Kinsus Interconnect Technology (3189) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements for the years ended December 31, 2024 and 2023 were audited and present fairly in all material respects, in accordance with IFRS and local regulations.

• Revenue recognition and inventory valuation were identified as key audit matters due to their materiality and management judgment required.

Financial highlights

• Operating revenue for 2024 was NT$30,534,979 thousand, up 13.8% year-over-year from NT$26,832,187 thousand.

• Net income for 2024 was NT$1,331,050 thousand, a 13.7% increase from NT$1,170,402 thousand in 2023.

• Basic and diluted EPS for 2024 were both NT$0.11, unchanged from 2023.

• Gross margin improved to 28% in 2024 from 25% in 2023.

• Cash and cash equivalents at year-end 2024 were NT$14,399,651 thousand, down from NT$15,700,767 thousand in 2023.

Outlook and guidance

• Adoption of new IFRS standards in 2024 had no material impact; further changes are not expected to materially affect the group.

• No significant subsequent events or major disasters reported after year-end.