All Ring Tech (6187) Q2 2024 earnings summary

Executive summary

• Q2 2024 revenue was NT$1,271,522 thousand and net income NT$271,624 thousand; H1 revenue was NT$1,994,676 thousand and net income NT$442,484 thousand.

• The independent review conclusion was qualified because certain subsidiaries’ financial statements were not independently reviewed; reviewers identified no matter indicating material misstatement apart from possible adjustments.

Financial highlights

• Q2 revenue was NT$1,271,522 thousand vs NT$275,907 thousand a year earlier; H1 revenue was NT$1,994,676 thousand vs NT$503,665 thousand.

• Q2 net income was NT$271,624 thousand vs NT$30,483 thousand; H1 net income was NT$442,484 thousand vs NT$44,404 thousand.

• H1 total comprehensive income was NT$644,496 thousand vs NT$96,487 thousand; Q2 total comprehensive income was NT$430,725 thousand vs a NT$27,535 thousand loss.

• H1 operating costs were NT$925,807 thousand vs NT$258,272 thousand; operating expenses were NT$478,428 thousand vs NT$255,517 thousand.

Segment performance

• H1 revenue mix: semiconductor equipment NT$1.869 billion (94%), passive components NT$70 million and other NT$56 million.