Chunghwa Precision Test Tech (6510) Q4 2024 earnings summary

Executive summary

• Achieved significant revenue and profit growth in 4Q24 and full-year 2024, with strong improvements in margins and cash flow.

• Benefited from robust demand in the semiconductor and probe card markets, supported by innovation in AI-optimized probe solutions.

• Consolidated financial statements for 2024 and 2023 were audited and present fairly in all material respects, in accordance with IFRS and local regulations.

• Revenue primarily derives from semiconductor testing components, printed circuit boards, and related services.

• The group operates globally, with significant assets and revenue from Taiwan, the US, China, and Japan.

Financial highlights

• 4Q24 net revenue reached NT$1,289 million, up 67% year-over-year and 41% sequentially from 3Q24.

• Net revenue for 2024 was NT$3,604,674 thousand, up 25% year-over-year from NT$2,884,442 thousand.

• Gross margin improved to 55.7% in 4Q24 and 54% for 2024, both up significantly year-over-year.

• EPS surged to NT$9.83 in 4Q24 and NT$15.55 for 2024.

• Net income to shareholders in 4Q24 was NT$322 million, and for 2024 was NT$509,712 thousand.

Outlook and guidance

• Semiconductor and probe card markets are forecasted to grow at CAGRs of 7.1% and 8.4% respectively from 2024-2028.

• MEMS probe card segment expected to outpace overall market with a 10.1% CAGR through 2028.

• The board proposed a 2024 cash dividend of NT$7.8 per share, pending shareholder approval.

• Management continues to monitor global market conditions and adjust capital structure to maximize shareholder returns.