Daitin Precision Reports Q2 Loss, H1 Net Loss of NT$48.41 Million, EPS at -NT$0.58

Golf equipment manufacturer Daitin Precision (8924-TW) released its latest financial results today (4th). Affected by high operating costs from simultaneous production at its Chinese and Vietnamese plants, along with foreign exchange losses, the company reported a net loss of NT$52.77 million in Q2 2026—turning from profit to loss compared to both the prior quarter and the same period last year. Earnings per share (EPS) stood at -NT$0.63.

For the first half of 2026, the company recorded a consolidated net loss of NT$48.41 million, with EPS at -NT$0.58.

Daitin Precision’s Q2 2026 revenue reached NT$1.005 billion, with a gross margin of 5.68%, down 5.82 percentage points quarter-on-quarter and 10.46 percentage points year-on-year. The net loss of NT$52.77 million marked a shift from profitability in both prior periods, with EPS at -NT$0.63.

From January to June 2026, cumulative revenue totaled NT$2.016 billion, with a gross margin of 8.6%, down 8.14 percentage points year-on-year. The first-half net loss of NT$48.41 million represented a reversal from profit in the same period last year, with EPS at -NT$0.58.

Despite being in the industry’s off-season, the Q2 operating loss was primarily driven by elevated costs from dual operations at its Ganzhou, Jiangxi plant in China and its Vietnam facility, as well as foreign exchange losses. The company recognized NT$25 million in FX losses in Q2 and NT$60 million for the first half, mainly due to USD-denominated borrowings.

The third quarter remains the off-season for the golf market. Daitin noted that customer orders have yet to strengthen, and the company is counting on new product shipments in Q4 to drive performance recovery.