Gintech Energy Corporation (Taiwan, China)

Gintech Energy Corporation (Gintech) was established on August 10, 2005, principally engaged in the manufacture and distribution of solar cells. On November 2, 2007 Gintech Energy Corporation (Gintech) was listed in the Taiwan Stock Exchange. In 2007 the company was ISO 9001 certified and in 2010 reexamined and certified again. In 2008 the company acquired ISO/TS 16949. Gintech Energy had 1, 257 employees in 2010. The company transfers its process technology from European PV suppliers and it adopts the state of art automated production equipment for a high performance product. The company provides six-inch multi-crystalline and mono-crystalline solar cells, as well as five-inch multi-crystalline and mono-crystalline solar cells. Its products are applied in consumer electronics, watches, computers, solar chargers, solar vehicles, road and transportation systems and power generation, among others. The company distributes its products primarily in Asia, Europe, the Americas and Oceania. Gintech Energy Corporation is ranked number 13 out of 57 listed optoelectronic companies in Taiwan with a market capitalization of TWD22.4 billion (US$779.8 million). In the optoelectronic companies it has the 14th highest total assets and 10th highest revenues. Within its sector it has a relatively low P/E of 11, a moderate P/S of 1.8. It has a strong relative ROE of 13.5% and ROA of 8.9%. The dividend yield is high at 0.3%.