TECO Chairman Li Mingxian: Revenue will exceed 100 billion in the next 2-3 years, and overseas revenue will exceed half in 2027

TECO held a 70th anniversary forum and celebration meeting today. Second from the left is Lee Ming-hsien, Chairman of TECO.

TECO, a major electromechanical manufacturer, celebrates its 70th anniversary this year and held a forum and celebration meeting today. Chairman Li Mingxian pointed out in an interview that TECO still expects to reach the annual revenue target of 100 billion yuan in the next two to three years, with overseas revenue exceeding half next year, and projects with important partners such as Hon Hai will also grow rapidly starting next year.

Lee Ming-hsien gave a speech at the forum today titled "Smart Turn: TECO Electric's Industrial Upgrading and Outlook for the Next Ten Years", pointing out that TECO is actively deploying electrification, intelligence and green energy solutions, and is fully committed to the development of power, kinetic energy systems and energy.

Looking forward to the future, Lee pointed out in an interview at the forum that the overall AI industry will continue to develop at a rapid pace, and TECO's modular data center products are also actively expanding. In addition to the ongoing cooperation plan with Hon Hai, it has also cooperated with several global CSPs, especially in Southeast Asia, which has the fastest growth. Several companies in Japan and North America are also negotiating cooperation.

Regarding the operating prospects, Li Mingxian also said that some cooperation can be implemented as soon as the end of the year. He is optimistic about rapid growth next year. The goal of reaching 100 billion yuan in revenue in 2 to 3 years remains unchanged. Among them, the AI ​​infrastructure business will grow the fastest and the power system will also show rapid development. Domestic revenue will still account for 55% of the total this year, and overseas revenue will account for more than half by next year.