Genius Electronic Optical Co. (GSEO) convened its annual shareholders' meeting on June 17, where company leadership outlined strategic priorities and financial performance updates. Chairman Jones Chen emphasized the firm's commitment to expanding its portfolio of optical lenses and specialized products in response to anticipated market diversification by 2025. Efforts will also focus on improving product quality, output volume, and yield rates to strengthen market competitiveness and capitalize on emerging opportunities.
GSEO president Yingli Guo said a rebound in customer orders starting in June and noted steady progress in the development of new products. Despite capacity constraints expected in the third quarter, the volume of secured orders for the latter half of 2025 has already surpassed that of the same period in 2024. This advancement underpins the company's optimistic forecast for full-year 2025 performance to exceed the results recorded in 2024.
The meeting also addressed geopolitical factors affecting operations. Amid frequent remarks by US President Donald Trump involving GSEO's customers, the firm stated that no customer has explicitly requested the establishment of additional overseas manufacturing sites. Nevertheless, the company is proactively assessing risk diversification measures and contingency plans, with Southeast Asia identified as the preferred candidate region. The company and its customers remain vigilant as Trump's tariff policies are yet to be finalized.
Regarding regulatory developments by Taiwan's Ministry of Economic Affairs, which has placed Huawei International and SMIC on an entity list, GSEO clarified that ongoing communications with affected customers are maintained. Operations involved in production and shipments within China primarily serve downstream module manufacturers, and to date, no impact has been observed.
Changes in corporate governance were also finalized with the election of new board members.
Financial disclosures revealed that GSEO's research and development (R&D) expenditure in 2024 totaled NT$1.964 billion (approx. US$66.6 million), marking a 15% decline compared with the previous year. The R&D investments prioritized tracking future product trends, developing optical lenses and innovations, as well as advancing technology capabilities.
For 2024, GSEO reported consolidated revenue of NT$23.187 billion, a 6.98% increase year-over-year. After-tax profit rose 40.7% to NT$4.323 billion. In the first quarter of 2025, the company posted an after-tax profit of NT$872 million. However, cumulative consolidated revenue for the first five months of 2025 decreased by 2.79% year-over-year to NT$8.426 billion.
Article edited by Jack Wu
