Multiple Heavy Electrical Equipment Makers Hit Record May Revenue, Driven by AI Industry Demand

(Central News Agency, reporter Zhong Rongfeng, Taipei, 10th) Major heavy electrical equipment manufacturers have successively announced their May revenues. Allis Electric and Fortune Electric's revenue for the first five months hit a record high for the same period, while Shihlin Electric and Chung-Hsin Electric's May revenue reached a record high for the same period. The main driver is the demand for heavy electrical equipment spurred by applications in the artificial intelligence (AI) industry.

Allis Electric reported its May self-consolidated revenue at approximately NT$800 million, a decrease of 30.83% compared to the same period in 2025. However, cumulative revenue for the first five months reached NT$4.198 billion, an increase of 10.77% year-on-year, setting a record for the same period.

Allis Electric stated that its order intake this year exceeds sales by 30%, adding new momentum for future performance growth. The current order backlog exceeds NT$12 billion, continuously increasing to a historic high, primarily due to the AI wave accelerating the expansion of heavy electrical equipment demand. The company expects overall operations to reach new highs in the future.

Looking ahead to future opportunities, Allis Electric identified at least three major demand drivers. First, Taiwan Power Company's (Taipower) robust power grid plan is accelerating demand for heavy electrical equipment to meet future AI growth needs. Second, the semiconductor industry's expansion of new factories both domestically and internationally is driving procurement of Allis Electric's electromechanical products, with existing customers increasing capital expenditure and new customers joining.

Allis Electric noted that the contribution of the semiconductor industry chain to revenue growth doubled in the first five months of this year, making it the main driver of Allis Electric's performance growth this year and for the next few years.

For the third demand driver, Allis Electric explained that it continues to benefit from the construction of AI factories and AI data center (AIDC) server rooms. It has successively completed large-scale cloud data centers for Chunghwa Telecom and received new orders from customers and new overseas clients for AI server room construction. It has also secured new overseas orders from a subsidiary in Central and South America invested by NVIDIA, which is expected to contribute to Allis Electric's growth in the future.

Regarding opportunities in railway construction, Allis Electric stated that earlier this year, it partnered with a Japanese signaling team to secure a project for some products and services related to the third-generation Central Train Control (CTC) system construction, and it continues to cooperate with Taiwan Railway.

Shihlin Electric announced its May self-reported revenue of NT$3.049 billion in the afternoon, a decrease of 10.42% month-on-month but an increase of 8.35% year-on-year, setting a record for the same period. Cumulative revenue for the first five months reached NT$18.012 billion, an increase of 14.89% year-on-year.

Shihlin Electric previously stated that its order visibility extends to 2029 or even 2030. It continues to expand heavy electrical equipment in the Taiwan and North American markets, focusing on AI data center applications. It plans for annual revenue growth of 15% to 20% in the North American market.

Fortune Electric's self-reported May revenue was approximately NT$1.477 billion, a decrease of 9.33% year-on-year, but it was the second-highest for the same period. Cumulative revenue for the first five months reached NT$8.482 billion, an increase of 3.9% year-on-year, setting a record for the same period.

Fortune Electric continues to benefit from the demand for power transformers for AI data centers. The company previously expected the proportion of exports in its overall performance to rise to 60% this year, and it estimates that AI data center orders will account for over 20% of its total order book this year.

Chung-Hsin Electric previously announced its May self-reported revenue of NT$2.392 billion, an increase of 3.65% month-on-month and 3.62% year-on-year, also setting a record for the same period. Cumulative self-reported revenue for the first five months reached NT$11.19 billion, an increase of 2.33% year-on-year.

Chung-Hsin Electric previously forecast double-digit percentage growth for its operational targets this year, driven by AI computing power and green energy transition. Its high-voltage gas-insulated switchgear (GIS) heavy electrical equipment has obtained certification from a major semiconductor wafer manufacturer, with shipments to new domestic factory areas expected to begin in the fourth quarter. Additionally, for AI data center applications, Chung-Hsin Electric has entered engineering, procurement, and construction (EPC) projects this year. (Editor: Yang Lanxuan) 1150610