Grand Process Technology (3131) Q4 2024 earnings summary

Executive summary

• Revenue for the year ended December 31, 2024, was NT$2,298,019 thousand, up 41% year-over-year; net income reached NT$845,447 thousand, a 37% margin, with EPS of NT$29.07, up from NT$21.56.

• Gross margin was 44%, slightly down from 47% the previous year, while operating margin was 20%.

• Board proposed a cash dividend of NT$22 per share for 2024, pending shareholder approval.

Financial highlights

• Operating income rose to NT$466,118 thousand, a 30% increase year-over-year.

• Cash and cash equivalents at year-end were NT$2,186,852 thousand, up from NT$1,651,219 thousand.

• Total assets increased to NT$8,108,344 thousand, with equity at NT$4,539,816 thousand.

• Operating cash flow for the year was NT$1,225,261 thousand, up from NT$747,901 thousand.

• Dividend payout for 2023 was NT$16 per share; 2024 proposal is NT$22 per share.

Outlook and guidance

• Management expects continued strong capital structure and sufficient liquidity to support future operations, capital expenditures, and dividends.

• No significant impact anticipated from new or revised accounting standards in the coming year.