Yongfeng Financial (2890) held its first quarter conference today, announcing an EPS of NT$0.57, setting a new record. CEO Zhu Shiting remarked that there is still a chance to earn over NT$2 this year, citing recent market changes as surprising and challenging. He noted that if the TWD appreciates by 10%, the impact on net worth would be only about 1%.

Zhu emphasized that the TWD rose 6.2% in just two days, leading the financial market from surprise to shock. The TAIEX dropped by 6,600 points but rebounded to 20,580 today. Investors are facing unprecedented volatility, with both the equity and bond markets reacting similarly, as the yield on ten-year government bonds increased by 60 basis points over a short period.

Additionally, Yongfeng Financial reported a net profit of NT$7.2 billion for the first quarter, growing 4.2% year-on-year. Its net value is NT$16.83 per share, with an annualized ROE of 13.95%. Zhu also discussed the merger progress with Jingcheng Bank, stating that a submission was made to the Financial Supervisory Commission on April 7, and hopes to complete the merger before the fourth quarter.