Looking ahead to the first half of 2026, the operating environment is expected to remain challenging amid heightened macroeconomic and geopolitical uncertainties. Despite these headwinds, the Group anticipates a gradual and steady recovery in its core businesses, supported by a stable order backlog, improving customer visibility and ongoing operational enhancements.

Global economic conditions continue to be influenced by a number of key risk factors. Uncertainty surrounding United States trade policies continues to affect global sentiment and cross-border trade flows. Meanwhile, ongoing geopolitical conflicts, including those in the Middle East and Ukraine, continue to disrupt energy and commodity markets and contribute to inflationary pressures. Central banks will keep the interest rates unchanged, which could further constrain global economic growth. Also, in the electronic industry, memory manufacturers have increasingly shifted production capacity toward higher-margin products for artificial intelligence applications, resulting in a supply shortage of DRAM and flash memory for consumer and industrial uses. This has intensified competition for limited chip supply, driven up component costs and, in some cases, delayed product launches across the electronics manufacturing sector.

Against this backdrop, based on current customer orders and forecasts, the Group expects revenue from its EMS business for the first half of 2026 to be slightly better than that recorded for the second half of 2025, reflecting improving demand visibility and the Group’s stable customer relationships.

The Group operates three manufacturing facilities, comprising two in Mainland China and one in Vietnam. The China facilities will continue to support the growth of PRC-based customers and serve as a technical backbone for the Vietnam operation. The Vietnam facility is expected to play an increasingly important role in the Group’s future development, as customers continue to diversify their supply chains to countries outside China in response to trade policy uncertainties. The Group will continue to expand production capacity, upgrade technical capabilities and strengthen workforce development in Vietnam to capture these opportunities. 

Ben Wong

Chairman and CEO

Wong's International Holdings Limited