2024 marked a particularly significant milestone for SAI. In May, we successfully completed our IPO, fulfilling our commitment to investors as we enter our 30th anniversary year, ushering in a phase of transformation. With “forging” technology as our core value, we have established three key strategies: diversified industry expansion, low-carbon solutions, and stable, sustainable operations. These initiatives will drive future growth momentum for our overall business, generating maximum value for the Company, shareholders, and employees.
Despite facing ongoing operational challenges—such as inflationary pressure and shifting international market policies in 2024, along with delayed shipments of customized wheel orders for specific new vehicle models due to the automotive industry’s adjusted procurement momentum in the second half of the year—we have actively enhanced production efficiency, optimized order structures, and strictly controlled costs. We achieved outstanding performance across all three key financial ratios for 2024: gross operating margin reached
26.81%, operating profit margin stood at 13.08%, and net profit margin attributable to parent company shareholders reached 10.11%. These accomplishments are entirely due to your
support and the collective efforts of our entire team.
In 2024, guided by the four core pillars and commitments established in the previous year as part of the blueprint for SAI’s sustainable development, we launched our action plans. This demonstrates even greater determination on our sustainability journey. We participated in the 5th Taiwan Circular Economy Award 2025 with our RESAICAL® 100% Recycled Aluminum and were honored to receive the Exemplary Product Award of the Year. This highlights RESAICAL®’s industry-leading performance in circular economy principles—from design and
management to technology. We are grateful for the acknowledgment from the Taiwan Circular Economy Award and continue to expand the application of our circular economy model.
Looking ahead amid volatile market changes, SAI maintains prudent yet agile business strategies while deepening our forging technology expertise and actively expanding non-wheel businesses. In addition to semiconductor equipment components that are currently gaining market traction, we are expanding our forging applications to high-potential sectors, such as heavy electrical equipment parts and aerospace. We aim to increase the contribution of non-passenger-vehicle wheel revenue from 15% to over 40% within three years, optimizing our revenue structure. Moreover, with the planned construction of our second aluminum smelting plant, SAI is committed to broadening its application scope while strengthening green manufacturing opportunities. We aspire to lead the green transformation of industrial supply chains, establishing mutual benefits and win-win outcomes that will usher in the next 30 years of prosperity. Thank you!
Sustainable Operations
We aim to become the optimal supplier of the industry, improve human living quality, and create a sustainable, all-win happy enterprise.
Performance-oriented: We introduce a market-competitive compensation system and set competence and contribution as the key performance indicators of compensation and promotion. We also encourage employees to sow more effectively and efficiently so as to reap more.
Continual improvement: Make continual improvement in all aspects without overlooking any point, and find the root cause of all problems to prevent recurrence.
Total participation: Encourage employees to make various recommendations, proposals and action plans, respect and trust one another between labor and management and among departments so as to make a better SAI through collaboration.
Right persons for right places: Respect the expertise and specialty of employees, and assign the most suitable job and duty to employees by role and responsibility.
Teamwork: Value collaboration, share information and inherit experience, actualize oneself to achieve others, accomplish targets through teamwork.
Self-discipline and accountability: Maintain self-discipline, make defined and detailed plans, improve execution capability, finish the job and finish it well, and set higher standards continuously.
Learning and innovation: Enjoy continuous learning, absorb new knowledge, and make continual improvement and innovation with what is acquired.
Stakeholders
Capturing and listening to the issues that concern stakeholders is the fundamental to enforce sustainable business operations. We set specific communication channels for different stakeholder groups and accept and address the needs of stakeholders for the reference of realizing ESG. Through systematic assessment, we draw up the questionnaires for stakeholders and material topics in accordance with the GRI Standards and gather the opinions of stakeholders through questionnaire survey to prioritize handling and response so as to meet the expectation of stakeholders.
Material Topics
The Company adopts the Double Materiality principle as proposed by the European Union, integrating economic, environmental, and social impacts along with operational impacts into significance analysis considerations. The integrated ranking calculation is as depicted in the following figure.
Additionally, we consider SASB industry topics, peer-reviewed material topics, and last year’s material topics. We have consolidated the “Raw Materials Management” issue with “Green Innovative Products” and included “Energy Management” as a distinct topics, establishing 13 material topics.
