Sino-American Silicon Products Inc. (5484:TT, SAS) today (8/8) held the Board meeting and approved its financial statements for Q2 2025. Q2 2025 consolidated revenue totaled NT$20.23 billion with 4.4% QoQ and 1.7% YoY; gross profit margin of 25.3%, operating profit margin of 14.0%; net income of NT$1.73 billion; net income margin of 8.5%; net income attributed to the parent company of NT$0.72 billion; net income attributed to the parent company margin of 3.6%; and EPS of NT$1.17. SAS’ semiconductor subsidiary, GlobalWafers (6488:TT, GWC), Q2 2025 consolidated revenue totaled NT$16.01 billion, gross profit margin of 25.8%; operating profit margin of 15.2%; net profit of NT$1.68 billion and net profit margin of 10.5%; EPS of NT$3.52. Revenue for the second quarter of 2025 marked the third-highest for the respective periods in history.
Regarding the first half of 2025 consolidated financial results, SAS cumulative consolidated revenue totaled NTD$39.60 billion with 0.04% YoY; gross profit margin of 25.7%; operating profit margin of 14.5%; net profit of 3.53 billion; net profit margin of 8.9%; net income attributed to the parent company of 1.45 billion; net income attributed to the parent company margin of 3.7%; EPS of NT$2.37. SAS’ semiconductor subsidiary, GlobalWafers cumulative consolidated revenue in the first half of 2025 achieved NTD$31.6 billion with 3.9% YoY; gross profit margin of 26.1%; operating profit margin of 15.9%; net profit of NT$3.14 billion; net profit margin of 9.9%; EPS of NT$6.56. SAS’s consolidated revenue achieved the second-highest level on record in the first half of 2025.
SAS’s diversified strategy continues to support Group-wide revenue performance. In Q2 2025, affiliated companies’ earnings performance: Actron Technology Corporation (Actron, 8255:TT) revenue totaled NT$2.16 billion, EPS of NT$0.38. Advanced Wireless Semiconductor Company (AWSC, 8086:TT) revenue totaled NT$0.97 billion, EPS of NT$0.50. Taiwan Speciality Chemicals Corporation (TSC, 4772:TT) revenue totaled NT$0.26 billion, EPS of NT$0.79.
SAS Initiates Organizational Optimization: Manufacturing and Services Drive Dual Growth
In response to the global energy transition and the surging corporate demand for green energy, SAS has embarked on organizational optimization. This act clearly delineates its manufacturing and services sectors, paving a clearer path for future growth. The solar cell manufacturing business will be spun off into a newly established subsidiary, Sustainable Sunrise Co., Ltd. (SUN), while power plant and green energy services will be managed by Susen Green Energy Co. Ltd. (Susen, formerly Sunrise PV Three Co., Ltd.). Both companies are 100% held by SAS, allowing each entity to focus on its core business, formulate optimized growth strategies, and enhance responsiveness to market and customer demands.
Susen Green Energy: Builds a One-Stop Renewable Energy Platform
To further bolster operational efficiency and pre-empt future competitiveness, SAS’s board of directors today approved several organizational optimization proposals, laying the groundwork for the company to maintain its lead in the rapidly evolving energy market. Through this series of organizational adjustments, Susen will be established as a comprehensive renewable energy services platform, fully encompassing green power-related services—from development and power sales to energy storage and energy conservation—to build an all-encompassing smart energy ecosystem.
- Dual Focus on Energy Storage and Energy Conservation: Expanding Energy Services
To facilitate business expansion, Susen has jointly established SUC Energy Storage Co. Ltd. with Billion Watts Technologies and SUF Energy Saving with Sky-tech Engineering. SUC will specialize in energy storage system services, while SUF will focus on deep energy efficiency. This further expands the group’s presence in the smart energy services market, aiming to capture new opportunities in the energy transition.
- Integrating Power Sales Services to Enhance Green Energy Synergy
Through this organizational restructuring, Susen will integrate Sustainable Energy Solution (SES), and Anneal Energy (Anneal), consolidating the group’s green energy service resources to create a complete renewable energy service platform.
- Building a Complete Green Energy Ecosystem: Impressive Green Power Transaction Results
With the completion of various organizational and equity adjustments, Susen is progressively building a complete renewable energy services platform, including: SES, which specializes in Type 1 project development and serves the electronics and semiconductor industries; and Anneal, which focuses on Type 3 project development, with clients spanning the service, telecommunications, and finance sectors. These entities offer diverse renewable energy development, green power procurement matching, and other versatile green services. SUC develops energy storage services, SUF provides energy technology services (ESCO) to help clients improve energy efficiency, and Hsu-Hsin branch (SPW) is responsible for project operation and maintenance services. Notably, the renewable energy power sales initiative has yielded impressive results. Anneal and SES have so far integrated over 900 power plants, with signed orders exceeding 16 billion kWh. As of the end of June, they have helped clients cumulatively acquire over 80,000 Renewable Energy Certificates (RECs) this year, demonstrating SAS’s robust capabilities in green power integration and delivery.
Looking ahead to the second half of 2025, SAS will continue to deepen its renewable energy business. The aforementioned comprehensive green service ecosystem will inject growth momentum and a long-term competitive advantage into the group. In the semiconductor sector, GlobalWafers leverages its global presence and localized supply capabilities to navigate challenges posed by macroeconomic headwinds and trade policy uncertainties, while still benefiting from key application drivers such as AI and high-performance computing, demonstrating strong growth potential. Remarkably, Apple and GWC subsidiary GlobalWafers America (GWA) recently announced a new partnership to drive U.S. fab demand for advanced silicon wafers produced at GWA. American chip fabs will use GWA’s 300mm wafers to produce chips for iPhone and iPad devices sold in the U.S. and around the world. The new partnership and Apple’s new investments in the United States will help support the purchase of GWA’s advanced silicon wafers and bolster the U.S semiconductor supply chain in line with President Trump’s priority to grow the U.S. manufacturing.
Concurrently, group affiliates Actron and TSC have also delivered strong results, with double-digit year-on-year revenue growth in the first half of 2025. Group affiliates AWSC’s operational performance is expected to outperform the first half in the second half of the year, benefiting from a rebound in demand for China mobile phones and increased stocking of flagship models from US brands. SAS continues to expand its operational reach. Through affiliate TSC, it has acquired a 65.22% stake in Hung Jie Technology for nearly NT$3 billion. This move strategically positions SAS in semiconductor equipment parts ultra-clean cleaning and regeneration services, strengthening high-end process support and expanding its global semiconductor business footprint. Leveraging its expertise and extensive experience, SAS consistently creates synergies through precise investments and the diversified growth of its affiliates. This allows SAS to build a complete and competitive industrial chain layout, steadily driving the group’s sustainable future growth.