration and analysis to improve protection efficiency and reduce the risk of infection.
In terms of operations, Everspring Industry Co., Ltd. has transferred its production bases in mainland China this year. It has successfully completed the transfer of shares of mainland subsidiaries. Also, the Company has re-examined and consolidated group assets to reduce operating costs and increase asset value. Despite the raging global pandemic, the company’s operations have not been suspended, and it’s still accelerating with the development of new products to keep up with the trend and business opportunities on the market.
Vision and Prospect for the year of 2021
In 2021, Everspring Industry Co., Ltd. expects to boost its business in providing software and hardware platform service solutions with smart security to its target market. The company will offer to the customer security platform integration, high value-added products and services, and more complete and humanized smart life services solution.
This year, Everspring would continue to improve its security and automation products series and system service solutions. The Company will also officially promote access control system with more advanced hardware with the hope to enhance the competitiveness of product value and creating greater benefits for the company. Here, I would like to thank all shareholders, customers, third-party vendors, and all colleagues for their continuous support, encouragement, and contribution to Everspring Industry Co., Ltd. .
Chairperson Chang Tse Ling
General Manager Chang Tse Ling
Director of Accounting Li Hsiu Ting