Qisda Reports 87% Sequential Net Profit Growth in Q2; H1 EPS Reaches NT$0.58

Qisda (2352-TW) announced its second-quarter financial results today, reporting a net profit of NT$594 million, up 87% quarter-on-quarter and 67% year-on-year, with earnings per share (EPS) of NT$0.38. For the first half of the year, net profit reached NT$911 million, up 9% year-on-year, with EPS of NT$0.58.

Qisda's Q2 revenue was NT$52.73 billion, up 2.31% sequentially but down 1.37% year-on-year. Gross margin was 17.27%, up 0.60 percentage points sequentially and 1.14 percentage points annually. Operating profit was NT$652 million, down 5.90% sequentially and 14.44% year-on-year, with an operating margin of 1.24%, down 0.11 and 0.19 percentage points sequentially and annually, respectively.

For the first half, revenue totaled NT$104.272 billion, up 1.03% year-on-year. Gross margin was 16.98%, up 0.26 percentage points annually. Operating profit was NT$1.344 billion, down 23.68% year-on-year, with an operating margin of 1.29%, down 0.42 percentage points annually.

Qisda attributed the decline in H1 operating profit to slowing demand for IT products and the ongoing operational scale-up phase at BenQ Hospital Phase II, which is expected to gradually expand. The company recently reported July revenue of NT$18.194 billion, down 2.56% month-on-month but up 4.13% year-on-year. Cumulative revenue for the first seven months reached NT$122.5 billion, up 1.48% year-on-year.

The growth momentum in July was driven by the Smart Solutions business, which achieved double-digit year-on-year growth, along with growth in the healthcare segment. Qisda will hold an online investor conference on the 10th to present its Q2 results and Q3 outlook.