ShunSin Technology (6451) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2024 was NT$1,553 million, down 21% year-over-year, with a net loss of NT$154 million, compared to a net loss of NT$111 million in Q1 2023.

• Gross margin improved to 12% from 6% year-over-year, but operating loss widened due to higher operating expenses.

• Cash and cash equivalents at quarter-end were NT$5,572 million, down from NT$8,509 million a year ago.

Financial highlights

• Operating loss for Q1 2024 was NT$80 million, compared to NT$131 million in Q1 2023.

• Basic and diluted EPS were both -NT$1.45, compared to -NT$1.05 in Q1 2023.

• Total assets at quarter-end were NT$20,521 million; total liabilities were NT$12,244 million.

• Short-term borrowings increased to NT$5,301 million from NT$4,702 million year-over-year.

Outlook and guidance

• The company expects no material impact from newly adopted or upcoming IFRS standards.

• No specific forward-looking financial guidance was provided.