YI Jia Technology posts record revenue in Q2, expects continued growth

YI Jia Technology announced its second-quarter financial results, posting earnings per share (EPS) of NT$0.4 and a cumulative first-half EPS of NT$0.47. The company achieved a record high in second-quarter consolidated revenue, which grew 16% quarter-on-quarter and 17% year-on-year, reaching NT$3.27 billion. This performance was bolstered by robust customer demand in the automotive and consumer electronics sectors. However, consolidated gross profit margin stood at approximately 14%. Consolidated operating profit was around NT$185 million, a 27% decrease year-on-year. The company's net profit after tax was approximately NT$123 million, down from NT$21 million in the first quarter. This decline was partly attributed to exchange rate fluctuations, specifically a depreciation in the New Taiwan Dollar against the Renminbi, resulting in exchange rate losses. Despite short-term pressures from rising raw material costs, currency volatility, and initial operating expenses for overseas new plants, YI Jia Technology remains optimistic about future growth. The company is strategically deepening its focus on automotive electronics and optical communication products, alongside accelerating overseas production capacity. These investments are expected to enhance the group's long-term competitiveness and profitability. The company anticipates that its new plant in Malaysia, dedicated to automotive electronics and optical communication products, will begin to show results as customer demand increases and new capacity efficiencies emerge. YI Jia Technology projects that its operational performance will continue to improve in the second half of the year, with the full-year results aiming to challenge new highs.

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The second quarter's operating performance continued to benefit from the steady growth of customer demand for automotive and consumer electronics products, driving quarterly revenue to a new high of NT$3.27 billion.