Ronghui-KY Reports NT$88.96 Million After-Tax Profit in First Half, Up 1.49x YoY; Proposes Dividend of NT$3.5

PCB and AI liquid cooling supplier Ronghui-KY (6924-TW) today (20th) released its latest earnings and dividend announcement. Ronghui-KY recorded an after-tax net profit of NT$88.96 million in January–June 2026, representing a 1.49-fold year-on-year increase, equivalent to earnings per share (EPS) of NT$4.31. Simultaneously, Ronghui-KY announced a cash dividend of NT$3.5 per share for the first half.

In July 2026, Ronghui-KY achieved revenue of NT$185 million, the second-highest monthly record in its history, up 10.86% month-on-month and 25.84% year-on-year. Cumulative revenue from January to July 2026 reached NT$1.172 billion, up 15.54% year-on-year. Due to continuously rising costs, Ronghui-KY is actively passing on cost increases to customers. Additionally, AI liquid cooling module-related revenue accounted for over 8% of total revenue during the first seven months of 2026.

Ronghui-KY’s Q2 2026 revenue was NT$515 million, with a gross margin of 23.2%, down 3.27 percentage points quarter-on-quarter but up 1.42 percentage points year-on-year. After-tax net profit was NT$42.34 million, down 9.2% quarter-on-quarter but up 4.09 times year-on-year, resulting in a quarterly EPS of NT$2.05.

For the first half of 2026, revenue totaled NT$987 million, with a gross margin of 24.77%, up 4.11 percentage points year-on-year. After-tax net profit reached NT$88.96 million, up 1.49 times year-on-year, with EPS of NT$4.31.

Ronghui-KY benefited from robust shipments of AI server liquid cooling products and a recovery in automotive board demand, driving both month-on-month and year-on-year growth in July operations. However, due to persistently rising costs, the company is actively negotiating price adjustments with customers to maintain overall supply chain health, having already implemented several cost-pass-through measures this year. Overall, third-quarter demand is expected to remain strong.

Chairman Liu Shilin of Ronghui-KY stated that since entering the AI sector, demand has continued to grow steadily. The company has expanded shipments of liquid cooling quick disconnects (QDs), sensors, PCBA, and metal structural components. Cumulatively from January to July this year, AI liquid cooling module-related revenue has risen to over 8% of total revenue. These related businesses have become a new engine for operational growth, providing one-stop services across various substrate types including FPC, Rigid-flex, Metal, and HDI, extending new momentum to its business.

Liu noted that upstream materials such as fiberglass cloth, resin, copper-clad laminate, memory, and passive components remain in short supply, with prices continuing to fluctuate, and the company is currently negotiating price adjustments with downstream customers. Given tight supply chain inventory conditions, current inventory levels remain above two months to ensure uninterrupted supply.

With clear growth in AI and automotive board demand, coupled with strong performance in the Japanese market, Ronghui-KY expects steady growth in third-quarter operations.