Biwin Storage: wafer-level packaging project to contribute revenue by end-2026

The revenue timeline for the wafer-level packaging project gives a concrete marker for when advanced packaging capacity could begin to impact financials, but the disclosed timeline is still over a year away, meaning near-term performance will hinge on existing operations. The sharp first-half revenue and profit surge suggests strong current demand, yet the sustainability of that growth is the key variable, especially given the capital intensity and execution risks inherent in scaling advanced packaging. What matters next is whether the company can maintain this momentum without overextending, and whether the packaging project's 2026 contribution aligns with broader industry supply-demand shifts. The open question is whether the current earnings spike reflects a durable cycle or a temporary tailwind.