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Harvatek Shares Hit 16-Year High Despite 62% Drop in August Net Profit
Electronic Technology · Electronic Components · economic_daily · 2026-09-21
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LED packaging firm Harvatek reported a 62% year-over-year decline in August net profit to NT$4 million, yet its stock surged to a 16-year high.
What Happened
Financial Disclosure: LED packaging manufacturer Harvatek disclosed its August financial results following a surge in stock price that triggered regulatory monitoring. The company reported consolidated revenue of NT$221 million, up 19% year-over-year, while net profit fell 62% to NT$4 million, resulting in earnings per share of NT$0.02.
Quarterly Performance: In the second quarter, Harvatek recorded consolidated revenue of NT$582 million, a 7% increase from the previous year. Net profit for the same period reached NT$30 million, marking a 236% year-over-year growth with earnings per share of NT$0.15.
Market Rally: Despite the weak monthly profit figures, Harvatek's stock demonstrated significant strength, hitting its third consecutive daily limit-up on the 21st. The stock closed at NT$42.70, a 9.91% gain, reaching its highest level in 16 years with trading volume exceeding 11,000 shares.
Growth Drivers: Analysts attribute the stock's robust performance to interest in niche market themes and buying pressure related to group-level window dressing. The company continues to maintain a strong bullish trend as investors react to these strategic developments.