Nan Pao Earns NT$6.55 Per Share in Q1, Plans to Expand Semiconductor Specialty Chemical Business

Central News Agency (Reporter Pan Chih-hung, Taipei 13th) Nan Pao Resins today announced its first-quarter operating profit was NT$1.029 billion, a 13.1% increase compared to the same period last year. Net profit attributable to the parent company for the first quarter was NT$790 million, an 8.4% increase, with earnings per share of NT$6.55.

Nan Pao stated that its footwear materials business is expected to return to a growth trajectory. By continuously developing new products and applications, the company aims to achieve a new revenue high this year. Progress in semiconductor applications has exceeded expectations, and the company will expand its development in related semiconductor specialty chemical fields.

Nan Pao Resins reported consolidated revenue of NT$5.84 billion for the first quarter, a 5.1% year-on-year increase. With revenue growth, continuous optimization of product structure, and improved operational efficiency, the operating profit margin reached 17.6%, an increase of 1.2 and 1.4 percentage points compared to the same period last year and the fourth quarter of last year, respectively.

Nan Pao Resins explained that continuous development of new products and applications, successful expansion to new clients, coupled with the impact of fluctuating raw material prices and anticipated product price adjustments, led customers to place orders earlier for stocking up, resulting in revenue growth in the first quarter of this year.

In the first quarter, Nan Pao Resins' footwear adhesives and specialty adhesives businesses increased by 1.1% year-on-year, accounting for 68% of the first-quarter revenue. The building materials and coatings businesses, through continuous cultivation and benefiting from the appreciation of the Australian dollar, saw a 11.3% year-on-year revenue increase in the first quarter, accounting for 26% of revenue. (Editor: Chang Chun-mao) 1150513