Xin Hing's Q2 Profit Surges 157.6% to NT$8.45 Per Share

IC substrate giant Xin Hing (3037) announced a strong second-quarter financial performance, exceeding expectations. Driven by a surge in high-end ABF substrate shipments and price increases, the company's consolidated gross profit margin reached 24.8%, a substantial jump from 17.96% in the prior quarter and 13.08% in the same period last year. Operating profit stood at 6.651 billion yuan, with operating gross profit at 10.638 billion yuan. Net profit attributable to parent company owners was 13.278 billion yuan. Consequently, the second-quarter earnings per share (EPS) soared to 8.45 yuan, marking a 157.62% increase from the previous quarter's 3.28 yuan. For the first half of the year, Xin Hing's cumulative EPS reached 11.70 yuan, surpassing one full year's earnings. The company is scheduled to hold an investor conference tomorrow, where it will provide further details on the future supply, demand, and pricing trends in the ABF substrate market.