PV conductive paste maker Giga Solar Materials will distribute a cash dividend per share of NT$15.00 (US$0.476) for 2014 operations, accounting for 61.12% of the corresponding EPS of NT$24.54, according to the company.
Giga Solar recorded consolidated revenues of NT$9.679 billion (US$306 million), gross margin of 20.96%, net operating profit of NT$1.521 billion, net profit of NT$1.494 billion for 2014 operations.
For the 2014 consolidated revenues, 60-70% came from PV front-side silver paste and over 50% from China-based clients. As the China government has set a target total capacity of 17.8GWp for PV power-generating stations and rooftop PV systems to be installed around China in 2015, Giga Solar is expected to benefit from the large demand.
Giga Solar will reserve a portion of 2014 net profit for non-operating investments in PV power-generating stations with total installation capacity of 10-20MWp in Japan in 2015, with total investment estimated at JPY2.5 billion (US$20.9 million).