Panjit August revenue rises 29.81% to record NT$1.376 billion

  • Panjit International reported record August revenue of NT$1.376 billion.
  • Eight-month revenue reached NT$10.201 billion, up 18.10% year-over-year.
  • State-owned banks net sold 808,000 Panjit shares on the 10th.

Panjit International reported August revenue of NT$1.376 billion, or approximately $43.5 million, up 29.81% year-over-year and a record for the same period. Revenue for the first eight months reached NT$10.201 billion, or approximately $322.4 million, up 18.10% and also setting a period record. August revenue fell 4.89% from July's all-time high of NT$1.447 billion, or approximately $45.7 million, but remained elevated as demand for AI server and automotive power components stayed strong. Taiwan's eight major state-owned banks nevertheless sold a net 808,000 Panjit shares worth approximately NT$120 million, or $3.8 million, placing the company 10th among listed stocks by net selling. Panjit said AI-related applications represented approximately 11% of first-half revenue, with Power MOSFET products adopted by cloud service provider customers. The company expects AI's revenue contribution to rise from 7% to 8% last year to 10% to 15% this year, while automotive-grade products could exceed 40%. First-half net profit rose 35.5% to NT$836 million, with gross margin increasing to 33%, as higher-margin AI and automotive products improved the mix. Institutional investors expect full-year AI-related power-component revenue could potentially double as customer products enter volume production, prices rise and product mix improves.

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