C Sun Mfg (2467) Q1 2024 earnings summary

Executive summary

• Q1 2024 revenue was NT$1,080,021 thousand and net income was NT$177,619 thousand; basic and diluted EPS were NT$1.15.

• Total comprehensive income reached NT$792,672 thousand, including NT$615,053 thousand of other comprehensive income.

Financial highlights

• Revenue was NT$1,080,021 thousand vs NT$966,854 thousand YoY; gross profit was NT$466,606 thousand vs NT$361,174 thousand, with gross margin at 43% vs 37%.

• Operating income was NT$154,944 thousand vs NT$125,204 thousand; profit before tax was NT$240,859 thousand vs NT$146,699 thousand.

• Net income was NT$177,619 thousand vs NT$140,748 thousand; parent-attributable profit was NT$172,173 thousand vs NT$130,447 thousand.

• Other gains and losses were a net gain of NT$56,069 thousand vs a net loss of NT$10,416 thousand; Q1 2024 included NT$38,857 thousand of fair-value gains and NT$18,820 thousand of FX gains.

Segment performance

• C SUN MFG. Ltd. reported external revenue of NT$680,561 thousand and segment income of NT$200,627 thousand; Csun Technology (Guangzhou) reported NT$149,694 thousand revenue and NT$33,150 thousand income.

• Creation Machines reported external revenue of NT$243,156 thousand; total external revenue across reportable segments was NT$1,080,021 thousand.