Foxwell Power Outlines Two Core Principles for Private Equity Investment　Targeting Scaled Revenue and Profit Growth

(From right)Foxwell Power Chairman, Hui-Sen Hu

On May 21, Foxwell Power held its 2025 Annual Shareholders' Meeting, during which all proposals were approved, including a cash dividend of NT$1 per share. The meeting also approved a plan to expand private placement capital increase, issuing up to 15 million shares to accelerate collaboration with strategic investors and strengthen working capital. This initiative follows the recent strategic partnership with Smart Power System Co. and marks the next phase of investment and acquisition plans.

Foxwell Power Chairman Hui-Sen Hu stated that in response to rapid global market changes and to strengthen the company's growth momentum, the shareholders approved a private placement capital increase to issue common shares and bring in strategic investors. Although this will dilute the shareholding of major shareholders, it will accelerate Foxwell Power's growth and development, enhancing its revenue and profitability. This move is expected to drive “stepped growth” in the company's performance over the next decade.

Hu also noted that the board recently approved participation in Smart Power System's capital increase through a combination of shares and cash, with the transaction expected to be completed in Q3 this year. Foxwell Power will acquire approximately 51% equity, making Smart Power System a consolidated subsidiary. With Foxwell Power's own Energy Management System (EMS) and Smart Power System's rich experience in serving other energy storage projects and its grid-related control and forecasting technologies, the collaboration is expected to create a win-win revenue synergy, further expanding the development of integrated power solutions and propelling the market toward internationalization.

In 2024, Foxwell Power reported consolidated net revenue of NT$1.886 billion, a 114.41% increase compared to 2023. Net profit after tax grew 50.45% year-over-year, and earnings per share (EPS) rose from NT$0.94 in 2023 to NT$1.42. Revenue and profit both showed significant growth. The company has already secured green electricity transactions totaling NT$21.1 billion. Future acquisitions of Type III solar power plants and the parent company Shinfox Energy's 700MW capacity from the Youde Offshore Wind Farm are expected to support approximately 3 billion kWh of green electricity sales annually, indicating a promising outlook.

This year, the Energy Business Division will focus on accelerating the integration of Type III power generation equipment, developing strategies for offshore wind power procurement and sales, and strengthening Foxwell's market share in Taiwan while expanding into overseas green electricity and renewable energy certificate markets. The Energy Storage Division will center on energy storage engineering projects, aiming to meet Taipower's grid support needs through self-built or turnkey E-dreg projects, and will explore overseas energy storage opportunities, including both front-of-the-meter and behind-the-meter markets. The Energy Efficiency Division will assist clients in improving equipment energy consumption, offering energy management system solutions and guiding customers toward carbon reduction and net-zero goals.