Great China Metal Ind. Co., Ltd. (GCM), a leading supplier of aluminum cans and lids in Taiwan, held its shareholders’ meeting on May 26, approving a cash dividend of NT$1.2 per share. The company noted that the appreciating New Taiwan dollar is favorable for lowering import costs of raw materials for aluminum.
While China’s competitive market impacted 2024 profits despite increased shipments, Taiwan operations maintained stable profitability.
Looking to 2025, GCM expects a cautious approach due to global uncertainties and a slow Chinese economic recovery. The first-quarter revenue grew slightly by 1.85% to NT$1.965 billion, but rising aluminum prices, exchange losses, and China’s cancellation of export tax rebate for aluminum led to a significant drop in gross profit, which dropped by 13.9%, hitting a new low.