Eoptolink Technology (300502) Q4 2024 earnings summary

Executive summary

• Revenue reached ¥8.65 billion in 2024, up 179.15% year-over-year, with net profit attributable to shareholders at ¥2.84 billion, up 312.26% year-over-year.

• Gross margin improved to 44.72%, and basic/diluted EPS rose to ¥4.00 from ¥0.97 last year.

• Overseas sales accounted for 78.7% of revenue, with strong demand for high-speed optical modules.

• Major investments in R&D and production capacity, including completion of Thailand plant phase II.

Financial highlights

• Operating income: ¥8.65 billion, up 179.15% year-over-year.

• Net profit attributable to shareholders: ¥2.84 billion, up 312.26% year-over-year.

• Gross margin: 44.72%, up 13.73 percentage points year-over-year.

• Operating cash flow: ¥640.93 million, down 48.56% year-over-year due to increased raw material purchases and tax payments.

• R&D investment: ¥403 million, 4.66% of revenue.

Outlook and guidance

• Focus on expanding AI, cloud data center, and 5G markets with new high-speed optical module products.

• Continued investment in R&D, production automation, and global market expansion.

• Thailand plant to begin operations in 2025, further boosting capacity.