Sunyen's July Revenue Hits Record High for Fourth Consecutive Month; Drone Business Expected to Double This Year

Sunyen (3023-TW), a leading manufacturer of connectors, announced today (4th) that its July revenue reached NT$3.167 billion, setting a new all-time high for the fourth consecutive month since the company's inception. This represents a 2.41% increase from the previous month and a nearly 29% year-on-year growth. Cumulative revenue for the first seven months of the year reached NT$20.554 billion, a record high for the period and an 11.44% increase compared to the same period last year.

Regarding its drone business, which has attracted significant market attention, Sunyen stated that the company is focusing on the 'commercial transportation' market, which features high regulatory barriers and operational entry thresholds, avoiding the highly competitive consumer drone segment. With the U.S. Federal Aviation Administration (FAA) officially approving related operations and manufacturing, this market is gradually transitioning from a prior verification phase into actual commercial operations.

Sunyen anticipates that its drone-related business will achieve multiple-fold growth this year compared to last year. With regulatory tailwinds and the gradual release of commercial demand, the company expects strong growth momentum to continue over the next two years, positioning drones as the next engine for operational growth.

For July's revenue performance, Sunyen explained that it was primarily driven by increased sales in the medical, automotive, and industrial application sectors, which grew 14.80%, 16.04%, and 4.05% respectively compared to June. Year-to-date performance across Sunyen's MAGIC five core industries, compared to the same period last year, showed growth of 26.28% in medical and healthcare, 25.40% in automotive, a decline of 8.09% in green energy, 30.51% growth in industrial applications, and a 9.41% decline in communications and peripheral electronics.

In terms of revenue composition, industrial applications accounted for 36.10%; communications and peripheral electronics for 19.47%; green energy for 17.90%; automotive for 16.78%; and medical and healthcare for 9.75%. By product category, cable assembly production and sales accounted for 77.85%, while connector and component sales accounted for 22.15%.