Nan Pao Resin Eyes Record Revenue and Profit, Focuses on Electronics and Semiconductor Specialization

Nan Pao Resin (4766) anticipates a record-breaking year for revenue and profit, buoyed by rising raw material costs that have spurred customer demand and enabled price increases. The company also sees strong performance from its footwear materials business and continuous development of new products and applications.

During its second-quarter earnings call, Nan Pao reported second-quarter revenue of NT$6.58 billion, a 13.4% year-on-year increase, and a net profit of NT$877 million, with earnings per share (EPS) of NT$7.27. For the first half of the year, net profit reached NT$1.667 billion, with EPS at NT$13.82, marking a 29.9% year-on-year growth and a new record for the period.

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We will leverage our existing core advantages to accelerate the R&D of high-margin new applications such as electronics and semiconductors, embracing the AI wave.

Incoming Chairman and CEO Huang Ying-lin highlighted the company's "NextGen" growth strategy, emphasizing accelerated research and development in high-profit sectors like electronics and semiconductors. Nan Pao is targeting projects with import substitution potential, high technical barriers, and substantial market size. The company has made significant progress in semiconductor adhesives and foldable screen OCA, with small-scale shipments beginning. Nan Pao is now among a select group of global suppliers capable of producing OCA for foldable displays, a product designed for high durability and adhesion to withstand repeated bending and extend screen lifespan.

Further developments in semiconductor applications, particularly for packaging processes, are expected to contribute to revenue growth throughout the year as customer certification, development, and testing proceed. The company's strategic focus on specialized fields within electronics and semiconductors aims to leverage its core strengths in the era of AI.

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Currently, semiconductor adhesives and foldable screen optical clear adhesive (Foldable OCA) have achieved key technological breakthroughs and begun small-scale shipments.