Aero Win Technology (8222) Q4 2024 earnings summary

Executive summary

• Revenue grew 20.5% year-over-year to NT$824,132 thousand for 2024, driven by strong export sales, which accounted for 53% of total revenue.

• Net profit increased 68.5% year-over-year to NT$102,088 thousand, with EPS rising to NT$1.49 from NT$0.88.

• Gross margin improved to 22% from 20% year-over-year, reflecting better cost control and higher sales volume.

• Major capital investment included a NT$398 million land and factory acquisition for future operations.

Financial highlights

• Operating revenue: NT$824,132 thousand, up from NT$683,831 thousand year-over-year.

• Gross profit: NT$185,252 thousand, up from NT$133,740 thousand year-over-year.

• Operating expenses: NT$115,746 thousand, up from NT$96,752 thousand year-over-year.

• Net profit: NT$102,088 thousand, up from NT$60,626 thousand year-over-year.

• Cash and cash equivalents at year-end: NT$222,419 thousand.

Outlook and guidance

• Board proposed a cash dividend of NT$0.7 per share for 2024, pending shareholder approval.

• Continued focus on export markets and operational efficiency to sustain growth.