Digby Annual Report
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C55847 – Digby
Annual Report
By
Yan Lang, Ching-Hsiang Lin,
Shu Ou-Yang, Nuo Xu
Shareholder Letter
To Our Shareholder, Customers, and Employees:
The past eight years have marked an extraordinary level of progress for Digby Electric Sensors and its shareholders. In the past eight years, the company was able to turn its stocks from $34.25 per share into $45.77, plus issuing a total of $10 dividends per share along the way. While this level of performance is very rarely rivaled by any type of investment, our company is most proud of the sustainable within the environment and continues growth rate in the electric sensor industry.
Eight years ago, our management team touted the importance of the following four guiding principles that helped to make Digby’s success today:
1. Cost leadership: By bringing labor and raw material costs down years ahead of the competition, our company has able to enjoy the prevailing market price and generating excess profits. 2. Low price products: By taking aggressive actions early to bring down the costs of production, our company has been able to output the highest quality line of electric sensors and offer low selling price in the industry. 3. Aggressive marketing: Aggressive spending in marketing every year has helped the company to gain customer awareness in preparation for eventual lower per unit production costs. This immediately helped Digby to sales in high volumes. 4. Board diversified products: In each segment, our company keeps trying to become the product leader. We spent heavily in TQM in order to reduce R&D cycle also increase market demand. The level of return on investments our company has been able to deliver by following the four listed principles is not only a tribute to our past success, but also serves as a source of optimism for Digby’s future. In the following
C55847 – Digby
Annual Report
By
Yan Lang, Ching-Hsiang Lin,
Shu Ou-Yang, Nuo Xu
Shareholder Letter
To Our Shareholder, Customers, and Employees:
The past eight years have marked an extraordinary level of progress for Digby Electric Sensors and its shareholders. In the past eight years, the company was able to turn its stocks from $34.25 per share into $45.77, plus issuing a total of $10 dividends per share along the way. While this level of performance is very rarely rivaled by any type of investment, our company is most proud of the sustainable within the environment and continues growth rate in the electric sensor industry.
Eight years ago, our management team touted the importance of the following four guiding principles that helped to make Digby’s success today:
1. Cost leadership: By bringing labor and raw material costs down years ahead of the competition, our company has able to enjoy the prevailing market price and generating excess profits. 2. Low price products: By taking aggressive actions early to bring down the costs of production, our company has been able to output the highest quality line of electric sensors and offer low selling price in the industry. 3. Aggressive marketing: Aggressive spending in marketing every year has helped the company to gain customer awareness in preparation for eventual lower per unit production costs. This immediately helped Digby to sales in high volumes. 4. Board diversified products: In each segment, our company keeps trying to become the product leader. We spent heavily in TQM in order to reduce R&D cycle also increase market demand. The level of return on investments our company has been able to deliver by following the four listed principles is not only a tribute to our past success, but also serves as a source of optimism for Digby’s future. In the following