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Lien Chang Returns to Profit with Q3 Earnings; Announces Investment in MiTAC Capital Raise
Process Industries · Chemicals: Specialty · economic_daily · 2026-11-05
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Plasticizer manufacturer Lien Chang reports a return to profitability with a Q3 EPS of 0.45, while announcing a strategic investment of up to NT$619 million in MiTAC's cash capital increase.
What Happened
Financial Results: Lien Chang reported a strong third quarter with a net profit of NT$595 million, bringing its year-to-date EPS to NT$0.76 and marking a successful turnaround from the previous year. The company has maintained three consecutive quarters of profit growth, with Q3 net profit surging over 90% quarter-over-quarter.
Market Strategy: The company is actively expanding its footprint in the US and Indian markets while optimizing inventory levels to mitigate seasonal demand fluctuations. Leveraging its production advantages in Taiwan and Malaysia, Lien Chang has seen success in exporting DINP to the US, with a focus on high-margin automotive applications.
Strategic Investment: Lien Chang announced its participation in MiTAC's cash capital increase, planning to invest up to NT$619 million to maintain its 8.27% stake. The decision reflects confidence in MiTAC's expanding AI server and cloud data center business, with the investment funded entirely by internal cash reserves.
Future Outlook: MiTAC has demonstrated significant growth in revenue and operating margins driven by AI infrastructure demand. Lien Chang intends to continue monitoring raw material costs and market pricing to maintain operational stability while strengthening its presence across South and Southeast Asia.