AIM Doing Well in Diversifying Into 3C Industry

Taipei, April 6, 2011 (CENS)--Advanced International Multitech Co. (AIM), a leading golf club head maker in Taiwan, is posting rising revenues after diversifying into the 3C industry some three years ago.

Before the diversification, the company mainly made, processed and distributed golf gear and bicycle accessories, including stainless steel and titanium alloy golf club heads, carbon fiber club shafts, bicycle frames and forks.

Now AIM makes parts of carbon fiber for other industries but mainly 3C and aviation. Last year it received orders from Chi Mei Optoelectronics Corp. and Tomiya, the former being a leading optoelectronic firm in Taiwan and latter a Japanese toy company, and lately has received orders from a few computer companies for flat computer parts.

A senior manager at AIM says that the firm scored monthly revenue of about NT$40-50 million (US$1.29-1.61 million) from the 3C sector initially, which then surged to NT$150 million (US$4.84 million) in February of this year and is expected to rise to NT$200 million (US$6.45 million) in March and April. The revenue from the 3C sector is estimated to reach NT$2.4 billion (US$77.42 million) this year, or one fifth of projected corporate revenues, and its pretax earnings per-share (EPS) may reach NT$2.5 (US$0.081).

The gross profit from the 3C sector is about 15%-20%, higher than that for golf products, and will, with revenue continuing on an uptrend, very likely outpace that of golf club heads, says the manager.

AIM Revenues (2006-2010)
Year	2010	2009	2008	2007	2006
Revenue (NT$B)	8.27	7.08	8.319	8.112	6.694
After-tax profits (NT$B)	0.474	0.65	0.575	0.669	0.61
After-tax EPS (NT$)	3.6	5.26	4.84	6.01	5.94