Reported 8 months ago
Fullsun Technology (5222), known for having the purest military stocks, reported revenue of 116 million in May 2024, a 4.88% increase from the previous year, and a cumulative revenue of 501 million from January to May, showing a significant 14.77% growth. With current orders worth around 1.25 billion, upcoming peak season for defense unit shipments, and a 30% increase in foreign orders, the company is expected to achieve record-high revenue and profits this year. Fullsun specializes in high-frequency, high-power amplifiers, and microwave technology modules, developing key components used in Taiwan's national defense. It is the first in Taiwan to provide solid-state PA and is now focusing on GaN ultra-high-frequency power SSPA development to replace TWT in the future. Its development aligns closely with Taiwan's defense policy emphasizing 'defense autonomy', with a comprehensive focus on microwave technology research and timely investment in defense applications. The company's main revenue comes from defense units, including an expected 30% growth from strategic cooperation with Israel. The defense industry, being less affected by economic cycles due to the global necessity of strengthening national defense forces, is highlighted by Taiwan's defense procurement spanning 20 years. Fullsun is poised to capitalize on this by expanding its manufacturing facilities. After nearly 25 years of dedicated efforts, Fullsun has become a strategic partner for the Taiwanese defense, particularly with the government's recent focus on defense autonomy. Its wireless microwave technology aligns with the defense strategy of 'asymmetric warfare' involving anti-missile, anti-landing, and drone applications, contributing to Taiwan's visible defense capabilities through continued efforts towards defense autonomy.
Source: YAHOO