Nova Materials Technology (NOVAX) held its 111th Annual Shareholders Meeting today (6th) at the Heyi Hotel in Taoyuan. Chairman Yang Lianzhi mentioned that future directions include stock IPOs, establishment of new locations, diversified product plans, etc. During the meeting, it was decided to pay a dividend of 1.11 yuan for the 110th year.
"NOVAX", the largest supplier of catalyst reducing agents in the Asia-Pacific region, is the first company to invest in the production and manufacturing of "AdBlue®" (catalyst reducing agent for diesel vehicles). It is also the only company in Taiwan that has dual certifications from the American Petroleum Institute API & German Automobile Manufacturers Association VDA and ISO 9001 & 14001 certification. The company's catalyst reducing agents have been widely recognized and franchised by 303 gas stations across Taiwan.
Yang Lianzhi mentioned that today's shareholder meeting is the largest shareholder meeting held by Novavax in the 16 years since its establishment in 2006. However, due to the severe impact of the epidemic, it had to switch to an online + physical shareholder meeting model. He pointed out that Novavax's competitive advantages include the implementation of the "Respect God and Love People" business philosophy, and the use of IoT Internet of Things, cloud, big data and other technologies. He pointed out that Novava invested in the development of software and hardware with AI artificial intelligence many years ago and has developed its own "i-Depot smart storage tank filling system". The Internet of Things platform connects the mobile vehicle to accurately calculate the filling amount of vehicle catalyst reducing agent and the storage capacity of the tank. Once the storage capacity in the tank is lower than the set value, the system will automatically call for replenishment, which can achieve the function of zero inventory and instant replenishment at the gas station. In addition, the system will also automatically generate reports to solve the mistakes of manual copying in the past, and the gas station can also control all transaction details and improve management efficiency. Therefore, it can be said that the cash flow is fully grasped, and it can accurately judge that customers are about to run out, and supply customers with goods in a timely manner to achieve a win-win situation.
Yang Lianzhi said the main vehicle urea products AdBlue means "creating a blue sky." In addition to the continued development of automotive urea in the future, it is currently expected to invest NT$80 million in the research and development of a new circular economy business (U-power energy bars). The method is to use the foam of discarded sofas and mattresses to process and decompose them to make energy bars to replace coal. In addition, it plans to introduce Japan's exclusive technology energy-saving and carbon-reducing cooling products. Using this product to cover anything can reduce the temperature by up to 10 degrees C. The product is scheduled to be exposed at the exhibition in August this year. There is also a new type of "self-produced electricity/energy storage charging pile" under development, which can quickly charge two cars at a time. If everything goes well, it is expected to be launched on the market in 2023. In view of the seriousness of the epidemic, it was recommended to the Ministry of Health and Welfare two years ago that rapid screening should be fully introduced in the Taiwan market. Nova It has been deployed in advance since last year, and 200,000 copies of the rapid screening test have been sold from February to April this year. In May, Nova's Fresh No. 1 was also launched and given to customers, relatives and friends for free in the spirit of respecting God and loving people, and continued to create a diversified business structure to create profits for shareholders.
Yang Lianzhi revealed that as of today (June 6), the turnover of the whole year of last year has been reached. In May this year, the company set a new single-month sales record of NT$100 million since the company was founded. This year’s EPS is NT$2.5, and the turnover is expected to exceed NT$500 million next year. In addition, it will cooperate with World Vision and provide 1% of the total sales of automotive urea cards to assist in humanitarian relief for children and refugees under the war in Ukraine and Russia, in order to fulfill its social participation and social responsibility.
YouTube
[Nova Materials Technology 2022 Regular Shareholders Meeting]
Chairman Yang Lianzhi talks about the current situation and future development of the company-Blue Sky Greenland Project·ESG Practitioner
https://youtu.be/I7Rj-DFcpXw