Maoshun's Revenue Surges, Full-Year 2026 Outlook Exceeds NT$4.5 Billion; Ex-Dividend of NT$7 Today with Minor Filling

Sealing component manufacturer Maoshun (9942-TW) distributed a cash dividend of NT$7 per share for the previous fiscal year, went ex-dividend today (30th), with the cash dividend scheduled for disbursement on August 28. Analysts project Maoshun’s full-year 2026 revenue to exceed NT$4.5 billion, and the stock price has remained above the ex-dividend reference price of NT$113.

Following a clear recovery in demand from the Chinese mainland market—particularly in heavy-duty trucks and home appliances—demand in European and American markets has also rebounded. As a result, Maoshun’s revenue has entered a historically high range. The company reported June revenue of NT$419 million, a 34-month high, up 9.82% month-on-month and 26.64% year-on-year.

Maoshun’s Q2 2026 revenue reached NT$1.207 billion, the highest in 11 quarters, representing a 11.52% quarter-on-quarter increase and an 18.82% year-on-year growth. First-half 2026 revenue totaled NT$2.29 billion, up 16.18% year-on-year.

In addition to strong Q2 sales, favorable exchange rates and improved shipment mix contributed to Maoshun’s Q1 2026 standalone after-tax net profit of NT$185 million, up from NT$176 million in the prior quarter. Earnings per share (EPS) for the quarter were NT$2.22.

Since the second half of 2025, Maoshun has seen robust order growth in both the Chinese mainland and U.S. markets. In 2026, sales of oil seals for heavy-duty trucks in the Chinese market have grown significantly, while the existing home appliance market maintains steady growth.

In the European and American markets, demand in both the U.S. and Europe has rebounded rapidly, driving expectations for a significant revenue increase in 2026. Notably, Maoshun has secured new aftermarket transmission customers in the U.S. market, who have begun formal orders.

For fiscal year 2025, Maoshun recorded revenue of NT$4.014 billion, full-year net profit of NT$678 million, and EPS of NT$8.15. The 2025 dividend remains at NT$7 per share, marking the third consecutive year of stable NT$7 dividends. Currently, Maoshun’s overall capacity utilization rate is approximately 70%. To support medium- to long-term growth, the company acquired a 4,800-ping factory site in Nantou’s Nangang Industrial Park for NT$514 million.