News / Taiwan / cnyes
RFID Provider Weqiao Posts Strong H1 Results with Record-High August Revenue
Electronic Technology · Electronic Components · cnyes · 2026-09-09
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RFID solution provider Weqiao reports robust H1 earnings and record-breaking August revenue, driven by recovery in medical demand and new manufacturing efficiencies.
What Happened
Strong Financial Performance: Weqiao reported H1 2026 revenue of NT$934 million and an EPS of NT$3.62, reflecting significant year-over-year growth. August revenue reached NT$171 million, the second-highest in company history, highlighting the successful ramp-up of its new production facility.
Growth Drivers: The company's new BLE TAG products for Ambient IoT are expected to see exponential shipment growth in the second half of the year. Management anticipates that Q3 revenue will set a new record, with full-year revenue likely exceeding the 2025 peak.
Japan Market Strategy: Leveraging support from its major shareholder, Siward Crystal, Weqiao plans to enter the Japanese medical market. By utilizing Siward's existing local infrastructure, the company aims to establish production lines and achieve mass production by 2028.
Long-term Outlook: Analysts project a full-year 2026 EPS between NT$7 and NT$7.5, with the company targeting to earn a full share of capital by 2027. The combination of recovering medical demand and international expansion provides a clear path for sustained growth.