Topco Scientific announced impressive first-quarter results for 2024, with revenues hitting 11.93 billion yuan and net profits for the parent company reaching NT$775 million, an increase of 22.3% over the previous quarter. This marks a significant year-on-year improvement of 4.7%, setting a new record for both net profit and earnings per share (EPS) during the same historical period, with EPS rising to NT$4.11.
The company highlighted a gross profit margin of 14.1%, the highest in recent years, driven by a series of environmental protection projects. Chongyue’s clientele includes major high-tech and semiconductor companies across Singapore, Vietnam, and Malaysia, with recent expansions to Japanese markets. These projects focus on advanced environmental engineering applications such as wastewater treatment and cleanroom technologies.
In response to the semiconductor industry’s surge, especially with high-performance computing (HPC) and AI, the demand for semiconductor materials like silicon wafers and photoresists has significantly increased. This has led to a record revenue of NT$4.68 billion in April alone—a 13.1% increase from March and an 18.5% rise year-on-year.
Looking forward, Topco is investing NT$1.5 billion to expand its third factory in Puzi, Chiayi, which was completed last month. This expansion is set to boost the company’s production capacity by 50% starting early 2025. Additionally, Topco is diversifying its offerings by entering the CoWoS material market, developing new materials for advanced packaging technologies, including those used in AI applications.
With the semiconductor sector showing signs of a robust recovery post-2024’s first quarter, Topco Scientific is poised for continued growth and innovation, ensuring it remains at the forefront of the industry’s advancements.
