Micro Wind North Station Contract Expiring: Haitian Says Short-Term Impact on Investment

Central News Agency Report

(CNA reporter He Xiu-ling, Taipei, June 11) Haitian's invested company, Micro Wind Plaza Enterprise, will see its commercial contract for the Taipei Main Station complex expire on July 24, 2024. Haitian acknowledged that this will inevitably affect its short-term profitability. In 2024, raw material costs have fluctuated: packaging materials such as bottles and caps, affected by oil prices, have risen, while sugar and coffee prices have declined, helping to alleviate cost pressures.

Haitian held a corporate briefing for institutional investors at the Taiwan Stock Exchange today. Haitian spokesperson Du Ju-chan stated that the contract for the Taipei Main Station commercial project operated by Micro Wind will expire on July 24. Haitian holds a 24.46% stake in Micro Wind Plaza Enterprise, and while short-term profits will be affected, the initial investment cost has already been recovered, and the company now receives stable annual rental income, making the overall impact relatively limited.

Regarding raw materials, Du noted that international developments and oil price volatility have driven up costs for plastic packaging materials such as bottles, caps, and shrink films, which are derived from petrochemicals. On the product content side, sugar and certain coffee bean prices have recently declined, helping to reduce cost pressures. Haitian will continue to carefully manage cost fluctuations.

Du stated that Q2 marks the peak season for beverage sales, and Haitian has launched new fruit tea products to capture summer market opportunities. The liquor business is expanding into new markets through new products and cross-industry collaborations, while the biotech division is upgrading products and expanding its health supplement portfolio.

Additionally, Haitian's liquor specialty store 'Haitian Liquor Hunt,' launched at the end of last year, has exceeded expectations in customer traffic, revenue, and membership recruitment. The company plans to open its second store in Banqiao, New Taipei City, in August this year.

Financially, Haitian reported first-quarter revenue of NT$2.328 billion and net profit attributable to owners of the parent company of NT$116 million, down 53.1% year-on-year, with earnings per share (EPS) at NT$0.29. Du emphasized that excluding the one-time gain from the sale of land in Tainan last year, first-quarter profits this year have actually increased compared to the same period last year. (Edited by Zhang Liangzhi) 1150611

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