Jyue Xiang Reports H1 EPS of NT$0.96; Capacity Expansion in Q3 to Meet Peak Season Demand

Specialized insulation materials manufacturer Jyue Xiang (8074-TW) announced its latest financial results today (3rd), revealing that its net profit after tax for Q2 2026 was NT$35.39 million, a 16.66% decrease quarter-on-quarter but a 3.25-fold year-on-year increase, with earnings per share (EPS) at NT$0.43. For the first half of 2026, the company’s net profit after tax totaled NT$77.86 million, with EPS at NT$0.96.

Jyue Xiang’s Q2 2026 revenue reached NT$420 million, with a gross margin of 27.1%, up 0.82 percentage points quarter-on-quarter and 6.71 percentage points year-on-year. Q2 2026 net profit after tax was NT$35.39 million, with EPS at NT$0.43.

For the January–June 2026 period, consolidated revenue totaled NT$784 million, with a gross margin of 26.72%, up 5.7 percentage points year-on-year. H1 2026 net profit after tax was NT$77.86 million, with EPS at NT$0.96.

Jyue Xiang maintained its growth momentum in Q2 2026, driven by increased shipments of ABF substrate spacers and CCL-related packaging materials. Demand from the CCL sector was particularly strong, boosting quarterly revenue. Q2 consolidated revenue reached NT$420 million, a 24.2% increase year-on-year. With a higher shipment ratio of high-end spacers and continuous product mix optimization, gross margin reached 27%, a clear 7 percentage point increase from the same period last year, driving simultaneous growth in operating profit and net income. However, Q2 earnings were impacted by one-time expenses recognized from a cash capital increase, slightly affecting profitability. Core business profitability continues to improve, and overall operations remain on a stable growth trajectory.

As demand for AI servers and high-performance computing (HPC) applications continues to grow, PCB industry demand remains strong and is gradually extending upstream to materials, driving increased demand for high-end materials. Benefiting from steady order intake and shipment momentum for high-end spacers and CCL-related materials, Jyue Xiang’s H1 2026 consolidated revenue reached NT$784 million, with operating profit at NT$90.29 million and net profit at NT$77.86 million—representing year-on-year growth of 22%, 65%, and 182%, respectively. H1 EPS reached NT$0.96.

Jyue Xiang further noted that overall order demand remains strong, capacity utilization is at a high level, and order intake is nearly at full capacity. To meet customer pull demand, the company continues to enhance supply efficiency through production scheduling and capacity allocation. With workforce gradually replenished in Q3, the company expects to open additional production lines, helping to expand shipment volumes and capture future market demand.

Looking ahead, Jyue Xiang stated that the PCB industry is entering its traditional peak season, and customer pull demand is expected to continue strengthening. The company will focus on expanding shipment volumes and increasing the proportion of high-end materials as the main drivers of operational growth in the second half. As new capacity comes online and product mix optimization continues, economies of scale are expected to gradually emerge, further boosting revenue and profit growth. The company maintains a cautiously optimistic outlook for second-half performance.