First of all, on behalf of the Board of Directors, Chairman and the company management team, we would like to thank you for the great support and concern of Dimerco Express Group over the years. We also appreciate you taking the time to attend the 2020 annual general shareholders meeting of Dimerco Express Corporation.
With the efforts made by all staffs in Dimerco, the Group had consolidated operating revenue of NTD17.803 billion in 2019, decreasing by 3.5% compared with the previous year. The net profits after tax was NTD403 million, increasing by 53.5% compared to the previous year. The earnings per share after tax was NTD3.20, an increase of 53.1% compared to the previous year.
In the process of disruptive innovation, “in terms of organization restructure, managerial specialization, team leadership and intelligent applications”, the Company established the Executive Management Board (EMB) on 1st October 2019. The EMB was responsible for the operation and development of the Company. Besides, Dimerco had also upgraded its Corporate Management Information System (MIS) to Business Intelligence Technology (BIT) Division, with data integration along with the application of Internet of Things (IoT) enabling us to build a physical and virtual organization that provides a far reaching and forward-looking international logistics service. We call this approach “Mobile Intelligence Logistics”. Our unique Dimerco Value Plus System® operates on Web.3.0 cloud network, so that we can operate in a mobile environment and service customers at any location at any time, wherever there is internet connection. BIT supported 3 business units including Air Freight, Ocean Freight and Contract Logistics for business developments, service optimization and increased operational and management efficiency.
In the digital IoT era, this rapid and comprehensive improvement of AI technology, application of Big Data and Semi-Automation technology in the Internet+ environment underpins Dimerco’s re-positioning of the company as a “Mobile Intelligence Logistics Service Provider”. The Company is hence committed to leverage its web 3.0 based Dimerco Value Plus System® on Cloud Networking for more aggressive business intelligence technology. Furthermore, with the professional BIT, Dimerco is continually upgraded to meet the needs of our global customers. We seek not only to consolidate internal data and information for enhanced management performance, but vitally, to help customers build their competitiveness by providing external data integration and real-time information visibility for more effective supply chain management.
The Covid-19 outbreak occurred in the beginning of Y2020 and China started city and province lockdowns shortly after the outbreak. It has been four and half months since and the epidemic is gradually under control. Twenty seven countries in Europe, including Italy, Spain, the UK, France and Germany, were affected by the disease greatly. In addition, the USA became a new epicenter of the coronavirus pandemic in the middle of March 2020 since it did not prevent tourists from Europe entering the country. South-East Asia, including the countries such as the Philippines, Malaysia, Singapore, Thailand and Indonesia and India in South Asia have been impacted severely since April 2020. Hit hard by the epidemic, airlines cancelled lots of flights, causing difficulty for tourists to travel. Due to the flight cancellation, the transport capacity was also restrained. Dimerco focuses on the development and application of its own Dimerco Value Plus System®, which offers the mobility to operate and service customers in any location and at any time, when there is internet connection. Facing critical COVID-19 outbreak with serious impact on flight cancellation and different lockdown modes of the countries, Dimerco not only provides our service at anywhere as long as there’s internet connection but also coordinates with strategic partners on alternative solutions, such as multi-mode transport and customized charter flight service, to enhance international logistics. With all these challenges, the Company still managed to obtain operating revenue and profit greater than the previous year in the first quarter of Y2020. This is honestly a matter that should be recognized.
In the future, the challenges resulting from the Covid-19 epidemic will still be serious, and Dimerco Express Group will continue to spare no effort to stabilize the business. Dimerco hopes to contribute to society and bring shareholders and employees the reasonable payback. We thank all shareholders for your supports.
Dimerco Express Corporation
Dimerco Express Group
Executive Management Board
June 9, 2020