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Yehui Reports Q3 Loss Despite Profitable Core Steel Operations
Non-Energy Minerals · Steel · economic_daily · 2026-11-04
2023
Yehui, a major galvanized steel manufacturer, reported a net loss of NT$1.97 billion for the first three quarters due to significant losses from its investments.
What Happened
Core Business Performance: Yehui reported consolidated revenue of NT$49.4 billion for the first three quarters, with an operating profit of NT$465 million. While the core steel business remains profitable, it faces ongoing pressure from intense market competition and narrowing product margins.
Drivers of Net Loss: Despite the operating profit, the company recorded a substantial non-operating loss of NT$2.56 billion. This led to a net loss attributable to the parent company of NT$1.97 billion, translating to a loss per share of NT$1.08.
Investment Challenges: Market analysts highlight that Yehui's equity-method investments, including Yieh United Steel, are struggling with weak demand and low-priced imports. These underperforming investments have become a significant drag on the company's overall financial health.
Future Outlook: The company's ability to return to profitability depends on a recovery in the steel sector and improved performance from its subsidiaries. Until non-operating losses are effectively managed, the company's bottom line remains vulnerable despite its profitable core operations.