News / Taiwan / economic_daily
Up Young Reports Q3 Results; Indonesian Expansion Set for November Launch
Consumer Durables · Electronics/Appliances · economic_daily · 2026-11-09
6728
Taiwanese HVAC and laundry equipment distributor Up Young reported an EPS of 6.72 TWD for the first three quarters, with plans to open its first Indonesian store by late November.
What Happened
Financial Performance: Up Young reported a net profit of 202 million TWD for the first nine months, representing a 14.0% year-on-year decline, with an EPS of 6.72 TWD. While revenue reached a record high of 3.814 billion TWD, profitability was pressured by shifts in the gross margin structure of large-scale commercial HVAC projects and increased operational expenses.
Operational Costs: The company attributed the profit dip to strategic investments in new business channels, brand marketing, and expansion into Southeast Asian markets. Management expects that as these new ventures achieve economies of scale, the overall profit structure will improve in the coming periods.
Revenue Drivers: Third-quarter revenue grew 32.1% year-on-year to 1.339 billion TWD, driven by strong shipments of HVAC projects. October revenue remained steady at 380 million TWD, bringing the cumulative ten-month revenue to 4.194 billion TWD, a 9.97% increase compared to the same period last year.
International Expansion: Up Young is accelerating its Southeast Asian footprint, with its first self-service laundry store in Indonesia slated for a late November opening. The company is also expanding its laundry services into campus and luxury hotel segments, aiming to capitalize on the peak autumn and winter laundry season to boost Q4 results.