Reported 12 months ago
Chang Sheng Technology (3492), a manufacturer of automotive connectors, reported a first-quarter EPS of 0.37 on July 3, 2024, marking a significant improvement and a return to profitability compared to the previous year. With automotive customer demand stabilizing, the company anticipates better performance in the second half of the year. Chang Sheng's revenue reached a new high in recent years, and its main focus is on high-end automotive audio/visual module connectors. Despite uncertainties in order visibility for the upcoming months, the company is optimistic about a strong second-half performance based on historical trends. Additionally, Chang Sheng is exploring opportunities in the biomedical field by applying its connector transmission technology, but this segment's revenue contribution is currently limited. The company operates under a dual-mode order system in Taiwan and locally and has production facilities in China and Vietnam, with a strong presence in the automotive connector market.
Source: YAHOO