Taiwan Rong Technology Celebrates Market Debut with Nearly 20% Surge in Early Trading

Taiwan Rong Technology (6947-TW) officially commenced trading on June 23 at TWD 66 per share, with its stock price peaking at TWD 79 during early trading, representing a 19.69% increase. This milestone signifies strong capital market validation of the company's long-term expertise in semiconductor waste treatment, resource recovery, and energy conversion, marking a new chapter in Taiwan Rong's development.

For the first half of 2026 (January–June), Taiwan Rong reported consolidated revenue of TWD 853 million, a 71.42% year-on-year increase. Gross margin reached 37.92%, up 21.15 percentage points from the previous year. Net profit after tax amounted to TWD 135 million, a staggering 8.92-fold year-on-year growth, with earnings per share (EPS) reaching TWD 1.44.

In the second quarter of 2026, revenue was TWD 440 million, with a gross margin of 37.33% (a slight 1.24% decrease quarter-on-quarter). Quarterly net profit after tax was TWD 80.03 million, up 44.44% from the previous quarter, with EPS at TWD 0.85.

The company's strong financial performance is primarily driven by the ongoing expansion of Taiwan's semiconductor supply chain, which continues to fuel high demand for hazardous industrial waste liquid treatment. Additionally, Hanyang Green Energy, a 100%-owned subsidiary, has been operating commercially since the end of 2025. Its capacity for processing municipal solid waste and general industrial waste has remained fully utilized, with stable power generation efficiency.

With the rapid growth of AI infrastructure demand, Taiwan's semiconductor manufacturers are expanding production. As advanced process capacity comes online, the volume and complexity of specialty solvents used in semiconductor manufacturing are increasing, leading to a demand for waste treatment that exceeds Taiwan's current processing capacity.

Taiwan Rong maintains a leading position in hazardous waste treatment. The company operates an integrated processing chain combining incineration and distillation, with monthly permitted capacities of 3,848 tons for incineration and 2,880 tons for physical processing. Through precise material blending and data-driven analysis, it ensures stable calorific value and high-efficiency processing. Especially amid sustained high demand from the semiconductor industry, Taiwan Rong leverages its long-standing service experience with international semiconductor and electronics giants, supported by rigorous pollution control systems and an annual operating rate exceeding 300 days.

Hanyang Green Energy, a wholly-owned subsidiary of Taiwan Rong, signed a BOO investment agreement with Hsinchu County Government in 2020 and officially commenced commercial operations on December 31, 2025. Since then, it has processed over 140,000 tons of municipal waste from 13 townships across Hsinchu County, effectively resolving the county's long-standing lack of an incineration facility. All municipal waste in the county is now handled by Hanyang Green Energy, which has cumulatively generated 140 million kWh of electricity for local residents. With a renewable energy conversion efficiency of over 25%, the facility exemplifies successful waste-to-energy and resource recovery.

Founded in 2012, Taiwan Rong Technology has long specialized in the treatment and recycling of semiconductor specialty chemical waste liquids, hazardous industrial waste, and general industrial waste. It possesses an integrated 'trinity' capability encompassing incineration, distillation, and energy recovery, making it one of the few domestic companies capable of providing comprehensive circular economy solutions. The company has accumulated a big data formulation database of tens of thousands of waste solvent entries, enabling precise characterization of waste streams, maintaining high combustion efficiency and compliant operations. It has consistently achieved over 300 operating days per year, demonstrating stable processing capacity.

Together with its subsidiaries Hanyang Green Energy and Ri Huan, Taiwan Rong has formed a cross-regional, cross-sectoral integrated service network, with a combined annual waste processing capacity of 238,736 tons. The company has implemented automated monitoring and intelligent management systems to monitor plant efficiency in real time, ensuring compliance with environmental regulations and maximizing energy recovery, showcasing a highly stable operational capability.