Taiwan s exchange rate hit, June s monthly closing price decreased by 17%, and the annual increase of 40% in the first half of the year

Crystalline OEM announced that it will be closed in June. Affected by the exchange rate, the amount was NT$263.709 billion, a decrease of 17.7% from May and an increase of 26.9% from the same period in 2024. Cumulatively, the amount of capital in the second quarter of 2025 was RMB 933.792 billion, an increase of 11.26% from the first quarter. The total revenue in the first half of the year was RMB 1773.046 billion, an increase of 40% compared with the same period in 2024.

Taiwan's previous law estimates that the merger will be collected in the second quarter of 2025, with a price of between USD 2.84 billion and USD 292, with a median increase of about 12.75% compared with the previous quarter, better than market expectations. The estimated gross profit margin will be between 57% and 59%, and the operating rate of profit will be about 47% and 49%, maintaining a high profile. However, due to previous financial results, the exchange rate of NT$32.50 was based on the exchange rate of NT$1. With the sharp appreciation of NT$, the closing of May and June declined month by month, which caused the second quarter's investment to meet the standards, but gross profit margin and operating rate of profit will be affected by the exchange rate.

Taiwan Electric Chairman Wei Zhejia said at a shareholders' meeting recently that the exchange rate has indeed had a significant impact on Taiwan Electric. So, how to solve it is to work hard and keep technology first in the world and sell the value you should get. In terms of tax responsibilities, there are some impacts on NTD, but they are not direct. Because the impact of tax on Taiwan electricity is what importers have to pay, not export. Taiwan Power is exported, but this will slightly increase the price, and demand will decrease, which will affect Taiwan Power's business.

Although, ensuring that the demand for AI has always been in short supply, we are working hard to increase our production capacity to make our customers satisfied. However, I am afraid that the economy of the whole world will be adjusted down. Therefore, Telco will still grow very much, which will make the business and profits in 2025 reach new historical highs.

Taiwan Electric is expected to hold the second quarter of 2025 Legal Conference on July 17. In this regard, the foreign-invest legal entity said that it would not be too surprised to expect this meeting, and the full-year 2025 revenue forecast (USD is about 20% to 25% increase in annual revenue) and capital expenditure (USD 38 billion to 42 billion US dollars) should be roughly unchanged. Therefore, we continue to maintain the forecast of an annual increase of 28.7% for the full year of 2025.