October Revenue of NT$3.358 Billion Hits New High in Over 4 Years
T3EX Global Holdings (2636) reported October consolidated revenue of Tah Hsin New Taiwan Dollars 3.358 billion, up 12.09% from the previous month and up sharply by 125.54% from the same period last year, setting a new single-month high in over 4 years. Cumulative consolidated revenue for the first 10 months of this year was NT$23.497 billion, up 34.02% year-on-year, maintaining an overall growth trend. The company said October revenue growth was mainly driven by the ocean freight business, benefiting from customer expansion, increased freight volume and changes in route freight rates, with ocean freight revenue more than doubling year-on-year; the air freight business maintained steady growth benefiting from the fourth-quarter peak freight season and high-tech industry shipment demand.
Ocean Freight Up 204.22% YoY as Main Growth Driver
Ocean freight business revenue reached NT$2.387 billion in October, up 12.28% month-on-month and 204.22% year-on-year, the main driver of the Group's revenue growth this month. The company said it will continue to deepen operations on major routes, actively expand multinational manufacturing and international trade customers through freight-rate arrangements and cabin resource allocation, and combine overseas拠点 local services to further expand its international customer service coverage, so as to consolidate the market foundation of its core ocean freight business.
Air Freight Benefits From Peak Season and Technology Shipment Demand
Air freight business revenue was NT$662 million in October, up 9.66% month-on-month and 43.88% year-on-year. T3EX noted that supply-chain activities related to artificial intelligence, semiconductors, electronic components and high-tech equipment have driven time-sensitive and specialized air cargo opportunities. The Group continues to expand its high-tech industry transportation business mainly destined for the United States, and to strengthen air cargo space arrangements, cross-regional transportation coordination and destination logistics services to capture peak-season demand.
Rail and Domestic Trade Grow Together, Focus on Q4 Profit Quality
In other businesses, China-Europe railway revenue was NT$82 million in October, up 42.65% year-on-year; domestic trade logistics revenue was NT$228 million, up 21.78% year-on-year, both growing from the same period last year. Through international ocean and air freight, warehousing, customs clearance, land transportation, cross-border logistics and destination delivery services, the Group has expanded the scope of logistics services for customers in different industries. Looking ahead to the fourth quarter, the company will continue to monitor international trade policies, supply and demand on major routes and high-tech industry shipment trends, strengthen market development and transportation resource allocation for its core ocean and air freight businesses, and deepen professional development and business cooperation among its subsidiaries, while focusing on customer and cargo structure, gross margin management, operating efficiency and risk control, balancing business growth with profit quality.