Cheng Shin Rubber (2105) Q2 2026 earnings summary

Executive summary

• Net revenue for 2026H1 reached NT$48,619 million, up 5.2% year-over-year from 2025H1, with net profit attributable to owners at NT$3,420 million, a significant increase from NT$2,360 million in the prior year period.

• Operating profit for 2026H1 was NT$4,841 million, up from NT$3,680 million in 2025H1, reflecting improved margins and cost control.

• EPS for 2026H1 rose to NT$1.05 from NT$0.73 in 2025H1.

• Gross margin improved to 25% in 2026H1 from 22% in 2025H1.

• The group maintained a strong cash position, ending the period with NT$29,745 million in cash and cash equivalents.

Financial highlights

• Operating profit for 2026H1 was NT$4,841 million, up from NT$3,680 million in 2025H1.

• Free cash flow for 2026H1 was NT$6,888 million, up from NT$5,413 million in 2025H1.

• Net cash flows from operating activities reached NT$8,350 million, up from NT$6,920 million year-over-year.

• Debt-to-equity ratio decreased to 69% from 75% year-over-year, reflecting strengthened capital structure.

• Shareholder equity rose to NT$87,690 million, up from NT$77,904 million year-over-year.

Outlook and guidance

• Continued focus on innovation, global expansion, and maintaining gearing ratios below 200%.

• Emphasis on maintaining high quality and service standards, as reflected in recent awards and certifications.

• The company expects to benefit from ongoing cost controls and stable demand in key markets.