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Chang Wah Electromaterials (par value NT$1 per share) Announces Preliminary Financial Results for the Third Quarter of 2025
Issued by:Chang Wah Electromaterials Inc.
Issued on: October 29, 2025
Chang Wah Electromaterials Inc. (Chang Wah*, 8070) announced its preliminary operating results for the third quarter of 2025 on October 29. The Company reported unaudited consolidated revenue of NT$4,990 million for the quarter, marking its sixth consecutive quarter of growth. Gross margin, operating margin, and net profit margin all improved from the previous quarter, reflecting solid business performance and a sound profitability foundation. Net profit attributable to owners of the Corporation totaled NT$608 million, with earnings per share (EPS) of NT$0.86, based on a par value of NT$1 per share. This represents a new quarterly high since the second quarter of 2023.
Chang Wah's consolidated revenue for the third quarter reached NT$4,990 million, up 5% quarter-over-quarter and 12% year-over-year. Gross margin and operating margin were 19.3% and 11.5%, rising by 1.7 and 0.4 percentage points, respectively, from the previous quarter. As the New Taiwan dollar stabilized against the U.S. dollar, the risk of exchange rate fluctuations eased and became favorable to operations. This contributed to improvements in both gross margin performance and non-operating income, restoring profitability to a healthy level. Net profit attributable to owners of the Corporation was NT$608 million for the quarter, up 453% from the previous quarter, with EPS surging well above the NT$0.16 recorded in the second quarter.
For the first three quarters of 2025, Chang Wah's cumulative consolidated revenue totaled NT$14,241 million, a 12% increase year-over-year. Gross margin stood at 19%, down 1 percentage point from the same period last year, while operating margin remained steady at 11%. Net profit attributable to owners of the Corporation was NT$1,050 million, down 16% year-over-year, with EPS of NT$1.49.
Unit： NT$ Million
| Item/Period | Q3 2025 | Q2 2025 | Q3 2024 |
QoQ |
YoY |
|---|---|---|---|---|---|
| Consolidated revenue | 4,990 | 4,747 | 4,466 | 5% | 12% |
| Gross profit | 964 | 834 | 1,009 | 16% | -4% |
| Profit from operations | 573 | 527 | 580 | 9% | -1% |
| Profit before income tax | 1033 | 131 | 761 | 689% | 36% |
|
Net profit attributable to owners of the Corporation |
608 | 110 | 439 | 453% | 38% |
| After-tax EPS (NT$) | 0.86 | 0.16 | 0.63 | 438% | 37% |
| Gross margin | 19.3% | 17.6% | 22.6% | +1.7 ppt | -3.3 ppt |
| Operating margin | 11.5% | 11.1% | 13% | +0.4 ppt | -1.5 ppt |
| Pre-tax profit margin | 20.7% | 2.8% | 17% | +17.9 ppt | + 3.7 ppt |
| Net profit margin | 17.3% | 2.6% | 14.8% | +14.7 ppt | +2.5 ppt |
Note 1: After-tax EPS is calculated based on a par value of NT$1 per share.
Note 2: The financial figures for the third quarter of 2025 are preliminary and may be adjusted following the auditor's review.
【About Chang Wah Electromaterials (CWE)】
Chang Wah* (8070.TW) specializes in the sales and technical services of semiconductor packaging materials and advanced packaging equipment, including lead frames, EME, silver paste, and IC substrates. The Company is also dedicated to strengthening its presence in the packaging materials market for key components of electric vehicles and automotive electronics. Furthermore, it partners with manufacturers to advance the IC substrate market for Micro LED and Mini LED packaging. Looking ahead, CWE will drive operational growth through its three primary business focuses: 3Cs (computers, communications, and consumer electronics), automotive, and industrial applications. Additionally, through strategic investments, the Company has expanded into the semiconductor front-end process materials, enabling CWE Group to build a comprehensive semiconductor material ecosystem and strengthen its influence within the industry. For more information, please visit the CWE official website:https://www.cwei.com.tw/