Adimmune Corp (國光生技) yesterday said it swung into profit last quarter after it began delivering flu vaccines to the Ministry of Health and Welfare, which boosted revenue.
With revenue hitting a record NT$753 million (US$27.1 million) last quarter, up 22 percent from a year earlier, and gross margin rising to 40 percent, the company posted a net profit of NT$157 million, compared with a net loss of NT$162 million a quarter earlier.
Adimmune still registered a net loss of NT$251 million for the first three quarters, or losses per share of NT$0.59.
Photo: Wu Hsin-tien, Taipei Times
Adimmune said that it expects revenue to continue climbing this quarter, as it is to ship more flu vaccines to local and foreign clients.
The company said it would provide 3.68 million quadrivalent flu vaccines to the ministry by the end of this year, which is expected to generate revenue of NT$885.18 million, it added.
Chinese customers this year ordered 1.5 million flu vaccines, five times more than last year, and orders from clients in Thailand, Europe and the US also rose from a year earlier, the company said.
The company expects to ship all vaccines by the end of this year.
With the launch of a second fill-and-finish line at its factory in Taichung, Adimmune expects its annual production to rise fivefold to about 100 million doses.
The company also expects the second fill-and-finish line to achieve full production within two years, as some foreign clients have booked capacity, it said.
Adimmune has obtained Good Manufacturing Practices certification for the second production line, and European and US regulators are also to inspect the new production line, it said.
If demand remains strong, the company plans to establish a third and fourth fill-and-finish lines, it said.
Taiwan’s technology protection rules prohibits Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) from producing 2-nanometer chips abroad, so the company must keep its most cutting-edge technology at home, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. Kuo made the remarks in response to concerns that TSMC might be forced to produce advanced 2-nanometer chips at its fabs in Arizona ahead of schedule after former US president Donald Trump was re-elected as the next US president on Tuesday. “Since Taiwan has related regulations to protect its own technologies, TSMC cannot produce 2-nanometer chips overseas currently,” Kuo said at a meeting of the legislature’s
GEOPOLITICAL ISSUES? The economics ministry said that political factors should not affect supply chains linking global satellite firms and Taiwanese manufacturers Elon Musk’s Space Exploration Technologies Corp (SpaceX) asked Taiwanese suppliers to transfer manufacturing out of Taiwan, leading to some relocating portions of their supply chain, according to sources employed by and close to the equipment makers and corporate documents. A source at a company that is one of the numerous subcontractors that provide components for SpaceX’s Starlink satellite Internet products said that SpaceX asked their manufacturers to produce outside of Taiwan because of geopolitical risks, pushing at least one to move production to Vietnam. A second source who collaborates with Taiwanese satellite component makers in the nation said that suppliers were directly
Top Taiwanese officials yesterday moved to ease concern about the potential fallout of Donald Trump’s return to the White House, making a case that the technology restrictions promised by the former US president against China would outweigh the risks to the island. The prospect of Trump’s victory in this week’s election is a worry for Taipei given the Republican nominee in the past cast doubt over the US commitment to defend it from Beijing. But other policies championed by Trump toward China hold some appeal for Taiwan. National Development Council Minister Paul Liu (劉鏡清) described the proposed technology curbs as potentially having
TALENT FACTOR: The nation’s chip sector would be difficult to replace, but to maintain that advantage, Taiwan must retain skilled workers, an academic said A group of experts on Sunday called on Taiwan to strive to maintain its world-leading position in the semiconductor industry, with a US-China chip dispute expected to continue regardless of who becomes the next US president. Tamkang University Graduate Institute of International Affairs and Strategic Studies director Li Da-jung (李大中) said at a Taipei seminar on global semiconductor security that the relationship between the two superpowers would remain confrontational. There appears to be “no turning back” in US-China relations, as US presidential candidates US Vice President Kamala Harris and former US president Donald Trump are both expected to continue Washington’s hawkish stance