Chenming Electronic Tech. Corp., a leading server casing manufacturer, announced robust financial results today, with net profit after tax in July reaching NT$77 million (US$2.4 million), reflecting a significant 218% year-on-year increase. The company also reported after-tax earnings per share (EPS) for July at NT$0.38, nearly matching the EPS of NT$0.39 recorded for the entire first quarter of this year.
In the first half of 2024, Chenming Electronic achieved a net profit after tax of NT$269 million (US$8.2 million), up 166% from the previous year. This impressive growth has been driven by rising demand for AI servers and a gradual recovery in the general-purpose server market.
Industry experts expect Chenming Electronic’s business to continue benefiting from the expanding market for water-cooled cabinets, as the server supply chain remains strong. With institutional investors showing increased interest and the company’s strategic focus on key market segments, Chenming Electronic is well-positioned for continued operational growth in the coming months.
