Copper Foil Giant Jingu Surges 70.8% This Month, Self-Reported March Profit Up 60.5% Year-on-Year

Taipei – Jingu Corporation (8358), a leading manufacturer of copper foil, has demonstrated strong market confidence through its recent announcement of a share buyback program. The company plans to repurchase 1,000 shares, a move widely interpreted as a signal of its optimistic outlook on future performance and its commitment to shareholder value.

Following the announcement on April 13th, Jingu's stock has experienced a remarkable rally. In just five trading days, the share price climbed by an impressive 40.76%. Year-to-date, the stock has seen a substantial increase of 70.8% in April alone, reflecting strong investor enthusiasm and positive market reception.

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The company's confidence in its future prospects.

In line with regulatory requirements, Jingu has disclosed its financial performance, revealing robust earnings for March. The company's net profit attributable to owners of the parent surged by 60.5% year-on-year, reaching NT$1.73 billion, with earnings per share at NT$0.69, also up 60.5% from the previous year. This significant growth is attributed to an increased shipment ratio of high-end copper foil products, indicating the company's successful strategic focus on higher-value market segments. Jingu's strong financial results and positive stock performance underscore its solid position in the copper foil industry.

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March earnings per share were NT$0.69, a year-on-year increase of 60.5%.