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HD Renewable Energy (6873) investor relations material
HD Renewable Energy Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2024 was NT$1,424,144 thousand, down 2.9% year-over-year; net income attributable to owners was NT$35,347 thousand, a 56.6% decrease from Q1 2023.
Gross margin improved to 41% from 30% year-over-year, but operating expenses rose slightly as a percentage of revenue.
The company continues to focus on solar and energy storage project development, engineering, and asset management in Taiwan, Japan, and Australia.
Financial highlights
Operating income for Q1 2024 was NT$188,431 thousand, up 17.4% year-over-year.
Net income for Q1 2024 was NT$33,744 thousand, compared to NT$82,482 thousand in Q1 2023.
Basic and diluted EPS for Q1 2024 were both NT$0.25, down from NT$0.60 and NT$0.59, respectively, in Q1 2023.
Cash and cash equivalents at quarter-end were NT$2,636,872 thousand, up from NT$2,367,671 thousand at the end of 2023.
Total assets increased to NT$33,958,557 thousand from NT$32,195,614 thousand at year-end 2023.
Outlook and guidance
The company expects to recognize NT$13,297,068 thousand in contract revenue over the next 1–3 years as projects are completed.
Dividend policy remains to distribute at least 10% of distributable earnings, with a focus on balancing growth and shareholder returns.
- Q2 net income dropped 22% year-over-year, but assets and project backlog grew sharply.6873
Q2 20248 Jun 2026 - Q3 2023 revenue and net income soared, with a strong backlog and ample liquidity.6873
Q3 20248 Jun 2026 - Revenue up 73% and net income up 44% year-over-year, driven by solar and storage growth.6873
Q4 20248 Jun 2026 - Q1 2024 revenue surged 66% and net income rose 74% year-over-year, with strong project growth.6873
Q1 20258 Jun 2026 - Q2 2024 revenue surged 48.5% year-over-year, with strong project backlog and major bond issuance.6873
Q2 20258 Jun 2026 - Revenue and profit fell sharply, but asset base and project backlog remain robust.6873
Q3 20258 Jun 2026 - Revenue and profit fell sharply as leverage rose and expansion accelerated in overseas markets.6873
Q4 20258 Jun 2026
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