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Merry Electronics Completes Capital Reduction, Boosting Book Value Ahead of Q3 Peak Season
Electronic Technology · Electronic Components · cnyes · 2026-08-24
2439
Merry Electronics (2439) has finalized its share cancellation, lifting book value per share to 67.515 TWD, while anticipating strong Q3 growth from new mobile and speaker orders.
What Happened
Capital Reduction Success: Merry Electronics (2439) has successfully completed the cancellation of treasury shares and restricted employee stock, a move officially approved by regulators. This capital reduction has lowered the company's paid-in capital to 2.486 billion TWD and increased the book value per share from 66.183 TWD to 67.515 TWD.
Strong Q3 Growth Outlook: The company is entering its traditional peak season, driven by volume shipments of speakers for new US-brand smartphones and steady demand for speaker products. Management expects both quarterly and year-over-year revenue growth for the third quarter, citing high visibility in current market demand.
Segmented Product Performance: Growth is expected to be led by the speaker and battery divisions, with speaker shipments benefiting significantly from new European client production. While Audio headphones are expected to grow due to M&A synergies, TWS headphone sales are projected to decline year-over-year, keeping the overall headphone segment flat compared to the previous year.
Cautious Fourth Quarter Outlook: Despite a strong third quarter, Merry Electronics remains conservative regarding Q4 performance due to macroeconomic uncertainties. Factors such as ongoing conflicts in the Middle East, high energy prices, and US interest rate policies have led clients to adopt a more cautious approach to their year-end procurement.