Taiwan-based Walsin Lihwa Corporation reported consolidated net operating revenue of NTD 88.86 billion (approximately 2.85 billion USD) and gross profit of NTD 6.82 billion (approximately 218 million USD). The company’s net income after tax reached NTD 3.12 billion (approximately 99.5 million USD).
In the second quarter, Walsin Lihwa’s gross profit margin rose to 8.6%. This improvement was due to higher demand and growth in the stainless steel sector, as well as higher nickel prices. Cable sales also increased thanks to the resolution of delayed shipments during the Lunar New Year period and higher copper prices.
Despite these gains, Walsin Lihwa faces challenges in the third quarter. The summer holiday season in Europe and the US usually leads to a slowdown in the market, and the recent flooding at the Tainan factory is causing shipment delays. In addition, demand in China’s stainless steel market remains weak, creating an uncertain outlook for the third quarter. Still, wire and cable products are expected to perform better in the second half of the year. Taipower’s grid plan improvements and increased demand for building and industrial construction point to a positive market outlook compared to the first half.
Comments
No comment yet.