ShunSin Technology (6451) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2023 was NT$2,015 million, up 13% year-over-year; first half revenue was NT$3,569 million, down 5% year-over-year.

• Q2 net profit was NT$75 million, reversing a net loss of NT$68 million in Q2 2022; first half net loss narrowed to NT$72 million from NT$191 million a year ago.

• Gross margin for Q2 improved to 17% from 15% year-over-year.

Financial highlights

• Operating income for Q2 was NT$52 million, compared to an operating loss of NT$21 million in Q2 2022.

• Basic EPS for Q2 was NT$0.68, compared to a loss per share of NT$0.59 in Q2 2022.

• Cash and cash equivalents at June 30, 2023, were NT$5,101 million.

• Short-term borrowings increased to NT$5,823 million from NT$4,669 million at year-end 2022.

• Convertible bonds outstanding decreased to NT$831 million due to conversions.

Outlook and guidance

• Management expects no significant seasonality or cyclicality in operations.

• New and revised IFRS standards adopted had no material impact; future changes are not expected to materially affect financials.