TECO and Chung-Hsin Electric post strong Q1 profits, boosted by AI data center shipments

(Central News Agency reporter Chung Jung-feng, Taipei, 12th) Electrical machinery giant TECO announced its first-quarter profit attributable to owners of the parent company at NT$1.188 billion this afternoon, with basic earnings per share of NT$0.51. Heavy electrical giant Chung-Hsin Electric & Machinery Mfg. Corp. announced its first-quarter profit attributable to owners of the parent company at NT$956 million, setting a new historical high for the same period and ranking as the third highest single quarter, with basic earnings per share of NT$1.94.

TECO's first-quarter consolidated revenue was NT$14.235 billion, with a gross profit margin of 23.48% and an operating profit margin of 8.28%. Chung-Hsin Electric's first-quarter consolidated revenue was NT$6.49 billion, a new high for the same period, with a gross profit margin of 25.9% and an operating profit margin of 18.5%.

TECO previously assessed that the artificial intelligence (AI) data center engineering equipment business is promising in the next 3 to 5 years. It continues to deploy non-server-related AI data center projects in Asian markets outside mainland China. It is estimated that the market share of related electromechanical equipment supply and turnkey projects can reach 20%. Driven by the AI data center business in the future, the revenue of the Power Energy Business Group is expected to exceed that of the Electromechanical Business Group.

Chung-Hsin Electric previously assessed that its operations have a chance to reach another peak this year, with performance expected to grow quarter by quarter. The first quarter will be the base for this year. Its heavy electrical business and Gas Insulated Switchgear (GIS) products continue to benefit from artificial intelligence (AI) data center and Internet Data Center (IDC) applications, with promising growth. (Edited by Lin Chia-hsien) 1150512

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