All Ring Tech (6187) Q4 2024 earnings summary

Executive summary

• Automation equipment supplier serving semiconductor test and package, and passive component manufacturing industries.

• FY2024 revenue was NT$5,516,871 thousand, versus NT$1,206,794 thousand in FY2023; net income rose to NT$1,310,503 thousand from NT$138,173 thousand.

• Operating profit reached NT$1,315,060 thousand versus NT$82,447 thousand; basic EPS was NT$14.57 versus NT$1.70.

Financial highlights

• Gross operating margin was NT$2,441,593 thousand, or 44% of revenue, versus NT$541,861 thousand, or 45%, in FY2023.

• Profit before tax was NT$1,549,474 thousand versus NT$157,818 thousand; income tax expense was NT$238,971 thousand versus NT$19,645 thousand.

• Operating cash flow was NT$1,051,557 thousand versus NT$151,791 thousand; year-end cash and cash equivalents were NT$3,207,496 thousand versus NT$785,510 thousand.

• Total comprehensive income was NT$1,564,668 thousand, including NT$216,390 thousand of unrealised gains on financial assets through OCI.

Segment performance

• Semiconductor equipment generated NT$4,677,315 thousand of FY2024 revenue; total revenue also included passive-component, LED and other equipment, plus materials.

• A separate revenue breakdown reported NT$52.33 hundred million from semiconductor equipment (95%), NT$1.53 hundred million from passive components (3%), and NT$1.49 hundred million from other revenue (2%).