Revenue Soars, Orders Full: This Auto Parts Company Sees Huge Shipping Surge!
Jianlin Co., Ltd. (2228) reported a consolidated revenue of NT$1.282 billion for the first quarter, marking a year-on-year increase of 3.79%. The strong performance in shipping knee and side airbags, air curtains, and pre-stretched seat belt precision conduits helped maintain overall capacity utilization at a high level, resulting in a pre-tax profit of NT$205 million and a post-tax profit of NT$146 million, with earnings per share (EPS) reaching NT$1.84.
Excluding last year’s deferred tax benefit of NT$127 million due to earnings transfer in their mainland subsidiary, Jianlin's Q1 EPS outperformed the previous year’s level. The company noted that as regulations in various countries require an increasing number of airbags per vehicle, steady demand for their key products has led to an 85% revenue contribution from the automotive division, showcasing ongoing growth potential.
