CSBC (2208) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was NT$4,731,963 thousand, up 21% year-over-year, but the period ended with a net profit of NT$85,964 thousand, reversing a net loss of NT$831,631 thousand in Q1 2025.

• Gross margin improved, and the company returned to profitability, driven by higher shipbuilding and machinery segment revenues.

• The audit review concluded the financial statements present fairly in all material respects.

Financial highlights

• Sales revenue increased to NT$4,731,963 thousand from NT$3,909,986 thousand year-over-year.

• Net profit attributable to owners was NT$91,374 thousand, compared to a loss of NT$831,690 thousand in Q1 2025.

• Basic EPS was NT$0.07, up from a loss per share of NT$0.65 year-over-year.

• Cash and cash equivalents decreased to NT$1,600,977 thousand from NT$3,852,006 thousand year-over-year.

• Gearing ratio remained high at 85%.

Outlook and guidance

• Unfulfilled contract obligations totaled NT$125,154,022 thousand, expected to be recognized as revenue through October 2031.

• Management expects continued revenue recognition from a robust backlog in shipbuilding, vessel construction, and anti-corrosion coating.