Compal Electronics shipped 8.9 million notebooks in the first quarter of 2014 and expects an on-quarter increase of over 10% in the second quarter, company president Ray Chen said at a May 8 investors conference.
Compal aims to ship 40 million notebooks, 35 million smartphones and other smart devices, and six million LCD TVs in 2014, Chen said. Due to its business adjustment, revenue proportion for notebooks is expected to keep falling from 80% for the first quarter to 70% by the end of 2014, Chen indicated.
In addition to existing product lines, Compal has stepped into server ODM production and will begin shipments in the third quarter of 2014, Chen said.
Compal has been shifting notebook production from factories in Kunshan, eastern China to those in Chongqing and Chengdu, western China, and the Kunshan factories will be reallocated to smartphone production, Chen said.
LCFC (Hefei) Electronics Technology, Compal’s joint venture with Lenovo, has turned profitable and expects notebook production to reach full capacity in June 2014, Chen noted.
Compal’s board of directors on May 8 decided to distribute a cash dividend per share of NT$1 for 2013, 75.44% in excess of the corresponding net EPS of NT$0.57.