Taiwanese footwear manufacturer Fulgent Sun International (Holding) Co., Ltd. has reported robust third-quarter revenue momentum, supported by recently added production capacity and progress in developing existing and new brand customers. The expansion in operating scale continued despite a challenging external environment, although profitability remained under pressure.<\/p>\n
Operating revenue rose 42.32 per cent year on year and 3.37 per cent quarter on quarter to NT$5.44 billion (~$167.84 million, as per conversion rate of $1 = NT$32.4112 as on October 22, 2026) in fiscal 2026 (FY26) third quarter (Q3), from NT$3.82 billion (~$117.86 million) a year earlier and NT$5.26 billion (~$162.29 million) in Q2.<\/p>\n
Taiwanese footwear OEM Fulgent Sun’s FY26 Q3 revenue rose 42.32 per cent year on year to NT$5.44 billion (~$167.84 million), supported by added capacity.
\nOperating profit fell 23.74 per cent and net income attributable to owners dropped 54.68 per cent despite higher gross profit.
\nMargins narrowed on tariffs, raw-material volatility, wage rises, start-up costs at new plants and foreign-exchange impact. <\/p>\n
The gross profit increased 7.29 per cent to NT$719.35 million (~$22.19 million), while operating profit fell 23.74 per cent to NT$227.45 million (~$7.02 million). Net income attributable to owners of the parent declined 54.68 per cent to NT$136.43 million (~$4.21 million), with earnings per share (EPS) falling to NT$0.68 (~$0.02) from NT$1.50 (~$0.05).<\/p>\n
\tMargins narrow amid external and operational pressures<\/h3>\n
Gross margin narrowed by 433 basis points (bps) year on year to 13.23 per cent, while operating margin declined by 363 bps to 4.18 per cent. Operating expenses increased 32.14 per cent to NT$491.90 million (~$15.18 million), and income before income tax dropped 52.68 per cent to NT$180.04 million (~$5.55 million).<\/p>\n
The company attributed the weaker profitability to the direct and indirect effects of tariffs, volatility in raw-material prices and consecutive wage increases. It also cited learning-curve costs associated with raising utilisation at newly established plants and higher fixed-cost allocations. Foreign-exchange valuation had a negative impact of approximately NT$0.18 (~$0.01) per share during the quarter.<\/p>\n
\tCapacity expansion supports long-term growth plans<\/h3>\n
Fulgent Sun provides original equipment manufacturing (OEM) services to more than 50 footwear brands. Its three largest customers represented nearly half of group revenue, while its top 10 and top 20 customers accounted for more than 80 per cent and 90 per cent, respectively.<\/p>\n
The company said it would focus on converting research and development into commercial products, deepening partnerships with existing international brands and pursuing opportunities with new customers as capacity expands.<\/p>\n
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Fibre2Fashion News Desk (SG) <\/p>\n
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