Tungtai: Q2 Operational Momentum Strong, PCB Equipment Orders Robust
Tungtai Machine Tool expects strong operational momentum in the second quarter, driven by robust orders for high-end PCB equipment due to AI application development and the expansion of Thailand's PCB industry. The company also announced a change in leadership at its subsidiary, APEX Elite.
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 20:57
- 🔍 Collected: May 13, 2026 at 21:32 (34 min after Published)
- 🤖 AI Analyzed: May 14, 2026 at 02:47 (5h 15m after Collected)
Central News Agency (Reporter Chung Jung-feng, Taipei 13th) Machine tool manufacturer Tungtai today anticipated that its operational momentum will gradually increase in the second quarter, benefiting from the development of artificial intelligence (AI) applications and the expansion effect of Thailand's printed circuit board (PCB) industry, leading to strong demand and orders for high-end equipment.
Tungtai announced in the evening a change in chairman and general manager at its subsidiary, APEX Elite. Tungtai director Fan Shin will take over as chairman of APEX Elite, and former Vice President Chang Chih-wei will be promoted to general manager.
Tungtai explained that Fan Shin had served as an independent director of Tungtai for many years, and previously as president of Ford Lio Ho and Jiangling Motors, special assistant to the chairman of Hon Teng Precision, and general manager of TECO Electric & Machinery. He possesses extensive international operational management experience. The new general manager, Chang Chih-wei, has served APEX Elite for nearly 17 years, deeply cultivating five-axis machining and aerospace application technologies.
Tungtai today convened a board meeting to approve its first-quarter financial report. Consolidated revenue for the quarter was NT$1.075 billion, a 29% decrease compared to the same period in 2025. Net loss attributable to the parent company was NT$162 million, with a loss per share of NT$0.65.
Tungtai noted that due to a transition period for equipment delivery, revenue recognition was delayed in the first quarter. However, orders for high-end electronic process equipment are being progressively accepted, and the operational momentum for the second quarter is expected to be promising. (Editor: Chang Chun-mao) 1150513
Tungtai announced in the evening a change in chairman and general manager at its subsidiary, APEX Elite. Tungtai director Fan Shin will take over as chairman of APEX Elite, and former Vice President Chang Chih-wei will be promoted to general manager.
Tungtai explained that Fan Shin had served as an independent director of Tungtai for many years, and previously as president of Ford Lio Ho and Jiangling Motors, special assistant to the chairman of Hon Teng Precision, and general manager of TECO Electric & Machinery. He possesses extensive international operational management experience. The new general manager, Chang Chih-wei, has served APEX Elite for nearly 17 years, deeply cultivating five-axis machining and aerospace application technologies.
Tungtai today convened a board meeting to approve its first-quarter financial report. Consolidated revenue for the quarter was NT$1.075 billion, a 29% decrease compared to the same period in 2025. Net loss attributable to the parent company was NT$162 million, with a loss per share of NT$0.65.
Tungtai noted that due to a transition period for equipment delivery, revenue recognition was delayed in the first quarter. However, orders for high-end electronic process equipment are being progressively accepted, and the operational momentum for the second quarter is expected to be promising. (Editor: Chang Chun-mao) 1150513