ASRock Industrial Computer (3515) Q3 2024 earnings summary

Executive summary

• 9M 2024 revenue rose 23% YoY to NTD 16,443,674 thousand; operating income increased 97% and net profit rose to NTD 1,079,218 thousand from NTD 589,488 thousand.

• Q3 revenue was NTD 6,266,032 thousand versus NTD 4,902,222 thousand; net profit was NTD 385,190 thousand versus NTD 323,246 thousand.

• The independent review reached a qualified conclusion because certain subsidiaries’ statements and related information were not independently reviewed; these subsidiaries represented 0.41% of consolidated assets and 0.00% of liabilities.

Financial highlights

• 9M revenue was NTD 16,443,674 thousand; gross profit was NTD 3,448,647 thousand, or 21% of revenue, versus 19% in 2023.

• 9M operating income was NTD 1,141,868 thousand, or 7% of revenue, versus NTD 578,329 thousand, or 5%, in 2023; PBT rose 82% to NTD 1,360m.

• Net profit attributable to owners was NTD 877,272 thousand versus NTD 591,931 thousand; basic EPS was NTD 7.20 versus NTD 4.85.

• Q3 gross profit was NTD 1,258,579 thousand, or 20% of revenue; operating income was NTD 462,842 thousand, or 7%.

Segment performance

• Operations are reported as a single operating unit; main activities include R&D, design and sales of products such as motherboards.