Grand Process Technology (3131) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024 reached NT$1,240.8 million, up 38% year-over-year, with net income at NT$255.2 million, a 48% increase from Q1 2023.

• Gross margin improved to 41% from 43% year-over-year, and basic EPS rose to NT$8.74 from NT$5.99.

• The company operates in equipment manufacturing, chemical materials, software sales, and equipment agency, with all segments showing growth.

Financial highlights

• Total assets as of March 31, 2024, were NT$11,192.9 million, up from NT$8,340.2 million a year earlier.

• Operating income for Q1 2024 was NT$276.8 million, up from NT$173.7 million in Q1 2023.

• Cash and cash equivalents increased to NT$3,081.5 million from NT$2,220.9 million year-over-year.

• Operating cash flow for Q1 2024 was NT$369.3 million, compared to NT$207.5 million in Q1 2023.

• Declared cash dividend of NT$22 per share for FY2023, pending shareholder approval.

Outlook and guidance

• Management expects continued growth in all business segments, supported by strong order backlog and capital structure.

• Capital structure remains robust, with equity significantly exceeding liabilities, supporting future investments and dividend payments.