Shengda Technology's November revenue hits a new high, with low Earth orbit satellite business boom driving EPS to surge to 1.3 yuan

Sungda Technology (3491) announced an impressive November self-reported performance today. Monthly revenue hit a record high of NT$285 million, a 48% increase year-over-year; net profit after tax was NT$86 million, with earnings per share (EPS) of NT$1.3, up 13% compared to the same period last year. This remarkable surge reflects the strong momentum driven by orders for low Earth orbit satellites.

Cumulative revenue for the first 11 months of this year reached NT$2.132 billion, a 1.34% increase year-over-year, rewriting the company’s historical high for the same period. The outlook for the fourth quarter is highly anticipated—analysts expect December shipments to show month-over-month growth, which will significantly boost revenue from low Earth orbit satellites for the quarter, outperforming the first three quarters.

Low Earth Orbit Satellite Revenue Breaks 60%, Becomes Company’s Growth Engine

Sungda’s highlight lies in the rapid expansion of its low Earth orbit satellite business. Satellite component revenue accounts for about 65%, while ground station contributions make up approximately 35%. The products have successfully entered satellite payload applications, covering communication payloads, telemetry, tracking and command systems (TT&C), inter-satellite links (ISL), and direct-to-device (D2C) modules. Among these, TT&C and ISL new products began shipping in the fourth quarter and are gradually ramping up.

The demand for low Earth orbit satellite orders has exceeded expectations. In September, this segment contributed about 58% of revenue; in October, nearly 70%; and in November, further increased to approximately 64.5%. More importantly, the cumulative revenue from low Earth orbit satellites for the first 11 months has reached NT$1.2 billion, compared to NT$1 billion for the entire previous year, showing a significant growth rate.

Sungda currently has order backlog of NT$1 billion and remains optimistic about future growth. The company expects that by 2026, revenue contribution from low Earth orbit satellites will at least double from current levels, indicating strong growth momentum.

Customer Base Expansion and Active Deployment in Emerging Application Fields

In addition to its two major low Earth orbit satellite operators, Sungda is actively developing partnerships with small and medium-sized satellite companies, with about five potential collaborators. One has already become a formal customer, planning to launch satellites next year; another is expected to enter the sample stage next year, which could provide a new growth driver for the company in the medium to long term.

Meanwhile, the company is closely monitoring emerging application fields such as space AI centers and space solar power, and has already begun collaborations with startups to seize future market opportunities.

Stock Price Surges to NT$628, Market Optimistic About Future Performance

Driven by strong fundamentals, market buying interest has been actively pouring in. Sungda’s stock price has recently hit new highs; after breaking the NT$600 mark last Friday (12th), it continued to rise today, closing at NT$628, reflecting investors’ optimism about the company’s record-high revenue and the prospects for low Earth orbit satellite development.