Ding Ji Q2 'Triple Margin Growth' Net Profit Up Nearly 58% Quarter-on-Quarter, EPS of NT$2.95 Marks Second-Highest Single Quarter

TPU (thermoplastic polyurethane) film manufacturer Ding Ji (6585-TW) announced its second-quarter financial results today (4th), with 'triple margin growth' driving net profit to NT$212 million, up nearly 58% quarter-on-quarter and 35.6 times year-on-year. Earnings per share (EPS) reached NT$2.95, marking the second-highest single-quarter record in company history. For the first half of the year, net profit totaled NT$347 million, up 79.3% year-on-year, with EPS at NT$4.81.

Looking ahead to the second half, Ding Ji expects strong momentum in medical product shipments to continue through year-end. Automotive product orders are returning to normal, with Q3 anticipated to be stronger than usual for a seasonally slow period and outperform Q2. Electronic applications continue to contribute solidly to revenue, while industrial applications—particularly construction materials—are showing strong growth. The proportion of high-value-added products continues to rise.

Regarding recent fluctuations in international oil prices, Ding Ji stated it has established a robust raw material procurement and cost management system. The company adjusts selling prices with customers as needed to reflect cost changes, expecting raw material price impacts to remain within manageable levels. With ongoing product mix optimization, the company maintains a cautiously optimistic outlook.

Ding Ji's Q2 revenue reached NT$930 million, up 27.8% quarter-on-quarter and 54.5% year-on-year. Gross margin was 39.3%, up 4.6 percentage points QoQ and 8.4 points YoY. Operating margin was 28.6%, up 8.2 points QoQ and 16.3 points YoY. Net margin was 22.8%, up 4.4 points QoQ and 21.9 points YoY.

For the first half, revenue totaled NT$1.657 billion, up 13.8% YoY. Gross margin was 37.3% (up 2.3 points YoY), operating margin 25% (up 5 points YoY), and net margin 20.9% (up 7.6 points YoY)—all reflecting continued 'triple margin growth'.

Ding Ji explained that core medical business grew steadily in H1, with revenue up nearly 40% YoY. The electronics segment benefited from new product launches and customer inventory buildup, doubling year-on-year. The automotive segment saw relatively stable revenue due to high comparative base from last year, when customers pulled forward orders amid tariff concerns.