Eurocharm (5288) Q3 2024 earnings summary

Executive summary

• Eurocharm Holdings Co., Ltd. and subsidiaries reported consolidated results for the nine months ended September 30, 2023 and 2022, with main operations in auto/motorcycle parts and medical equipment manufacturing and sales.

• The group is listed on the Taiwan Stock Exchange and operates primarily in Vietnam and Taiwan.

Financial highlights

• Revenue for Jan–Sep 2023 was NT$5,410,786k, up slightly from NT$5,363,318k year-over-year.

• Net income attributable to parent for Jan–Sep 2023 was NT$724,318k, nearly flat compared to NT$725,419k year-over-year.

• Q3 2023 revenue was NT$1,735,343k, with net income attributable to parent at NT$166,128k, both down from Q3 2022 (NT$1,731,028k revenue, NT$268,194k net income).

• Basic EPS for Jan–Sep 2023 was NT$10.83, slightly down from NT$10.97 year-over-year.

• Operating cash flow for Jan–Sep 2023 was NT$1,212,468k, down from NT$1,493,096k year-over-year.

Outlook and guidance

• The board approved a plan to invest US$3.5 million in a new U.S. subsidiary through Feng Xiang Metal Co., Ltd.

• No significant impact expected from newly adopted or upcoming IFRS standards.