Qili's profit surged 6 times in the first three quarters, PCB and robot orders grew strongly

[Reporter Lin Jinghua/Taipei Report] Pneumatic and electronic control automation components factory Qili (4555) announced its third quarter financial report for 2026, with single-quarter revenue of NT$532 million, an annual increase of approximately 30.8%, and a quarterly increase of approximately 8 .1%; cumulative revenue in the first three quarters was 1.43 billion yuan, an annual increase of 18.41%, reaching 89% of last year's full year revenue of 1.60 billion yuan; cumulative after-tax net profit was 69 million yuan, an annual increase of 604.38%, EPS 0.80 yuan, a significant increase compared with last year’s loss.

Qili's revenue growth accelerated quarter by quarter this year, with annual growth of approximately 7% in the first quarter, approximately 17% in the second quarter, and further increased to approximately 31% in the third quarter. Qili said that the growth is mainly due to the continued increase in demand for PCB testing equipment and automation industries, which has led to an increase in sales of precision metal components and pneumatic components. In particular, the Zhejiang Pinghu plant, which focuses on precision metal manufacturing, has become an important engine for the group's operational growth. Its product applications include PCB equipment components, robot structural parts and automotive industry machinery components, etc., and has maintained double-digit growth in the past three years.

Qili pointed out that the main PCB or robot customer groups are currently in fast-growing industries, and the visibility of related orders is also higher than that of pneumatic components. The current revenue ratio of pneumatic and non-pneumatic business is about 55:45. It has gradually extended from traditional pneumatic components to areas such as electronic control sensing and precision metal components, further expanding the application customer base.

In terms of profitability, in recent years, Qili has continued to promote product design optimization, production centralization and high value-added product layout, and has optimized its product sales mix. Gross profit margin increased to approximately 32% in both the third quarter and the second quarter. However, due to the increase in marketing expenses in the third quarter due to the increase in exhibitions, as well as the impact of external losses such as adjustments to the organizational investment structure and differences in business tax assessments, the single-quarter EPS performance in the third quarter was not as good as in the second quarter. We will continue to adjust our product portfolio, improve production efficiency, and strengthen management and control of related costs and expenditures.

According to the legal person, Qili's revenue growth rate has expanded quarter by quarter this year, with the proportion of non-pneumatic business increasing to 45%, and gross profit margins stably maintaining above 30%. The adjustment of product and customer group structure is gradually reflected in operating performance; with the continued infusion of PCB equipment orders, and the expansion of revenue contribution from new products such as electronic control sensing, coupled with the gradual convergence of operating expenses and external fluctuations, the overall profit quality is expected to be further improved.