Auras Technology Co. (3324) Q4 2024 earnings summary

Executive summary

• Achieved record operating revenue of NT$15.78 billion in 2024, up 24% year-over-year, with net income attributable to owners at NT$1.89 billion, a 54% increase from 2023.

• Gross margin improved to 25% from 24% year-over-year, and operating profit margin rose to 12% from 11% in 2023.

• Major customers accounted for 65% of total revenue, with significant sales growth in China, Taiwan, and America.

Financial highlights

• Operating revenue: NT$15,778,909 thousand (up from NT$12,712,629 thousand in 2023).

• Net income attributable to owners: NT$1,892,711 thousand (up from NT$1,231,843 thousand in 2023).

• Basic EPS: NT$21.23 (up from NT$14.28 in 2023); Diluted EPS: NT$20.69 (up from NT$13.68).

• Total assets: NT$16,926,376 thousand (up from NT$12,611,750 thousand); total equity: NT$9,288,318 thousand.

• Cash and cash equivalents: NT$2,808,811 thousand (up from NT$1,365,804 thousand).

• Operating cash flow: NT$1,643,430 thousand; investing cash outflow: NT$1,566,914 thousand; financing cash inflow: NT$1,363,987 thousand.

Outlook and guidance

• Board proposed 2024 dividend of NT$10 per share, reflecting strong profitability and cash flow.

• Management expects continued growth in core thermal module business, supported by robust demand from major customers and ongoing investments in capacity.