QNAP, a NAS Subsidiary of IEI, Sees Great Success on The Company’s First Day of Listing

 


Source: 威聯通興櫃首日股價破千，威強電收割


Original News Issued Date: 26 November 2024

 

What to learn from this article:

  • “QNAP made a strong debut on its first day of trading on the Emerging Stock Board."
  • "QNAP predicts the AI era will drive explosive growth in global data volumes, exceeding 1 zettabyte by 2025."
  • "According to Fortune Business Insights, the global NAS market is projected to reach US$100 billion by 2030, highlighting a highly promising outlook."



IPC manufacturer IEI Integration Corp. saw its subsidiary, the network-attached storage (NAS) brand QNAP, debut on the Emerging Stock Board on November 26 with a reference price of NT$638.00 (US$19.68). Riding the momentum of AI-driven opportunities, QNAP reported earnings equivalent to approximately three times its share capital for the first three quarters. On its first trading day, the stock surged past the NT$1,000.00 (US$30.85) mark at opening, peaking at NT$1,100.00 (US$33.93)—an impressive increase of over 70% as it entered a "honeymoon phase."

 

Meanwhile, IEI Integration Corp., which had enjoyed a rally last week in anticipation of this positive development, faced two consecutive days of losses this week. Although QNAP’s listing initially lifted IEI’s stock price by nearly 3% at Tuesday’s opening, selling pressure quickly reversed the gains, causing the stock to close nearly 2% lower.

 

IEI Integration Corp. established QNAP in 2004, successfully marketing the brand worldwide and achieving remarkable performance in the NAS market. As a key profit driver for IEI, QNAP has consistently contributed significantly to the company's success, with IEI holding over a 24% stake in the subsidiary. While QNAP had long contemplated an IPO and was even rumored to be considering an overseas listing, those plans had remained unfulfilled—until now. Capitalizing on the surge of AI-driven opportunities, QNAP has officially entered the capital market, marking a pivotal milestone in its growth journey.

 

In Week 47 of 2024, QNAP held an investor conference ahead of its listing on the Emerging Stock Board to present its recent business performance and future outlook. The company operates 10 subsidiaries in overseas markets: 5 in the Asia-Pacific region, 3 in Europe, and 2 in North America. Europe stands as the largest revenue contributor, accounting for nearly 50% of last year’s performance, followed by the Asia-Pacific region at approximately 26%, while North America contributes less than 25%.

QNAP anticipates that the AI era will usher in explosive growth in global data volumes, surpassing 1 zettabyte by 2025. As data volumes surge, the demand for AI-driven data management and operations is expected to grow, leading to increased requirements for high-capacity storage solutions. This trend is poised to drive the advancement of high-performance storage technologies and AI server equipment while simultaneously intensifying the need for robust cybersecurity and privacy protection measures.

According to research by Fortune Business Insights, the global NAS market is projected to grow at a compound annual growth rate (CAGR) of 16.5%, reaching a value of US$100 billion by 2030, reflecting a highly promising outlook. With the rise of edge AI, NAS’s versatility and scalability allow AI NAS to serve as a cost-effective solution, functioning simultaneously as an edge device, edge gateway, and edge server.

 

QNAP has long been a major player in the NAS sector, offering a comprehensive product portfolio. Its sales are predominantly driven by products aimed at small and medium-sized enterprises (SMEs), which account for 57.73% of total sales. NAS products for large enterprises represent 22.45%, while consumer and home-use NAS products contribute 19.82%. Looking forward, QNAP anticipates that digital transformation will continue to drive short-term industry growth. Over the long term, edge AI is expected to emerge as the next key growth driver.



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Acqutek specializes in supporting our customers with industrial-grade computers from Taiwanese manufacturers.

If you need assistance, please feel free to send us your request!