Corporate Responsibility Practice
Rising revenues and sustainable governance
Year 2018 saw a slump in the solar energy industry affected by China-US trade wars, solar energy policy changes in various countries, declining market demands and reduced prices and production outputs. All solar energy companies were faced with severe operation challenges. Yet, with concerted efforts form all staff members, SAS was able to hit another record high in terms of revenue and turn losses into profits and regain its profitability that has exceeded its competitors, as a result of production capacity adjustment, resources integration, product differentiation, continuous strategy adjustments in response to the market, plus outstanding business performance of its subsidiary, GlobalWafers.
1. Consolidated revenue of NT$ 69.239 billion and annual growth rate of 17%, another record high
2. Consolidated operating income of NT$ 13.178 billion and annual growth rate of 108%
3. EPS of NT$3.36, an increase of NT$1.56 from the previous year of NT$1.8
4. Shareholders’ equity of NT$ 47.914 billion, a 9% increase from the previous year.
5. Ranking in the top 5% of all TPEx-listed companies in five consecutive corporate governance appraisals
SAS has a leading competitive edge in the field of PERC mono-crystal cell efficiency and will continue to develop advanced technologies and accelerate research and development of new-generation products with ultra-high efficiency. We aim to establish mutually beneficial cooperative relationships with our customers to build a win-win environment conducive to joint growth. Regarding corporate governance, we constantly refine our performance to strengthen our commitment to the pursuit of sustainable operations.
Forward-looking and Industry-leading Technologies
The SAS R&D team is fully committed to the development of high-efficiency products with high added value. In 2018, the multi crystalline silicon wafer process was converted from Slurry to DW to enhance productivity and minimize environmental pollution. N-type mono crystalline cells are expected to reach 23% in efficiency by mid-2019. The P-type mono crystalline cells have reached 21.9% in average efficiency. As for the development of new products, Multi Crystalline Black Wafers, New-generation Mono Crystalline Busbar-less and Metal-Wrap-Through PERC have successfully entered mass production. In addition, SAS has also been active in promoting deployment of patents for key technologies and accelerated development of the company’s core technologies. A total of 267 patent certifications have been obtained worldwide. SAS will continue to accumulate R&D capabilities with a focus on development of advanced technologies and high-performance diversified products. The company’s overall competitiveness is enhanced through value-added innovation and optimized product combinations.
Circular Economy & Facilitating Green Energy and low carbon
The Global Risks Report 2019 released at the World Economic Forum in Davos pointed out that future extreme weather incidents, failed partnerships responding to climate change and natural disasters will be of high risks and high occurrence probabilities with major impact. In the face of rising risks of global climate problems occurrence, SAS as a global citizen and a member of the green industry will spare no efforts in continuously promulgating greenhouse gas mitigation and adaptation actions.
Excellent results have been achieved through recent participation in the Energy Conservation Improvement Project sponsored by the Industrial Development Bureau. Results include the improvements of air compressors and air conditioning systems. In 2018, power savings amounted to 2,764,000 kWh. Further still, with regards to solar energy plant deployment, SAS’ subsidiary, FZtech Inc., is fully committed to the Taiwan market and actively conducting solar energy plants investments and construction projects for the rooftop, ground-mounted and floating solar power plants, while introducing the gravitation water vortex solar power generation system to lower the water surface temperature and drastically enhance the power generation efficiency of the solar energy panel. In 2018, in our solar energy generation system, the total installation for grid-tie operation reached approx. 26MW, expected to reduce the CO2 emission by 9,890 metric tons per year. Up to end of 2018, the offshore and domestic installation for grid-tie operation reached approx. 97MW, expected to cut the CO2 emission by 66,685 metric tons per year.
In 2019, SAS teams up with its subsidiary, FZtech Inc., in the construction of compound energy system on the rooftops of the Chunan Plant that integrates the 99kW self-weight photovoltaic solar system, 100 kW/350 kWh power storage system, 600 kW adjustable grid-tie power generators. SAS has also switched to micro-grid systems inside the plant. The subsystem installations are expected to be completed by Q2 this year, while simultaneously blending the energy storage device development and integrating it to the energy management system platform in response to the future market demand for power storage management. Our subsidiary semiconductor company, GlobalWafers, passed the gold-level green building certification in January 2019 issued by the Ministry of the Interior, MOEA. Looking to the future, SAS will continue to participate proactively in the green energy promotion hoping to contribute to a clean environment that our future generations can rely on for sustainable survival.