Xundeh Reports H1 EPS of NT$3.79, Plans NT$3 Dividend and Over NT$500 Million CB Issuance

Xundeh (6438-TW), an equipment manufacturer in TSMC's (2330-TW) supply chain, announced its latest financial results today (12th). For the first half of 2026, the company reported a net profit of NT$311 million, a 19.07% year-on-year increase, with earnings per share (EPS) reaching NT$3.79. In light of these results, the company proposes a dividend of NT$3 per share for the first half and plans to raise over NT$500 million through the issuance of unsecured convertible bonds to the market.

Xundeh achieved record revenue of NT$1.824 billion in Q2 2026, with a net profit of NT$166 million, surpassing Q1's NT$145 million in profitability, marking another quarterly high. EPS for the quarter was NT$2.03. From January to June 2026, total revenue reached NT$3.568 billion, with a gross margin of 26.13%, net profit of NT$311 million, and EPS of NT$3.79. Xundeh also released its latest sales data, announcing that July 2026 revenue reached NT$638 million, setting a new record for the same month in history.

The company's operational headquarters has relocated to its new facility, and production capacity has already reached full load, which is expected to further boost profitability in 2026. Xundeh Machinery recorded Q2 2026 revenue of NT$1.824 billion, a new high. Analysts estimate that Xundeh's average monthly revenue in Q3 2026 will exceed NT$600 million, potentially setting another record. In Q4, semiconductor equipment shipments are expected to peak, leading to stronger performance in the second half compared to the first half. Full-year 2026 revenue is projected to grow 10–15% from 2025's NT$6.467 billion, reaching a new high.

Xundeh benefits from dual growth drivers in semiconductor and PCB equipment demand. Additionally, the company has secured major orders from high-end PCB manufacturers such as Zhen Ding-KY (4958-TW) and Jing Shuo (3189-TW), including a NT$1.02 billion order from Zhen Ding-KY and over NT$700 million from Jing Shuo.

Xundeh's H1 2026 revenue was NT$3.568 billion, up 11.99% year-on-year. The second half is expected to outperform the first half due to favorable product mix dynamics, with full-year revenue projected to grow 10–15%. Profit growth is expected to outpace revenue growth, potentially doubling.

Moreover, semiconductor-related equipment shipments are expected to show significant growth starting in Q4, with strong momentum projected to continue into 2027.

In Q1 2026, Xundeh reported revenue of NT$1.745 billion, net profit of NT$145 million, and EPS of NT$1.76. Q2 revenue reached NT$1.824 billion, with improved profitability driven by a favorable product mix, favorable exchange rates, and recovery of overdue receivables.

Regarding capacity planning, Xundeh's newly built Zhongli New Plant spans 12,000 ping, and the company's operational headquarters has already relocated. The Zhongli New Plant features cleanrooms and focuses on semiconductor equipment production. Chairman Wang Nianqing stated that the plant is already operating at full capacity and the company is actively seeking additional operational and warehouse space to meet rising demand in the second half.