Shengda Technology's stock price breaks above the 6-figure mark, with low Earth orbit satellite revenue soaring over 60%

Publicly listed company Shengda Technology (3491) stock price continues to hit new highs, frequently breaking records. After falling below 600 NT dollars last Friday, it rose again to 628 NT dollars today, with market buying momentum clearly surging. What is the driving force behind this? The answer lies in its impressive financial report data.

November Self-Reported Revenue Reaches New High, Strong Profit Momentum

Shengda Technology’s November monthly revenue surged to 285 million NT dollars, setting a new record, with a year-over-year increase of 48%; net profit after tax for the month was 86 million NT dollars, with earnings per share (EPS) of 1.3 NT dollars, up 13% from the same period last year. Compared to the third quarter revenue of 484 million NT dollars, the operational activity in November significantly accelerated, and market momentum clearly picked up.

Cumulative revenue for the first 11 months reached 2.132 billion NT dollars, a 1.34% increase year-over-year, also rewriting the historical same-period high. Although net profit after tax for the first three quarters was 303 million NT dollars with EPS of 4.6 NT dollars, slightly lower than the same period last year, it still ranks as the second-highest level in history for the same period, reflecting that the company remains on a strong growth trajectory.

Low Earth Orbit Satellite Orders Booming, Growth Engine Running at Full Speed

Shengda Technology has been布局 in the satellite application field for many years. Currently, about 65% of its revenue structure comes from satellite components, with ground stations contributing 35%. The company’s product lines have successfully penetrated satellite payloads, including communication payloads, remote sensing 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 volume shipments in the fourth quarter.

The low earth orbit satellite business has become the company’s core growth engine, with its proportion continuously rising. In September, this business contributed about 58% of revenue; in October, it approached 70%; and in November, it further increased to 64.5%. Cumulative revenue from low earth orbit satellites for the first 11 months of this year has reached 1.2 billion NT dollars, a significant increase from last year’s total of 1 billion NT dollars. Shipments in December are expected to be better than the previous two months, and the fourth quarter performance is likely to significantly surpass the first three quarters.

Orders Full, Customer Base Continually Expanding

Shengda Technology’s low earth orbit satellite order backlog has reached 1 billion NT dollars, and its business footprint is expanding. In addition to the two major existing low earth orbit satellite operators, the company is actively developing small and medium-sized satellite companies. Currently, it is in negotiations with about five new customers with high cooperation potential. One has officially become a customer and plans to launch satellites next year; another is expected to start trading next year and enter the sample verification stage, which is expected to inject new momentum for medium- and long-term growth.

The company remains optimistic about its prospects before 2026, expecting low earth orbit satellite revenue to at least double by then. Additionally, Shengda Technology is closely monitoring emerging applications such as space AI centers and space solar power, collaborating with startups to explore these opportunities and preemptively seize new business opportunities with high switching potential.

Overall, Shengda Technology’s fundamentals continue to improve. While low earth orbit satellite business drives revenue growth, new customer development and new application layouts are also paving the way for future growth.