Kinsus Interconnect Technology (3189) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$22,491,986 thousand, up from NT$19,342,724 thousand year-over-year, with net income of NT$1,302,063 thousand compared to NT$390,363 thousand in the prior year period.

• The company reported a significant improvement in profitability, with basic and diluted EPS of NT$0.66 for the nine-month period, compared to a loss per share of NT$0.70 year-over-year.

• Cash and cash equivalents decreased to NT$13,764,572 thousand as of September 30, 2024, from NT$17,377,018 thousand a year earlier.

Financial highlights

• Gross profit for the nine months was NT$6,421,383 thousand, up from NT$4,445,722 thousand year-over-year.

• Operating income rose to NT$1,098,713 thousand from NT$257,552 thousand year-over-year.

• Total assets reached NT$78,855,612 thousand, with total equity at NT$39,779,210 thousand as of September 30, 2024.

• Net cash provided by operating activities was NT$4,887,434 thousand, while net cash used in investing activities was NT$7,680,809 thousand.

Outlook and guidance

• The company continues to invest in property, plant, and equipment, with significant construction in progress and outstanding contracts totaling NT$3,376,390 thousand.

• Management expects continued growth in both IC substrate and optics segments, supported by long-term sales agreements and ongoing capital expenditures.