Digby Annual Report

pic C55847 Digby Annual Report By Yan Lang, Ching-Hsiang Lin, Shu Ou-Yang, Nuo Xu Shareholder earn To Our Shareholder, Customers, and Employees The ago eighter from Decatur years have marked an extraordinary level of progress for Digby Electric Sensors and its destinyholders. In the past eight years, the connection was fitting to turn its stocks from $34. 25 per region into $45. 77, plus issuing a entire of $10 dividends per share along the way. While this level of performance is real rarely rivaled by any type of enthronization, our company is most purple of the sustainable within the environment and continues growth rate in the galvanic sensing element industry.Eight years ago, our management team touted the importance of the chase four-spot guiding principles that helped to make Digbys success today 1. Cost lead By bringing labor and piercing material tolls downhearted years ahead of the competition, our company has able to enjoy the prevailing securities indus try damage and generating excess profits. 2. Low live products By taking aggressive actions early to bring down the costs of production, our company has been able to rig the highest quality withdraw of electric sensors and offer low selling price in the industry. 3. hostile tradeing Aggressive spending in marketing every year has helped the company to gain customer sense in forwardness for eventual lower per unit production costs. This immediately helped Digby to sales in high volumes. 4. Board diversified products In apiece segment, our company keeps difficult to become the product draw. We spent heavily in TQM in army to reduce R&D cycle also outgrowth market demand. The level of return on investments our company has been able to experience by following the four listed principles is not only a tribute to our past success, but also serves as a source of optimism for Digbys future.In the following pages you pass on shape more detailed information on the hulk posit ioning our company holds in the industry as well as adjustments to be made to further increase shareholder value. Best Regards, Digby Corp. stack Profile Overall about the company Lang, Yan- Chief Executive self-assurance and Chief Operations Officer established Digby, Inc. on January 22nd, 2013. The companys headquarters are located in center Arlington, TX. Digby, Corp. is currently hotshot of the leading manufacturers of high quality sensor chips in the United States.Yan founded the company on the premise that it would successfully produce and sell sensors of highest quality and reliability to various segments of consumers with all type of needs, such as those for newness and affordability, and would continue to go forth a strong focus on research and innovation to persistently cater to these changing needs and maintain a substantial measure of market share in the ontogenesis market. Digbys product delimitate includes Daze, Dell, Dixie, Dot and Dune, which are sold online, as well as by dint of local technology retailers nationwide.Digby has provided quality products for many successful applications and has helped many companies bring home the bacon their project objectives with the highest standards of quality and reliability. Our Mission & Vision At Digby, Corp. , we are give to providing optimal sensors for our customers needs and wants. Our guiding objectives are customer satisfaction and continuous improvement. Our overall goal is to consistently strive to deliver the highest quality products and technology and offer competitive pricing in each and every mug segment of users. Culture We want employees to be high-flown of the work they do, and to remember that they are part of Digby, Corp. committed to providing excellent service of process and exceptional products to the public, Core Values Integrity Buildmutual swear through ethical 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 mind- station Be positive, adaptable, and competitive.Deliver results to ensure the success of Altera and our customers. Accountability Define, own, and answer to your area of responsibility. change Think 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 draw pic pic pic pic Strategies Digby, Corp. takes pride as a bountiful cost leading and broad differentiation strategies to develop competitive advantages in the sensor industry.In the past eight years, Digby sensors were designed to fit a wider array of preferences, such as those for a brand new product, know as the Traditional segment a premium priced product that offers both high performance and desirable size, cognise as the High End segment an extraordinary performing product, known as the High Performance segment a smaller coat product, known as Size segment and finally, a lower priced product, which is referred to as the Low End segment.However, once the company executives began to recognize which stood out amongst the ministration as the most promising for increasing revenues and producing maximum returns, Digbys overall strategy was shifted to emphasize only on the Traditional, Performance, and Low End segments and in improving existing products in these categories while also creating new. In the graduation exercise five years, we invest generous amount in TQM in society to reduce material, labor and administrative costs, pooren the length of time unavoidable for R&D projects to complete and increase demand for the product line enable for us to make more profits in short term.Further, we believes that wise use of resources and increasing efficiency are key in building long term success and that pinpointing the most effective outlets for accessin g target consumers and utilizing a large marketing and promotional budget are natural for creating and maintaining awareness of Digby, Corp. and its products. Financial Highlights (In Thousands of Dollars, except Per Share Data) Revenue Net cash Flow Operating Activities Closing Financial Position Total justness Per Common Share Market Value Financial Ratios % ROS 13. Cost leadership strategy Low market share Board diversified products little diversity Strong brand equity Low customer awareness and accessibility Strong financial position High stock price Competitive wages and profit sharing Loyalty customers Opportunities Threats Emerging markets and involution abroad Severe competition Innovation Cheaper technology Product and function expansion Reduction in demand from economic regression ontogenesis customer satisfaction scores Lower cost competitors or imports. Aggressive spending in advertisement. Maturing categories, products, or servi ces Risk& Uncertainty Digby faces the irresolution and risks of the competitive market in the sensor industry and the reduction in demand from economic regression, the top management team still 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 suggest that policies that reduce volatility may lower the required cost of capital. By using SWOT analysis, our management team figures out that sum up 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. Although cost leadership implies keeping 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 heavily investment in the TQM in order to reduce R&D cycle also increase market demand. Future of the company Digby is a company has lots of growing potential and energy. In the past eight years, we have just set a strong foundation for our companys future grows. We will keep expanding its manufacture plants and focusing on board diversified products that bump customers need.With the AAA investment rating, we will invest heavily with low please payments in R&D and TQM departments, so we would keep its low cost advantage within the industry. In the next 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 near future, we will start to use our best causa to develop, to expand, and to grow. And then, we will become the industry leader and enjoy the profits that we made. Lang, Yan generate Chief Executive Officer Chief Operations Officer Lin, Ching-Hsiang misdeed President of Marketing an d Sales Shu, Ou-yang Chief Financial Officer Xu, Nuo criminality President of Human Resources