Cheng Uei Posts Net Loss of NT$0.46 Per Share in Q1, Marking 4th Consecutive Loss, Dragged Down by Subsidiary Sunwei
Cheng Uei announced its first-quarter financial report, posting a net loss attributable to the parent company of NT$210 million, or a net loss of NT$0.46 per share, marking its fourth consecutive quarterly loss. The loss was attributed to its subsidiary, Sunwei Energy.
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- 📰 Published: May 14, 2026 at 20:17
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(Central News Agency, Taipei, 14th, by Tseng Jen-kai) Cheng Uei announced its first-quarter financial report today, revealing a net loss attributable to the parent company of NT$210 million, or a net loss of NT$0.46 per share for the quarter. This is the fourth consecutive quarter the company has reported a loss, dragged down by its subsidiary, Sunwei Energy.
Cheng Uei stated that its subsidiary, Sunwei Energy, held a board meeting on the 13th and approved its Q1 financial report. Due to the impact of the overall business environment and changes in capital market arrangements, Sunwei is no longer able to support the continued operations of its subsidiary, Pau-Wei Marine Engineering. As Pau-Wei is also unable to repay its debts, Sunwei Energy has recognized related losses. This resulted in the net value attributable to the parent company's owners turning negative for the first quarter. Cheng Uei recognized the related losses based on its 24.87% shareholding.
Cheng Uei emphasized that its core business operations remain stable and unaffected. According to the Q1 financial report released today, the operating profit, which represents the core business, reached NT$2.024 billion, doubling from the same period last year.
Cheng Uei's subsidiary, Sunwei, incurred severe losses from its subsidiary Fu-Wei Energy's contract for Taipower's Offshore Wind Power Project Phase 2. Sunwei's Q1 net loss attributable to the parent company was NT$1.848 billion, with a loss per share of NT$6.73, marking four consecutive quarters of heavy losses. Sunwei's latest net worth is negative NT$182.23 million. As its net worth has fallen into negative territory, the Taiwan Stock Exchange announced on the 13th that Sunwei will be delisted starting June 23. (Editor: Chang Chun-mao) 1150514
Cheng Uei stated that its subsidiary, Sunwei Energy, held a board meeting on the 13th and approved its Q1 financial report. Due to the impact of the overall business environment and changes in capital market arrangements, Sunwei is no longer able to support the continued operations of its subsidiary, Pau-Wei Marine Engineering. As Pau-Wei is also unable to repay its debts, Sunwei Energy has recognized related losses. This resulted in the net value attributable to the parent company's owners turning negative for the first quarter. Cheng Uei recognized the related losses based on its 24.87% shareholding.
Cheng Uei emphasized that its core business operations remain stable and unaffected. According to the Q1 financial report released today, the operating profit, which represents the core business, reached NT$2.024 billion, doubling from the same period last year.
Cheng Uei's subsidiary, Sunwei, incurred severe losses from its subsidiary Fu-Wei Energy's contract for Taipower's Offshore Wind Power Project Phase 2. Sunwei's Q1 net loss attributable to the parent company was NT$1.848 billion, with a loss per share of NT$6.73, marking four consecutive quarters of heavy losses. Sunwei's latest net worth is negative NT$182.23 million. As its net worth has fallen into negative territory, the Taiwan Stock Exchange announced on the 13th that Sunwei will be delisted starting June 23. (Editor: Chang Chun-mao) 1150514