Fortune Electric, one of Taiwan’s leading heavy electrical equipment manufacturers, delivered mixed second-quarter results as benefits from Taiwan Power Company’s massive grid resilience program were partially offset by trade tariff impacts on US exports.
The Taipei-based company, founded in 1969, reported second-quarter earnings per share of NT$2.23 ($0.069), down from NT$3.11 ($0.096) a year earlier, as it absorbed portions of newly imposed tariffs and recorded foreign exchange losses. Revenue for the quarter reached NT$60.73 billion ($1.88 billion), while operating profit totaled NT$15.01 billion ($464 million).
Despite the quarterly earnings decline, Fortune Electric achieved record first-half performance with combined revenue of NT$104.95 billion ($3.24 billion) and net income of NT$16.51 billion ($510 million). First-half earnings per share improved to NT$5.23 ($0.162) from NT$5.20 ($0.161) in the previous year.
The company’s performance reflects Taiwan’s accelerating investment in power infrastructure. Taiwan Power Company announced a decade-long NT$564.5 billion ($17.5 billion) grid resilience plan following widespread blackouts that exposed vulnerabilities in the island’s centralized power system.
Fortune Electric has been navigating tariff complications on US exports since November. The company agreed to absorb 25-50% of additional import duties during a 90-day grace period, with customers covering the remainder. According to company statements, tariff impacts reduced gross margins by less than 3%.
The firm identified several growth drivers including Taiwan Power’s infrastructure upgrades, global energy transition initiatives, 2050 net-zero commitments, US power infrastructure development, and expanding artificial intelligence industry demand.
