Aero Win Technology (8222) Q2 2024 earnings summary

Executive summary

• Revenue for Q2 2024 (113年4-6月) was NT$204.7 million, up 23% year-over-year; net income for the quarter was NT$24.7 million, with EPS of NT$0.36.

• For the first half of 2024, revenue reached NT$393.3 million, up 20% year-over-year; net income was NT$54.7 million, with EPS of NT$0.80.

• Gross margin improved to 22% in Q2 2024 from 18% in Q2 2023.

Financial highlights

• Cash and cash equivalents at June 30, 2024: NT$269.3 million, up from NT$248.5 million at year-end 2023.

• Total assets increased to NT$1,697.3 million from NT$1,516.3 million at year-end 2023.

• Inventory rose to NT$638.5 million, up 45% year-over-year.

• Short-term borrowings increased to NT$130.8 million; long-term borrowings at NT$375.9 million.

• Operating cash flow for H1 2024 was NT$6.2 million, down from NT$30.6 million outflow in H1 2023.

Outlook and guidance

• The company continues to evaluate the impact of new and revised IFRS standards, with no major changes to accounting policies expected.

• Capital expenditures and commitments indicate ongoing investment in capacity and infrastructure.