Profits Hit Record Highs at Taiwan's Embedded PC Makers

Profits hit record highs at most of Taiwan's leading makers of embedded PCs, or industrial PCs, last year mostly thanks to market recovery in the United States and Europe.

Advantech Co., Ltd., a major player in Taiwan, earned NT$7.26 per share while Ennoconn Corp., a subsidiary of the Foxconn Technology Group, made around NT$6.17 per share. AIC Inc. earned an estimated NT$8-8.5 per share in after-tax net income. Both FLYTECH Technology Co., Ltd. and Posiflex Technology Inc. are estimated to net at least NT$7 per share.

Industry executives project Advantech's earnings for this year at NT$8 per share. Company chairman and chief executive officer (CEO), K.C. Liu, points out that the company's subsidiary, Advantech Intelligent Service Co., Ltd., went public in 2010. The subsidiary, split from Advantech in 2013, mainly depends on the market in Taiwan and China for Things of Internet (TOI) and Smart City equipment for its revenue.

Advantech is constructing a smart industrial zone in Linko District, New Taipei City, which is scheduled to be completed this March and will be the company's headquarters for embedded PC operation. The company plans to move in this zone sometime in the first quarter to begin tapping cloud computing market.

Ennconn's 2013 earnings rose  two-folds from 2012's NT$3.1 per share, and was listed on the Taiwan stock market in December last year, likely becoming Foxconn's other cash cow this year.

Following the hefty 2013 earnings, AIC is also projected to make lucrative earnings this year thanks to Google's orders for cloud data center equipment.

Industry executives feel point of sales (POS) market will continue boosting Posiflex's earnings into this year. (KL)

2013 Earnings at Taiwan's top Embedded PC Makers

Stock code	Company	2013 EPS
2395	Advantech	Record high of NT$7.26
3693	AIC	Estimated NT$8-8.5
6206	FLYTECH	Over NT$7
6414	Ennoconn	Record high of NT$6.17
8114	Posiflex	Over NT$7

Sources: the comp