Grand Process Technology (3131) Q2 2025 earnings summary

Executive summary

• Consolidated revenue for the first half of 2024 was NT$2,871,075 thousand, up 54% year-over-year from NT$1,859,856 thousand.

• Net income attributable to parent company owners for the first half of 2024 was NT$461,222 thousand, up 22% year-over-year.

• Basic EPS for the first half of 2024 was NT$15.79, compared to NT$13.04 for the same period last year.

Financial highlights

• Gross margin for the first half of 2024 was 41%, consistent with the prior year.

• Operating income for the first half of 2024 was NT$683,595 thousand, up 83% year-over-year.

• Cash and cash equivalents as of June 30, 2024, were NT$3,471,600 thousand, up from NT$2,825,109 thousand a year ago.

• Total assets as of June 30, 2024, were NT$11,599,326 thousand, up 27% year-over-year.

• Total liabilities as of June 30, 2024, were NT$7,234,695 thousand, up 25% year-over-year.

Outlook and guidance

• Management expects continued growth in semiconductor equipment and chemical product sales, supported by strong order backlog.

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