Sunlord Electronics Executes 6% Cash Reduction; Trading Suspended from Oct 7, New Shares Listed on Oct 19

Passive components manufacturer Sunlord Electronics (6173-TW) is set to execute a 6% cash reduction and today (28th) announced the schedule for issuing new shares. Old shares will be suspended from trading between October 7 and October 16, while new shares will resume over-the-counter trading on October 19. The cash refund to shareholders from the capital reduction is expected to be officially distributed on October 23.

To enhance shareholder equity, Sunlord is returning NT$102.7 million in capital through cash reduction. Shareholders will receive 940 shares for every 1,000 shares held, with a cash refund of NT$0.60 per share. The company’s paid-in capital will decrease from NT$1.712 billion to NT$1.609 billion following the reduction.

Sunlord reported July revenue of NT$537 million, up 6.6% month-on-month and 49.1% year-on-year. The company posted a net profit of NT$173 million, a 125% year-on-year increase, with earnings per share (EPS) of NT$1.01. Including its first-half financials, cumulative revenue for the first seven months reached NT$2.94 billion, up 22% year-on-year, with net profit totaling approximately NT$684 million and EPS around NT$3.99—surpassing its full-year earnings from the previous year.

Johnny Chiao, chairman of Walsin Technology Group, to which Sunlord belongs, recently stated that the current shortage of passive components differs from past widespread shortages, as it primarily affects specific specialized items. The group plans to expand production capacity for various passive components used in AI-related applications.