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Feng Hsin August Revenue Up 9.7% Despite Margin Pressure in Steel Market

Non-Energy Minerals · Steel · economic_daily · 2026-09-09

2015

Feng Hsin reported a 9.7% revenue increase for August, but profits declined due to intense price competition and rising costs in the steel sector.

What Happened

Revenue vs. Profit: Feng Hsin's August revenue rose 9.7% to NT$2.3 billion, while pre-tax profit fell 25% to NT$155 million, highlighting a divergence between top-line growth and bottom-line pressure.

Market Challenges: The company faces significant headwinds from price competition, rising costs, and domestic real estate credit controls, which have dampened demand for steel reinforcement bars.

Cumulative Performance: Despite the monthly profit dip, cumulative pre-tax profit for the first eight months reached NT$2 billion, an 11% increase compared to the same period last year.

Industry Outlook: Domestic steel demand remains sluggish as construction projects face delays due to labor shortages and market uncertainty.

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