Linkcom Manufacturing Co., Ltd

LinkCom Manufacturing Co., Ltd. (6821) today announced its consolidated revenue for Q3 2024, reaching 162 million NTD, a quarterly increase of 28%, with an operating profit of 11.71 million NTD, up 246%. Despite the impact of the appreciation of TWD and RMB against USD, net profit after tax for Q3 was 6.66 million NTD, and EPS was 0.21 NTD. Excluding an exchange loss of 5.29 million NTD, EPS would reach 0.38 NTD, showing growth compared to Q2.

 

LinkCom continues to invest in expanding its wireless charging product line with stylish ID designs, multi-functional structures, and R&D talent to meet market demand. Its magnetic components business is also growing steadily. Effective cost and management controls have kept the gross margin at 34%, with Q3 operating profit reaching 11.71 million NTD.

 

According to Research Nester, wireless charging is expected to grow across diverse fields such as industrial, household, medical, and automotive applications, with a projected compound annual growth rate of 23.1% from 2024 to 2036, reaching 110.09 billion USD by 2036. This trend offers favorable conditions for expanding LinkCom's wireless charging business. LinkCom is broadening its product line, including the new Ki standard for small appliances like rice cookers, toasters, blenders, coffee machines, and air fryers, which could boost order momentum.

 

Looking into Q4 2024, LinkCom maintains a cautiously optimistic outlook. With investments in network infrastructure in Europe, the U.S., and India, as well as the Wi-Fi 7 upgrade trend, the demand for its magnetic components from major network communication clients is expected to grow. Additionally, LinkCom is optimizing production and supply chain for wireless charging to expand into diverse applications, paving the way for further business growth.

 

Reported by Lin Ting-Jia

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