Kinsus Interconnect Technology (3189) Q2 2024 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2024, was NT$14,294,866 thousand, up from NT$13,296,553 thousand year-over-year, driven by both IC Substrate and Optics segments.

• Net income for the six months ended June 30, 2024, was NT$814,014 thousand, a significant increase from NT$482,663 thousand in the prior year period.

• Earnings per share for the six months ended June 30, 2024, were NT$0.25, up from NT$0.06 year-over-year.

Financial highlights

• Gross profit for the six months ended June 30, 2024, was NT$4,013,862 thousand, up from NT$3,080,384 thousand year-over-year.

• Operating income for the six months ended June 30, 2024, was NT$676,581 thousand, compared to NT$397,618 thousand in the prior year period.

• Cash and cash equivalents as of June 30, 2024, were NT$14,415,487 thousand, down from NT$17,330,780 thousand as of June 30, 2023.

• Total assets as of June 30, 2024, were NT$80,178,407 thousand, up from NT$74,852,158 thousand as of June 30, 2023.

• Total liabilities as of June 30, 2024, were NT$41,045,983 thousand, compared to NT$38,893,666 thousand as of June 30, 2023.

Outlook and guidance

• The company continues to invest in property, plant, and equipment, with significant construction in progress and outstanding contracts totaling NT$16,511,019 thousand as of June 30, 2024.

• Long-term sales agreements with customers and ongoing capital expenditures are expected to support future growth.