Chang Wah Technology's June Revenue Surpasses NT$1.5 Billion, Continues Record Streak
Translated from Chinese, summarized and contextualized by DistantNews.
At a glance
- Lead frame manufacturer Chang Wah Technology reported June revenue exceeding NT$1.5 billion, marking a fourth consecutive month of record highs.
- The company's second-quarter and first-half revenues also reached new peaks, driven by demand in data centers, high-performance computing, and automotive electronics.
- Chang Wah Technology anticipates a positive outlook for the second half of the year and will hold an earnings call on July 29.
Chang Wah Technology, a leading lead frame manufacturer, announced on July 6 that its consolidated revenue for June surpassed NT$1.5 billion. This figure represents a 5.03% increase month-on-month and a 37.63% rise year-on-year, marking the first time the company's single-month revenue has broken the NT$1.5 billion threshold. This achievement extends its streak of record-high monthly revenues to four consecutive months.
The company's strong performance is attributed to the sustained and expanding demand from key sectors, including data centers, high-performance computing, and automotive electronics. These burgeoning markets have fueled a concurrent increase in demand for power management and MCU products, directly benefiting Chang Wah Technology. Consequently, the company's second-quarter consolidated revenue reached NT$4.315 billion, a 17.52% increase from the previous quarter and a 32.83% rise year-on-year. This marks the second consecutive quarter of record revenue for the company.
Looking ahead to the second half of the year, Chang Wah Technology maintains a positive outlook on its overall operations. The company is scheduled to hold its second-quarter earnings conference call on July 29, where it will present its latest financial report and provide guidance for the third quarter's performance. For the first half of the year, cumulative revenue stood at NT$7.987 billion, a 24.23% increase compared to the same period last year, setting a new record for the first half of any year in the company's history.
Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.