Runder (潤德, 6881) has secured 28 new engineering orders worth roughly NT$2.1 billion so far in 2026, lifting its total in-hand backlog to about NT$5.9 billion, of which NT$2.3 billion remains unrecognized. First-half 2026 EPS rose to NT$9.51 from NT$8.51 as gross margin improved from 19% to 21%.
How much new order intake has Runder secured in 2026 so far?
Runder (潤德, 6881) has secured 28 new engineering orders in 2026 to date, together worth approximately NT$2.1 billion.CITE:E1CITE:E2CITE:E13 The order count and value were reported consistently across two separate accounts of the company's 2026 order intake update.CITE:E1CITE:E13
What does Runder's in-hand project backlog look like, and how much revenue remains to be recognized?
Runder's total in-hand engineering backlog stands at approximately NT$5.9 billion, of which about NT$2.3 billion has not yet been recognized as revenue.CITE:E3CITE:E4CITE:E10 That unrecognized portion represents work already booked into the backlog but not yet reflected in the company's reported top line.CITE:E4
How did Runder's revenue and net profit perform in the first half of 2026?
Runder posted first-half 2026 revenue of NT$1.182 billion, flat compared with the same period last year, while after-tax net profit reached NT$143 million, up 11.8% year-over-year.CITE:E5CITE:E11
How did Runder's profitability metrics — gross margin and EPS — change?
Runder's overall gross margin improved from 19% to 21% in the first half of 2026, lifting earnings per share to NT$9.51 from NT$8.51 in the same period last year.CITE:E6CITE:E7CITE:E9CITE:E12
| Metric | H1 2026 | H1 2025 (prior-year period) |
|---|
| Revenue | NT$1.182 billion | Flat (unchanged) |
| Net profit after tax | NT$143 million | +11.8% YoY |
| EPS | NT$9.51 | NT$8.51 |
| Gross margin | 21% | 19% |
| New orders (2026 YTD) | 28 orders / ~NT$2.1 billion | — |
| Total backlog | ~NT$5.9 billion | — |
| Unrecognized backlog | ~NT$2.3 billion | — |
What industry trend does Runder point to as the driver behind its order momentum?
Runder attributed its order momentum to continued capacity expansion across the AI and semiconductor supply chain, which it said is driving demand for corporate headquarters and high-spec factory office fit-outs, an area where the company said it continues to leverage its integrated design-and-engineering capabilities.CITE:E8
What does this mean?
The first-half data show profitability improving faster than revenue: gross margin rose two percentage points to 21% while revenue held flat at NT$1.182 billion, and EPS grew from NT$8.51 to NT$9.51 alongside an 11.8% increase in after-tax profit.CITE:E7CITE:E11 Against that base, the 28 new orders and NT$2.1 billion in fresh order value sit alongside an unrecognized backlog of NT$2.3 billion out of a total NT$5.9 billion in hand, meaning a large share of already-booked work has yet to convert into revenue.CITE:E1CITE:E4
Author's Take・EffectStory 編輯部
The first-half numbers point to a margin-led earnings story rather than a volume-led one: revenue held flat at NT$1.182 billion, yet gross margin expanded from 19% to 21% and EPS rose from NT$8.51 to NT$9.51, alongside an 11.8% increase in after-tax profit. That combination suggests the profitability gain came from execution and project mix rather than top-line growth. With NT$2.3 billion of the NT$5.9 billion in-hand backlog still unrecognized, and 28 new orders worth NT$2.1 billion added this year, the figure to watch next is how much of that unrecognized backlog converts into recognized revenue in the second half.