Shin Hsing Q2 Revenue Reaches NT$2.292 Billion, Up 19% Quarter-on-Quarter, Positive Outlook for Second Half Exceeding First Half

Shin Hsing (1558-TW) announced today (9th) its consolidated revenue for June 2026 reached NT$778 million, down 4.37% month-on-month but up 7.56% year-on-year. Second-quarter revenue totaled NT$2.292 billion, a 19% increase from Q1 2026. Cumulative revenue for the first half of 2026 reached NT$4.218 billion, slightly down 0.14% compared to the same period last year. Looking ahead to 2026, Shin Hsing maintains a cautious yet positive outlook. Based on current order backlog, with stable recovery in consumer demand in Europe and the U.S. and sustained procurement momentum in China, the company anticipates steady and positive operational growth, aiming for the second half to outperform the first half.

Shin Hsing noted that although some June orders were delayed to the following month due to shipping schedules and booking constraints, the core business continued its recovery trend from Q1 into Q2. Benefiting from stable procurement demand from major Western retail channels and gradually recovering consumer momentum in China, order intake and shipment rhythms for household sewing machines continued to strengthen. The core sewing machine business achieved a 19% quarter-on-quarter and 5.14% year-on-year revenue increase. Meanwhile, the precision components business also maintained robust and stable shipments, supporting the group’s steady advancement in its dual-track operational transformation strategy.

Shin Hsing further stated that it continues to deepen corporate governance and sustainable operations. Beyond stable performance in both core and precision component businesses, the company has achieved notable success in ESG and governance. In the Taiwan Stock Exchange’s recently released 2025 Corporate Governance Evaluation, Shin Hsing significantly improved its ranking, moving from the '21% to 35%' tier to the top-tier '6% to 20%' bracket. This reflects the company’s comprehensive ESG enhancements and strengthened information security resilience, demonstrating its commitment to sustainable practices and shareholder rights protection.

Looking forward, the Shin Hsing Group will continue integrating its core business with Yulon resources, deepen its high-value-added product portfolio in precision components, and actively introduce new products under a 'group management' framework. The company will enhance cross-domain integration of management, R&D, and production resources, continuously optimize product mix and profitability structure, and establish a systematic, sustainable operating model to maximize value for all shareholders.