RiTWIN News
RiTdisplay's Operations Enter Peak Recognition Period, Post-Meter Energy Storage Market Becomes New Focus
(Wealth Magazine 2025-09-03)
As a major display manufacturer, RiTdisplay (8104) has recently benefited from the recognition of revenue from engineering project construction, leading to outstanding revenue performance. For six consecutive months, its year-on-year revenue growth has shown double-digit or even triple-digit jumps. July's revenue, in particular, hit a new historical high, with consolidated revenue reaching NT$518 million, a month-on-month increase of 3.98% and a year-on-year surge of 171%. Cumulative revenue for January to July reached NT$2.581 billion, an increase of 92% compared to the same period last year, demonstrating remarkably strong revenue performance.
RiTdisplay stated that its display business has emerged from its slump. The company continues to ship products for non-consumer electronics applications and automotive panels, with gross margins and profit margins gradually recovering, leading to a significant improvement in its profit and loss performance. Revenue primarily comes from the energy business, where the energy storage project in cooperation with TaiProventec has entered the construction phase, driving a significant jump in March revenue to NT$385 million. The construction period for this energy storage project is approximately six months, with the second and third quarters entering the peak for revenue recognition. As the revenue scale expands, the future growth momentum is expected to continue.
The post-meter energy storage market in Taiwan is heating up this year. The main reason for increased customer acceptance of energy storage deployment is the widening difference between peak and off-peak electricity prices. Many traditional manufacturers in central and southern Taiwan are currently in discussions. In addition to actively expanding the domestic market, for large-scale projects, the subsidiary RiTWIN is also jointly expanding overseas markets with partners. With global energy issues drawing attention, the company stated that projects in Japan, the United States, Australia, and Europe are currently under negotiation, with expectations to begin shipments in the third quarter, sustaining high revenue in the second half of the year.
