Spotlight Stock: Chung-Hsing Electric Achieves Record-High H1 EPS of NT$4.5, Price and Volume Rebound Above Quarterly Line

Chung-Hsing Electric (1513-TW) reported a post-tax net profit of NT$2.224 billion for the first half of the year, up more than 20% year-on-year, driven by Taipower's resilient grid project and robust AI demand. Earnings per share (EPS) reached NT$4.5, setting a new historical high for the same period, which boosted Chung-Hsing Electric's stock price and trading volume today (12th), allowing it to reclaim the quarterly moving average line.

The stock opened higher at NT$161.5 this morning and continued to rise, peaking at NT$168. As of midday, the share price stood at NT$167, up over 4%, recovering the 5-day, quarterly, and semi-annual moving averages. Trading volume exceeded 6,000 shares. The three major institutional investors have been net buyers for two consecutive trading days, collectively purchasing 605 shares.

Chung-Hsing Electric's Q2 revenue reached NT$7.533 billion, up 16.06% quarter-on-quarter and 6.03% year-on-year. Gross margin was 28.44%, up 2.46 percentage points quarter-on-quarter and 3.76 percentage points year-on-year. Operating margin was 20.05%, up 1.51 percentage points quarter-on-quarter and 2.87 percentage points year-on-year. Post-tax net profit was NT$1.268 billion, up 35% quarter-on-quarter and 2.64% year-on-year, with EPS at NT$2.56.

For the first half of the year, Chung-Hsing Electric recorded cumulative revenue of NT$14.024 billion, up 3.48% year-on-year. Gross margin was 27.3%, up 2.26 percentage points year-on-year. Operating margin was 19.35%, up 1.43 percentage points year-on-year. Post-tax net profit was NT$2.224 billion, up 22.2% year-on-year, with EPS at NT$4.5.

The company's growth momentum this year stems not only from Taipower's resilient grid project but also from offshore wind power, semiconductor plant expansions, and strong demand for AI data centers (AIDC), leading to a positive overall outlook. The current order backlog exceeds NT$40 billion, with visibility for some orders extending to 2031. The company aims to secure new orders worth between NT$20 billion and NT$25 billion this year, targeting double-digit year-on-year revenue growth for the full year.