AMAX-KY Reports 51-Fold September Profit Growth and Briefly Hits Limit-Up

Highlights

AMAX-KY (艾瑪斯科技, 6933-TW) reported September after-tax net profit of NT$104 million, up 51-fold year over year, and earnings per share of NT$2.45, up 60.25-fold. Its shares rose during trading on the 27th, reaching the limit-up price of NT$415.5 before the limit-up was lifted. Third-quarter revenue was NT$4.224 billion, while after-tax net profit totaled NT$304 million. The company attributed business momentum to strong demand in Asian and U.S. markets. Capacity expansion at its Zhongli plant is expected to double the facility’s existing capacity when completed. AMAX-KY is targeting four markets related to AI infrastructure and advanced computing.

Sentiment Analysis

• Overall sentiment: Positive, with some market caution. The reported September and third-quarter results show substantial year-over-year increases in revenue, net profit, and earnings per share. These figures, alongside the company’s account of strong demand in Asia and the United States, provide the article’s principal positive signals.


• Share-price response: The stock opened higher, touched its limit-up price, and remained sharply higher by midday, according to the report. However, the limit-up status did not persist, and the article also notes that major institutional investors had a combined net sale of 196 shares last week. These details temper the otherwise favorable picture.


• Outlook: Capacity additions and the company’s focus on four AI-related markets offer potential for continued expansion, but the report describes expected contributions rather than guaranteed outcomes. The sentiment is therefore predominantly positive, based on recent earnings and demand, while future growth remains subject to execution and market conditions.

Article Text

AMAX-KY (艾瑪斯科技, 6933-TW) reported strong September earnings, supported by demand in Asian and U.S. markets. The company’s self-reported figures showed after-tax net profit of NT$104 million for the month, an increase of 51-fold compared with the same period a year earlier. Earnings per share reached NT$2.45, up 60.25-fold year over year. The results coincided with a rise in the company’s share price during trading on the 27th.

The stock opened at NT$411.5 and advanced during the morning session to NT$415.5, its limit-up price. The limit-up was subsequently lifted. By midday, the share price was reported at NT$400, still more than half a limit-up move higher, and had moved back above both its 5-day line and monthly moving average. Trading volume exceeded 2,000 shares. The report also noted that the three major institutional investor groups had recorded combined net selling of 196 shares in the previous week.

The company’s September revenue was NT$1.428 billion, representing year-over-year growth of 2.29-fold. Alongside the NT$104 million in after-tax net profit, September earnings per share were NT$2.45. The company’s reported year-over-year increases for net profit and earnings per share were 51-fold and 60.25-fold, respectively. These results indicate a substantial improvement from the corresponding period a year earlier, although the article does not provide further detail on the factors behind each financial line item.

AMAX-KY also reported third-quarter revenue of NT$4.224 billion, up 2.05-fold year over year. After-tax net profit for the quarter totaled NT$304 million, an increase of 24.33-fold, while earnings per share were NT$7.16, up 23.69-fold from a year earlier. Taken together, the monthly and quarterly figures show that the company recorded significant year-over-year growth across revenue and profitability during the periods described.

The company said it continues to benefit from strong demand in Asian and U.S. markets and is gradually increasing production capacity. Expansion work at its Zhongli plant in Taiwan is expected to be completed this quarter. AMAX-KY anticipates that the additional capacity will begin contributing from the end of this year to early next year. Once the expansion takes effect, the Zhongli facility’s capacity is expected to be double its current level. The planned doubling of Zhongli capacity is a key part of the company’s near-term operational outlook, but its contribution is expected to begin only after the expansion is completed.

AMAX-KY says it will continue to focus on four target markets: NeoCloud infrastructure, enterprise on-premises and private AI infrastructure, advanced computing platforms, and AI data-center construction. These areas connect the company’s stated market strategy with demand for computing infrastructure and related systems. The article identifies the markets as priorities but does not quantify their individual shares of revenue or specify separate timelines for each.

Overall, the report presents a combination of strong recent financial growth, a notable share-price rise, and planned capacity expansion. It also includes details that provide context for investors, including the stock’s retreat from its limit-up price and institutional net selling during the previous week. The company’s anticipated growth depends in part on completing the Zhongli expansion and converting demand across its four target markets into business activity.

Key Insights Table