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Rexon Industrial Returns to Profit with $0.47 EPS, Announces Asset Divestiture in Taichung
Producer Manufacturing · Industrial Machinery · economic_daily · 2026-11-04
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Rexon Industrial reported a return to profitability for the first nine months of the year, while its board approved the sale of the Taichung Tucheng plant to optimize assets.
What Happened
Financial Performance: Rexon Industrial reported consolidated revenue of NT$3.705 billion for the first nine months, achieving a net profit of NT$85 million and turning a profit compared to the previous year. With earnings per share at NT$0.47, the company has demonstrated a clear recovery, maintaining profitability for three consecutive quarters.
Asset Optimization: The company's board of directors has authorized the disposal of land and buildings at the Taichung Tucheng plant to improve asset utilization efficiency. This strategic move is intended to streamline the company's capital structure and better align with its broader operational goals.
Business Growth: Rexon is making strides in its new electromechanical business, with drone power systems now moving from the certification phase to mass production. While currently a small portion of revenue, these systems are viewed as a significant long-term growth driver alongside the company's expanded production capacity in Thailand and Vietnam.
Market Outlook: Entering the traditional peak season for fitness equipment and industrial products, Rexon saw its September revenue hit a ten-month high. The company is now aggressively pursuing Q4 orders to ensure both annual revenue and core operating profits show consistent year-over-year growth.