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崇友 Revenue Hits Record High in September on Elevator Replacement Demand
Producer Manufacturing · Industrial Machinery · economic_daily · 2026-10-06
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Elevator manufacturer Chong Hong (崇友) reported a record-breaking September revenue of NT$698 million, driven by new installations and replacement projects.
What Happened
Revenue Performance: Chong Hong reported September revenue of NT$698 million, a 29.2% year-over-year increase, setting a new monthly record and bringing year-to-date revenue to a record high.
Growth Drivers: The record performance was primarily driven by the completion and recognition of new elevator installations, alongside strong growth in the elevator replacement business.
Business Structure: The company's focus on the replacement and modernization market has become a key revenue pillar, providing stability against fluctuations in the new construction sector.
Future Outlook: With a solid backlog of orders scheduled for recognition, analysts remain optimistic about the company's ability to maintain steady growth supported by ongoing demand in the construction industry.