Paiho Shilibao Q1 Revenue and Profit Hit Record Highs, Earning NT$2.08 Per Share

(Central News Agency reporter Tseng Jen-kai, Taipei, 23rd) TPU (Thermoplastic Polyurethane) manufacturer Paiho Shilibao (八貫) released its Q1 financial report today. The first-quarter revenue was NT$917 million, an annual increase of 17.8% and a quarterly increase of 20.5%; the net profit after tax was NT$162 million, an annual increase of 15.2% and a quarterly increase of 28.4%. Both revenue and profit hit record highs, with a single-quarter EPS of NT$2.08.

Paiho Shilibao explained that the record-high operation in Q1 was mainly driven by the revenue of outdoor and medical products, which grew by 30% and 27% respectively compared to the same period last year.

In terms of profitability, with the expansion of the overall revenue scale and well-controlled operating expenses, Paiho Shilibao's Q1 operating profit increased by 33.4% quarterly and 15.7% annually. Coupled with a non-operating net foreign exchange gain of NT$12.79 million, the Q1 profit was pushed to an all-time high.

It is worth noting that Paiho Shilibao's March military product performance saw a month-on-month growth rate of 125%, showing strong growth momentum. Paiho Shilibao stated that with the escalation of global geopolitical risks, countries are actively strengthening their defense armaments. Coupled with the restructuring of the global supply chain, the company expects the aerospace and military product lines to become the key growth engines going forward.

Paiho Shilibao stated that based on current order visibility, the capacity utilization rate can reach full load until the third quarter. It has already prepared the materials required for production up to May in advance, and has communicated with customers regarding subsequent price adjustment mechanisms to appropriately reflect cost changes. (Editor: Lin Chia-hsien) 1150423