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Hua Hsin's Q1 Profit Surges to NT$2.13 Billion, Reaching a 9-Year High with a 4% Stock Price Increase

Hua Hsin's Q1 Profit Surges to NT$2.13 Billion, Reaching a 9-Year High with a 4% Stock Price Increase

Hua Hsin (4979) recently announced that its net income for Q1 2023 reached NT$2.13 billion, marking a 105% year-on-year increase. The EPS reached NT$1.52, the highest quarterly profit in nearly nine years. The stock price peaked at NT$155 on the 25th, closing up 4.93% at NT$149, with a trading volume of 26,000 shares.

According to reports, Hua Hsin has showcased exceptional market performance lately, particularly in day trading, with the proportion of day trade transactions accounting for 70.77% of total trading volume over the last six trading days. It has been designated as a watch stock since the 17th, maintaining this designation for three consecutive days while needing to submit its March self-estimated revenue.

Additionally, Hua Hsin reported a self-estimated net income of NT$81 million for March, up 102.5% year-on-year, with an EPS of NT$0.58. As demand for AI market grows, Hua Hsin remains optimistic about its operations, holding significant capabilities in silicon photonics, LiDAR, and heat-assisted magnetic recording.