Focus Stock》Fuqiao: High-end fiberglass cloth keeps rising, investors are crazy about buying goods

Fuqiao's profit jumped this year. (Taken from the official website)

[Reporter Zhuo Yijun/Taipei Report] Fiberglass cloth factory Fuqiao (1815) benefited from the continued rise in high-end fiberglass cloth prices, and the proportion of high-end products increased, driving a jump in profits. In the first three quarters of this year, the net profit after tax was 2.082 billion yuan, an annual increase 394.98%, with earnings per share of 3.41 yuan. Fuqiao is actively expanding production. The first phase of the new factory in Thailand has begun and the production capacity has been fully booked. Mass production is expected in the third quarter of 2027, which is expected to increase revenue and profits simultaneously.

As the Taiwanese stock market plummeted, Fuqiao continued to attract legal investment firms to enter the market. In the past 10 trading days, Fuqiao bought 13,048 contracts. Today, the stock price exceeded the daily limit and regained all moving averages, outperforming the market. As of about 11:23, Fuqiao locked the daily limit, with the price limit of 140.5 yuan. The trading volume exceeded 119,000 contracts, and the number of contracts bought by the daily limit exceeded 60,000.

Fuqiao said that as the demand for AI servers, high-speed switches and 800G or above network equipment continues to upgrade, the shipment proportion of next-generation Low DK2 (high-frequency, high-speed, low-loss materials) products continues to increase. This year, the share of advanced process products in production capacity has been targeted to increase to 70%. Low DK1 and Low DK2 products continue to expand production, and the related benefits are expected to be reflected in revenue and profit performance quarter by quarter.

Fuqiao's first phase of its new factory in Thailand has broken ground, and its production capacity has been fully booked by customers. Fuqiao pointed out that the new factory in Thailand will introduce advanced processes and mainly produce high-end fiberglass cloth products. The applications cover AI servers, low-orbit satellites, IC carrier boards and other related fields, and is expected to be mass-produced in the third quarter of 2027. In the future, it will combine the advantages of the regional supply chain to serve Southeast Asian customers nearby, improve supply chain efficiency and resilience, and is expected to contribute to the group's revenue and profits in the second half of 2027.