Shihlin Electric's Q1 Profit Hits Record NT$1.453 Billion, AI Application Growth Expected
Heavy electrical equipment manufacturer Shihlin Electric announced a record Q1 net profit attributable to parent company owners of NT$1.453 billion, an 18.8% increase year-on-year, with promising growth in AI applications. Consolidated revenue also hit a new high of NT$11.558 billion.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 17:07
- 🔍 Collected: May 8, 2026 at 17:32 (24 min after Published)
- 🤖 AI Analyzed: May 8, 2026 at 22:34 (5h 2m after Collected)
Central News Agency
(Taipei, Central News Agency reporter Chung Jung-Feng, 8th) Heavy electrical equipment giant Shihlin Electric announced this afternoon that its Q1 net profit attributable to parent company owners was NT$1.453 billion, an 18.8% increase compared to the same period in 2025, setting a new record for the same period. Basic earnings per share were NT$2.79.
Shihlin Electric's consolidated revenue for Q1 was NT$11.558 billion, a 12.28% year-on-year increase, setting a new quarterly record; Q1 consolidated gross profit margin was 23.77%, a 6.5 percentage point increase quarter-on-quarter, and a slight increase from 23.56% in the same period of 2025; Q1 operating profit was NT$1.855 billion, with an operating profit margin of 16.05%, a 9 percentage point increase quarter-on-quarter, and flat compared to the same period last year.
Legal persons pointed out that Q1 is traditionally a peak season for Shihlin Electric, and the company's product portfolio continued to optimize in Q1, with an increased proportion of high-margin transformer products driving revenue and profit performance.
Looking ahead, Shihlin Electric previously stated that order visibility extends to 2029 and even 2030, and it continues to expand heavy electrical equipment in Taiwan and North American markets, laying out applications for artificial intelligence (AI) data centers; among them, the North American market is planned to grow by 15% to 20% annually.
Shihlin Electric pointed out that the heavy electrical business will continue to benefit from Taipower's resilient grid plan orders this year; in addition, AI applications are driving semiconductor technology companies to actively expand their factories, accelerating the pull-in momentum for heavy electrical equipment such as transformers. (Editor: Chang Liang-Chih) 1150508
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(Taipei, Central News Agency reporter Chung Jung-Feng, 8th) Heavy electrical equipment giant Shihlin Electric announced this afternoon that its Q1 net profit attributable to parent company owners was NT$1.453 billion, an 18.8% increase compared to the same period in 2025, setting a new record for the same period. Basic earnings per share were NT$2.79.
Shihlin Electric's consolidated revenue for Q1 was NT$11.558 billion, a 12.28% year-on-year increase, setting a new quarterly record; Q1 consolidated gross profit margin was 23.77%, a 6.5 percentage point increase quarter-on-quarter, and a slight increase from 23.56% in the same period of 2025; Q1 operating profit was NT$1.855 billion, with an operating profit margin of 16.05%, a 9 percentage point increase quarter-on-quarter, and flat compared to the same period last year.
Legal persons pointed out that Q1 is traditionally a peak season for Shihlin Electric, and the company's product portfolio continued to optimize in Q1, with an increased proportion of high-margin transformer products driving revenue and profit performance.
Looking ahead, Shihlin Electric previously stated that order visibility extends to 2029 and even 2030, and it continues to expand heavy electrical equipment in Taiwan and North American markets, laying out applications for artificial intelligence (AI) data centers; among them, the North American market is planned to grow by 15% to 20% annually.
Shihlin Electric pointed out that the heavy electrical business will continue to benefit from Taipower's resilient grid plan orders this year; in addition, AI applications are driving semiconductor technology companies to actively expand their factories, accelerating the pull-in momentum for heavy electrical equipment such as transformers. (Editor: Chang Liang-Chih) 1150508
Choose to stand with facts, every sponsorship you make is the power to protect press freedom.
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The text, images, and audio/video on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.