Eurocharm (5288) Q4 2023 earnings summary

Executive summary

• FY2023 revenue declined to NT$7,267,327 thousand from NT$8,037,354 thousand, while net income increased to NT$1,031,525 thousand from NT$935,998 thousand.

• Year-end total assets were NT$6,756,085 thousand and total equity was NT$5,031,446 thousand.

Financial highlights

• Gross profit was NT$1,522,593 thousand vs. NT$1,558,931 thousand; operating income was NT$1,080,015 thousand vs. NT$1,093,404 thousand.

• Income before tax was NT$1,255,087 thousand vs. NT$1,125,937 thousand; income tax expense was NT$223,562 thousand vs. NT$189,939 thousand.

• Operating cash flow was NT$2,052,950 thousand vs. NT$1,059,612 thousand; investing cash outflow was NT$690,969 thousand and financing cash outflow was NT$1,756,358 thousand.

Segment performance

• Operations were reported as one segment, covering motorcycle and auto equipment parts, medical equipment, and machine parts.

• FY2023 external revenue: Vietnam NT$3,232,031 thousand, USA NT$2,511,267 thousand, and other markets NT$1,524,029 thousand.