Zhen Yu Hardware posts record July revenue of NT$220 million as typhoon demand and store expansion lift sales

Zhen Yu Hardware (2947.TW) reported record July revenue of NT$220 million, about $6.8 million, up 8.02% from June and 10.89% from a year earlier, as typhoon-related demand for waterproofing and repair products combined with store expansion to lift sales. Cumulative revenue for the first seven months reached NT$1.41 billion, about $43.7 million, up 7.71% year on year. The company also said first-half consolidated revenue rose 7.14% to NT$1.19 billion, operating profit increased 9.38% to NT$56.12 million, and net profit after tax climbed 9.08% to NT$41.6 million, with earnings per share of NT$1.78. July demand was boosted by back-to-back typhoons that spurred spending on roof leak repairs, exterior wall patching and home safety checks, with paint and waterproofing sales rising 21.61% year on year. Expansion in northern Taiwan also gained traction, with the region's July revenue up 36.1% from a year earlier. After opening its Kaohsiung Renwu store on Aug. 1, Zhen Yu's network reached 98 stores, with Hsinchu Zhudong scheduled to open on Sept. 19 and bring the total to 99 as the company nears its 100-store target. Management said memberships, digital retail initiatives and new store contributions remain key growth drivers. Membership reached 716,000 at the end of July, up 13.06% year on year, and members accounted for 53.1% of revenue, while average spending per member was 20.6% higher than for non-members.

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