Due to economic slowdowns in Europe and the U.S., rising shipping costs, and shifts in the market, Formosa Plastics (6505) reported a pre-tax profit of only NT$6.6 billion last year, a staggering 73% decrease, marking an unusual low point. However, Chairman Cao Ming stated that despite disappointing profits, the company decided to raise the dividend rate to reward shareholders.

During a recent shareholders' meeting, it was revealed that the company's pre-tax profit was significantly down compared to the previous year. Cao admitted that the results were unsatisfactory, and that the management team bore responsibility. Nonetheless, the company resolved to enhance the distribution ratio to acknowledge its long-term supporters. Facing a changing business environment, Cao emphasized that the company would optimize purchasing and production processes and vigorously promote transformation by introducing AI technology to boost efficiency and lower costs while moving towards sustainable operations.

Looking ahead, Cao expressed concerns over the uncertainty in global conditions, noting that if President Trump were to be re-elected, it could spark a new wave of tariff trade wars, leading to a significant impact on the global supply chain. Additionally, the implementation of Taiwan’s carbon fee system would further increase operational pressure on businesses.