After the global economic crisis of the last two years, WNC has adjusted its functional organization and product policies to adapt itself to a more severe industry environment. Furthermore, WNC has strengthened management of corporate governance and investor relations through disclosure of operational status information on its website and during results conferences so as to effectively enhance information transparency. WNC has been working hard to achieve sales performance and good investor relations. In 2010, WNC was not only ranked in fourth place by CommonWealth Magazine for "the best reputation and benchmark of communication enterprise in Taiwan," but it was also recognized by Asiamoney magazine in the following seven prize categories:
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Overall Best for Investor Relations across Asia
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Best Overall for Corporate Governance
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Best for Disclosure and Transparency
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Best for Responsibilities of Management and the Board of Directors
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Best for Shareholders' Rights and Equitable Treatment
Ever since WNC was founded, it has implemented its internal regulations in accordance with applicable national laws in order to guide its employees, managers and the Board of Directors. Further adjustments to ensure internal compliance with amendments to regulations by the competent authorities are carried out in accordance with an understanding of the full scope of domestic/international investments and sales trends. Operating policies such as environmental protection, industrial safety, health policy, anti-discrimination, honesty, conflict of interest, information safety and public welfare assistance are all included in the field of corporate compliance. All WNC subsidiaries and affiliates are required to follow the same corporate compliance guidelines. WNC clearly states that employees must uphold high ethical standards, abide by norms of integrity while in execution of their daily duties to protect company credibility. WNC pays close attention to every change in domestic/international policies and regulations and amends related risk control policies accordingly.
WNC announced its non-consolidated revenue of 2010 as NT$26 billion, up by 94.9% YoY. Consolidated revenue was NT$27 billion, up by 71.9% YoY. Net income was at NT$ 1.5 billion, up by 88.5% YoY. An EPS of NT$5.92 was reported. The following financial data charts present WNC’s operating results of the previous 4 years.
WNC’s financial status is healthy and it owns a major part of its own capital. Because WNC is qualified for the “Statute for Upgrading Industries”, it is therefore entitled to such benefits as five years of tax exemption and deductions on its Enterprise Income Tax for the expenses of automated machinery and equipment purchases, research and development as well as personnel training.
