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Sheh Kai Precision's Full-year EPS Expected to Grow More Than 10%

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2023-11-27

Sheh Kai Precision specializes in the manufacturing of bi-metal screws. Its self-tapping screws are suitable for locking solar panels, with gross profit margins as high as 45%. In the past two years, demand from Europe has been booming, and major customers have continued to place large orders. Sales has increased by about 70% compared with the same period last year, which has led to significant growth in the company's overall revenue, gross profit margin, and profit.

The company pointed out that the fastener industry is facing a recession, so wire rod revenue has dropped by about 50% year-on-year. However, driven by self-tapping screws, the screw products have grown by about 20%, helping to increase the overall gross profit margin.

In the first three quarters so far, the net profit after tax reached NTD 211 million, and EPS has reached NTD 4.26, an increase of more than 10% from NTD 3.75 in the same period last year. Looking at the market outlook, the company's current order book is full up to the first quarter of next year, Therefore, it will maintain a good profit level in the fourth quarter. If shipments for existing orders are made as scheduled, EPS is expected to exceed NTD 5, setting a new high.

世鎧

複合螺絲

尖尾螺絲

太陽能板

歐洲市場

每股盈餘

Sheh Kai

bi-metal screw

self-tapping screw

solar panel

European market

EPS