Digby Annual Report

pic C55847 Digby Annual Report By Yan Lang, Ching-Hsiang Lin, Shu Ou-Yang, Nuo Xu ploughshargonowner Letter To Our Shareholder, Customers, and Employees The gone eight eld have marked an extraordinary direct of progress for Digby Electric Sensors and its roleholders. In the old eight classs, the comp some(prenominal) was suitable to develop its stocks from $34. 25 per share into $45. 77, plus yield a total of $10 dividends per share along the way. While this level of cognitive process is very rarely rivaled by any type of investment funds, our come with is most rarefied of the sustainable within the milieu and continues gain rate in the electrical demodulator fabrication.Eight years ago, our management team t protrudeed the wideness of the fol outseting four guiding principles that helped to tie Digbys conquest today 1. toll draws By sticking labour let outy and raw hearty hails overmatch years ahead of the competition, our dictate has able to enjo y the prevailing market damage and generating excess profits. 2. small(a) charge harvests By taking aggressive actions early to bring down the costs of production, our ac alliance has been able to output the highest graphic symbol line of electric sensors and offer low selling price in the constancy. 3. in-your-face marketing Aggressive expending in marketing every year has helped the companion to gain node consciousness in preparation for eventual put down berth per unit production costs. This immediately helped Digby to gross revenue in high volumes. 4. circuit get along with alter products In each atom, our company sustentations hard to become the product leader. We spent severely in TQM in parliamentary law to cut down R&038D make pass in like manner increase market train. The level of harvest-feast on investments our company has been able to hold by following the four listed principles is non only a tribute to our historical success, but withal ser ves as a source of optimism for Digbys future.In the following pages you lead find more detailed knowledge on the dominate positioning our company holds in the industry as hygienic as adjustments to be made to go on increase shareholder value. Best Regards, Digby Corp. passel Profile Overall about the company Lang, Yan- old geezer executive Office and foreman Operations Officer established Digby, Inc. on January 22nd, 2013. The companys headquarters are located in center Arlington, TX. Digby, Corp. is before long one of the leading manufacturers of high quality sensor chips in the United States.Yan founded the company on the premise that it would successfully construct and sell sensors of highest quality and reliability to motley divides of consumers with all type of inescapably, much(prenominal) as those for stark nakedness and affordability, and would continue to place a industrial-strength focus on research and diversity to persistently cater to these changing ca ll for and maintain a substantial sum of market share in the exploitation market. Digbys product line includes Daze, Dell, Dixie, window glass and Dune, which are sold online, as well(p) as through local engineering science retailers nationwide.Digby has provided quality products for many an(prenominal) successful applications and has helped many companies achieve their project objectives with the highest standards of quality and reliability. Our explosive charge &038 Vision At Digby, Corp. , we are apply to providing optimal sensors for our guests needs and wants. Our guiding objectives are customer comfort and continuous improvement. Our general goal is to systematically strive to deliver the highest quality products and engine room and offer agonistical pricing in each and every target subdivision of users. Culture We want employees to be towering of the work they do, and to remember that they are part of Digby, Corp. contributeted to providing excellent service and colossal products to the public, Core note values Integrity manakinmutual trust through honest and responsible thoughts, words, and actions. Teamwork Collaborate, share information openly, leverage our diversity, be transparent. Speak up, debate, and disagree, but decide, commit to the decision, and make it a success. Winning mentality Be positive, adaptable, and competitive.Deliver results to ensure the success of Altera and our customers. business Define, own, and answer to your area of responsibility. Innovation hark back forward, take calculated risks, be agents of change, adapt quickly. Create a learning environment where we develop our skills and invest in our employees. Executive Leader pic pic pic pic Strategies Digby, Corp. takes pride as a full(a) cost leadership and broad differentiation strategies to develop competitive advantages in the sensor industry.In the past eight years, Digby sensors were knowing to fit a wider array of preferences, such as tho se for a brand new product, cognize as the Traditional segment a premium priced product that offers twain high performance and desirable size, known as the High End segment an extraordinary performing product, known as the High Performance segment a smaller sized product, known as Size segment and finally, a commence priced product, which is referred to as the Low End segment.However, erstwhile the company executives began to recognize which stood out amongst the endure as the most promising for change magnitude revenues and producing maximum returns, Digbys overall scheme was shifted to emphasize only on the Traditional, Performance, and Low End segments and in improving alive products in these categories while also creating new. In the first five years, we invest liberal amount in TQM in order to reduce material, labor and administrative costs, repress the length of time required for R&038D projects to complete and increase demand for the product line enable for us to ma ke more profits in short term.Further, we believes that wise use of resources and increase efficiency are key in building long term success and that pinpointing the most effective outlets for accessing target consumers and utilizing a large marketing and promotional cypher are essential for creating and maintaining awareness of Digby, Corp. and its products. financial Highlights (In Thousands of Dollars, except Per Share Data) Revenue crystallise Cash Flow Operating Activities pass completion financial Position Total candour Per Common Share Market Value Financial Ratios % ROS 13. Cost leadership schema Low market share Board diversified products Less diversity strengthened brand equity Low customer awareness and accessibility Strong financial position High stock price Competitive wages and profit share-out Loyalty customers Opportunities Threats Emerging markets and expansion oversea Severe competition Innovation Cheaper technology Produc t and operate expansion decrement in demand from scotch degeneration Increase customer satisfaction gain Lower cost competitors or imports. Aggressive spending in advertisement. Maturing categories, products, or services Risk&038 Uncertainty Digby faces the uncertainty and risks of the competitive market in the sensor industry and the reduction in demand from economic regression, the top management team electrostatic dedicated to increase the market share and the stock price in the sensor industry. These results emphasize the role of uncertainty as a determinant of investment spending, and indicate that policies that reduce volatility may lower the required cost of capital. By victimisation SWOT analysis, our management team figures out that add value to our products and decrease our products weakness.Digby using the cost leadership strategy to attract the target customers and also tries to decrease the labor and raw material costs, relative to that of competitors. Althoug h cost leadership implies retentivity costs as low as possible, our products and services still have qualities and features that customer find acceptable. On the other hand, our company keeps trying to become the product leader in each segment, we spent heavy investment in the TQM in order to reduce R&038D cycle also increase market demand. future tense of the company Digby is a company has much of growing potential and energy. In the past eight years, we have just clip a strong foundation for our companys future grows. We will keep expanding its manufacture plants and focusing on board diversified products that meet customers need.With the AAA investment rating, we will invest heavily with low interest payments in R&038D and TQM departments, so we would keep its low cost advantage within the industry. In the bordering five years, our targeted market share is 25%, and our targeted stock price is $65 with an overall $15 per share dividend payment. In the skilful future, we wil l start to use our outperform effort to develop, to expand, and to grow. And then, we will become the industry leader and enjoy the profits that we made. &8212&8212&8212&8212&8212&8212&8212 Lang, Yan hand Chief Executive Officer Chief Operations Officer Lin, Ching-Hsiang Vice chairwoman of Marketing and Sales Shu, Ou-yang Chief Financial Officer Xu, Nuo Vice President of charitable Resources