Taipower's net worth is "only 2.7" with no dividends issued for 20 years, shareholders criticize: scamming the hard-earned money of the people! Accumulated losses exceed 450 billion.

Taiwan Power Company held its shareholders’ meeting this week, admitting that accumulated losses have reached NT$451.4 billion, with a net value of only NT$2.7 per share. Chairman Tseng Wen-sheng stated that they will continue to seek subsidies from the government. (Background: Will electricity prices rise? Taiwan Power’s three scenarios disclosed, Minister of Economic Affairs Guo Zhi-hui: Striving for NT$100 billion from the Legislative Yuan for compensation, restarting nuclear power requires consensus among all citizens.) (Background information: Trump supports “nuclear energy development AI,” what impact could it have on Bitcoin mining?) Taiwan Power Company ( held its annual shareholders’ meeting on the 27th, acknowledging that financial pressure is continuously increasing. Last year, Taiwan Power’s total revenue was NT$871.4 billion, and expenditures were NT$912.5 billion, resulting in a pre-tax net loss of NT$41.1 billion. As of the end of May this year, Taiwan Power’s cumulative losses have reached NT$451.4 billion, with a net value of only NT$2.7. Due to consecutive years of losses, Taiwan Power has been unable to distribute dividends for 20 years in a row, and some minority shareholders expressed strong dissatisfaction at the meeting, even describing Taiwan Power as a “fraudulent enterprise,” expressing their strong discontent and calling for major shareholders to buy back private shares. A share that was NT$10 is now less than NT$2.7… I feel ashamed of Taiwan Power; Taiwan has the most fraud, this is a scam. Government subsidies and financial improvement measures In the face of severe losses, Taiwan Power stated that over the past year, it has actively sought a total of NT$300 billion in government budget subsidies, but has not yet received support from Congress. In the future, the company will promote measures to strengthen fuel procurement, expand green energy sales, adjust line charges, and cut expenses, hoping to revitalize real estate assets to reduce losses. In addition, the electricity subsidies for offshore islands have been absorbed by Taiwan Power for many years, accumulating costs of over NT$100 billion. Chairman Tseng Wen-sheng stated that the Ministry of Economic Affairs has sought a budget from the Directorate-General of Budget, Accounting and Statistics, with hopes of having approximately NT$6 billion in subsidies recorded as early as 2026. Handling and transformation of nuclear power assets Regarding the doubts about the nuclear power plant No. 4 still being listed as an asset after its decommissioning, Taiwan Power’s accounting director Wang Yun-chun explained that the transformation plan for nuclear power plant No. 4 has not yet been formally approved, thus requiring budgeting each year to maintain the asset and pay land taxes. Tseng Wen-sheng pointed out that the transformation of nuclear power plant No. 4 involves local communication and land regulations, making it difficult to have clear progress in the short term. He emphasized: “The transformation of nuclear power plant No. 4 cannot be explained clearly in a few words; currently, the work on power source development and grid resilience is more urgent.” Minority shareholders’ demands and future outlook Regarding calls for major shareholders to buy back private shares, Taiwan Power stated that due to the current financial situation not improving, it is not appropriate to discuss repurchasing private shares at this stage, and an assessment will be made after accumulated losses are balanced and net value rebounds. Tseng Wen-sheng emphasized that they will continue to seek government subsidies and promote financial health, hoping to restore normal dividend distribution in the future. Taiwan Power is facing its largest financial crisis in history, and looking ahead, whether Taiwan Power can improve its financial structure, stabilize power supply, and consider carbon reduction goals will depend on changes in fuel costs, the progress of policy subsidies, and the implementation of electricity price adjustment plans. Related reports Has the myth of Bitcoin security been shattered? Researchers: “With over $10 billion + 10GW of power” could easily launch a 51% attack, large institutions can easily short and profit. Europe’s largest power company ENEL will “tokenize solar panels” to offset electricity bills, a new application of RWA. This article titled “Taiwan Power’s net value ‘remaining NT$2.7’ has not issued dividends for 20 years; shareholders criticize: defrauding the hard-earned money of the people! Accumulated losses exceed NT$450 billion” was first published in BlockTempo, the most influential blockchain news media.