On November 10, Taiwan-based cable and stainless steel manufacturer Xinawei (華新) released Q3 results showing core operations slipped into loss, while gains from electronic investments bolstered overall profits. Q3 net profit reached NT$7.909 billion, up 692.2% year-over-year with EPS of NT$1.78, according to analyst reports. However, operating net loss totaled NT$561 million, with stainless steel operations down NT$684 million and resource operations down NT$416 million. In contrast, cable and wire operations delivered stable earnings with revenue of NT$14.156 billion, up 23.9% year-over-year and operating profit of NT$999 million. Q3 equity method investment gains reached NT$7.936 billion, with holdings in semiconductor firms Xinawei Electronics (華邦電) and Xinawei Technology (華新科) cited as key profit drivers. Analysts forecast 2027 EPS of NT$11.06, but cut the target price from NT$50 to NT$44, citing slower-than-expected recovery in core businesses.
Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.
