SynPower Co., Ltd.(6658. TW), a PCB equipment manufacturer, officially debuted on the Taiwan Stock Exchange today, listing at an underwritten price of NT$28 (approximately $0.87) per share. The stock opened strong, surging over 40% to NT$39.65 (approximately $1.23) during early trading.

SynPower reported revenues of NT$1.6 billion (approximately $49.48 million) in 2022, boasting a gross profit margin of 25% and an impressive earnings per share (EPS) of NT$3.97 (approximately $0.12).

In response to the continuous growth in orders and taking into account customers' demands for production environments, SynPower has recently commenced construction on its new factory in Qingpu, Taoyuan City, Taiwan. The new facility is strategically focused on self-manufactured equipment and high-value products, with planned applications in the semiconductor and carrier board industries. The target is to complete construction by the end of 2024, with production slated to commence in the first quarter of 2025.

About SynPower

ToSynPower Co., Ltd. has been dedicated to the manufacturing, trading, and provision of visual application solutions for PCB automatic machines and raw materials since its establishment in May 2002. With a strong focus on delivering excellent technical service, innovative solutions, and exceptional product quality, SynPower has earned a reputation as a trusted partner among its customers.

In order to provide immediate support to customers and the industry, SynPower has established offices in Dongguan, located in southern China, Kungshan in the eastern region, Qinhuangdao in the northern region, as well as Thailand. Furthermore, the company has expanded its teams by recruiting new members.

Currently, SynPower's core business revolves around automatic machines, visual systems, and Smart Manufacturing. The company specializes in the sales and development of machines and materials for the PCB photonics and semiconductor industries. In line with the growing trend of intelligent production and the increasing demand for exceptional quality, SynPower not only offers high-quality machines but also incorporates visual systems into its equipment to optimize performance.

SynPower remains committed to providing customers with reliable techniques, integrated solutions, and top-notch service. The company strives to be recognized as "the best partner of automation" and consistently places customer demands as its highest priority. These commitments drive SynPower's relentless pursuit of perfection in the realm of automation re-engineering.

($1 = 32.33 New Taiwan dollar, based on Nov 2, 2:58 AM)

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