Jentech Precision Industrial (3653) Q2 2024 earnings summary

Executive summary

• Revenue for the first half of 2024 was NT$6,265,481 thousand, up 10.6% year-over-year from NT$5,663,502 thousand.

• Net income attributable to parent for the first half was NT$1,562,593 thousand, a 46.8% increase year-over-year.

• Basic EPS for the first half was NT$11.09, compared to NT$7.78 in the prior year period.

• The company completed a share swap to acquire 100% of subsidiary 金利公司, increasing parent equity.

Financial highlights

• Gross margin for the first half was 37%, slightly up from 32% year-over-year.

• Operating income for the first half was NT$1,609,464 thousand, up from NT$1,168,472 thousand year-over-year.

• Cash and cash equivalents at June 30, 2024, were NT$5,165,658 thousand, up from NT$4,682,374 thousand a year earlier.

• Total assets at June 30, 2024, were NT$18,339,966 thousand, up from NT$16,095,106 thousand at June 30, 2023.

• Dividend of NT$10 per share for 2023 was approved, with a payout adjustment due to increased shares outstanding.

Outlook and guidance

• Management continues to focus on optimizing capital structure and supporting R&D and dividend needs for long-term shareholder value.

• No significant changes in industry or business outlook were disclosed for the remainder of the year.