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Tongtai Machine & Tool Co., Ltd. (4526) held a board meeting today (9th) and approved the financial statements for the second quarter. Tongtai's consolidated revenue for the first half of the year was NT$2.69 billion, with an operating loss of NT$371,358 thousand. Despite foreign exchange gains and non-operating income of NT$167,232 thousand, the loss could not offset the operating loss caused by the decrease in revenue, resulting in a net loss after tax of NT$246,207 thousand, with an EPS of -NT$0.97. The board also resolved to establish a subsidiary with a capital not exceeding NT$5 million to meet the future adjustment needs of the electronic equipment business division, aiming to enhance the group's competitiveness, operating performance, and shareholder equity.
In response to the rapid growth of the AI market driving the demand for semiconductor equipment, Tongtai has recently been actively expanding its footprint in the semiconductor market. Currently, Tongtai has established a partnership with a leading European semiconductor equipment company to jointly promote technological innovation and market applications. Relevant product validation has been completed, and production and shipment have begun.
Tongtai will hold its second in-house exhibition of the year at the Luzhu headquarters on August 28th. This event will focus on five-axis machining technology, comprehensively showcasing Tongtai Group's solutions and resources. Experts in the field will be invited to discuss the applications and future development of the five-axis machining industry, and supplier partners will also be invited to participate, working with customers to pursue a sustainable future.
