Hsinchu, Taiwan, Nov 7, 2025 – Sino-American Silicon Products Inc. (5484:TT, SAS) today (11/7) held the Board meeting to approve its financial statements for the third quarter ended on September 30, 2025 with the consolidated revenue totaled NT$19.08 billion with -5.7% QoQ and -5.2% YoY; gross profit margin of 20.2%, operating profit margin of 8.8%; net income of NT$2.52 billion; net income margin of 13.2%; net income attributed to the parent company of NT$1.05 billion; net income attributed to the parent company margin of 5.5%; and EPS of NT$1.71. SAS’ semiconductor subsidiary, GlobalWafers (6488:TT, GWC) reported consolidated revenue of NT$14.49 billion for the third quarter of 2025, with a gross profit margin of 18.4%; operating profit margin of 8.5%; net profit of NT$1.97 billion and net profit margin of 13.6%; EPS of NT$4.12.

 

Regarding the first three quarters of 2025 consolidated financial results, SAS cumulative consolidated revenue totaled NTD$58.69 billion with -1.7% YoY; gross profit margin of 23.9%; operating profit margin of 12.7%; net profit of NTD$ 6.05 billion; net profit margin of 10.3%; net income attributed to the parent company of NTD$ 2.50 billion; net income attributed to the parent company margin of 4.3%; EPS of NT$4.07. SAS’ semiconductor subsidiary, GlobalWafers cumulative consolidated revenue in the first three quarters of 2025 achieved NTD$46.10 billion with -0.4% YoY; gross profit margin of23.6%; operating profit margin of 13.6%; net profit of NT$5.11 billion; net profit margin of 11.1%; EPS of NT$10.68.

 

Since the beginning of the year, the New Taiwan dollar (NTD) has experienced significant fluctuations against the U.S. dollar (USD). The currency appreciated notably in the first half of the year before gradually weakening after August, continuing to exert pressure on revenue reported in NTD terms. In U.S. dollar terms, SAS reported consolidated revenue of USD 0.64 billion for the Q3 2025, representing a 2.0% QoQ decline and a 3.1% YoY increase. However, when translated into NTD, revenue showed a decline, reflecting the impact of currency appreciation on the reported figures. For the first three quarters of 2025, cumulative consolidated revenue reached USD 1.88 billion, up 1.1% YoY. In contrast, revenue in NTD terms recorded a slight 1.7% decrease. Overall, the appreciation of the NTD has had a noticeable effect on reported revenue, while operational performance in U.S. dollar terms remained stable.

 

Under the U.S. Inflation Reduction Act (IRA) and related origin-tracing policies, manufacturing traceability has become a key focus in the global solar market. As rules governing country-of-origin determination and import tariffs grow increasingly stringent, the U.S. has resumed anti-dumping and countervailing duty measures on solar products rerouted through third countries. This has further heightened market attention to supply chain transparency and post-sale warranty support. Against this backdrop, Taiwan’s solar module manufacturers holding Verified Product Certificate (VPC) are expected to benefit from a new wave of demand in the U.S. market. Leveraging its extensive renewable energy experience and strong manufacturing expertise, SAS is actively expanding its international footprint. Its solar cell products have successfully passed overseas customer validation and are expected to increase shipments steadily.

 

In the renewable energy sector, Taiwanese enterprises are demonstrating strong demand for green power, which has become a crucial driver of their sustainability transformation. In response, the SAS Group continues to strengthen its comprehensive green service platform, taking concrete actions to expand its renewable energy footprint. Its one-stop renewable energy service platform, Susen Green Energy Co., Ltd. (SGE), recently achieved another milestone. SGE’s subsidiary, Sustainable Energy Solution (SES), signed a 10-year renewable power purchase agreement (PPA) with Amkor Technology, a leading global semiconductor packaging and testing company, totaling 780 million kWh of solar power to be supplied starting in 2026. This collaboration marks a new chapter in corporate renewable energy partnerships. As of the end of September, SGE has accumulated more than 18 billion kWh in total contracted green power. SES and Anneal Energy (Anneal), SGE’s subsidiaries specializing in green power trading, have integrated over 1,500 solar power plants with a combined installed capacity of approximately 680 MW, enabling the stable annual supply of nearly 700 million kWh of green electricity to corporate clients. In 2025 alone, SES and Anneal assisted their customers in securing over 120,000 Renewable Energy Certificates (RECs), further supporting enterprises in advancing toward their RE100 targets.

 

Among affiliated companies, Taiwan Specialty Chemicals Corporation (TSC, 4772:TT) acquired a 65.22% stake in Hung Jie Technology Corporation (Hung Jie, unlisted) and consolidated it into its financial statements from August. The acquisition marks TSC’s strategic expansion into Ultra-High Purity (UHP) cleaning and refurbishment of equipment components for the semiconductor industry. TSC reported Q3 revenue of NT$640 million, a nearly 200% increase year over year, with cumulative revenue for the first three quarters reaching NT$1.12 billion, representing a significant YoY increase of 81.35%, and EPS of NT$2.69. Advanced Wireless Semiconductor Company (AWSC, 8086:TT), built on its established power amplifier (PA) business for mobile devices, has accelerated diversification into data communication (Datacom), optical sensing (VCSEL technology), automotive, drone and other emerging applications. AWSC posted Q3 revenue of NT$1.12 billion and cumulative first three quarters revenue of NT$2.86 billion, with EPS of NT$2.03. As of the end of October this year, AWSC’s revenue has grown for nine consecutive months. Actron Technology Corporation (Actron, 8255:TT) continued advancing the development and customer validation of next-generation MOSFETs, recording Q3 revenue of NT$1.99 billion and cumulative first three quarters revenue of NT$6.27 billion, up 10.7% YoY, with EPS of NT$4.64.

 

Looking ahead, SAS will continue to drive growth under its dual engines of renewable energy and semiconductors, leveraging group synergies to accelerate global expansion and technology advancement. Backed by a solid industrial foundation and forward-looking strategy, SAS remains committed to cultivating new growth momentum and steadily enhancing long-term value for the Group.