Nan Ya Plastics (1303) Q4 2024 earnings summary

Executive summary

• Market capitalization reached NT$267.7 billion as of February 2025, with 102 plants and 29,108 employees globally.

• Maintains leading market positions in plastics processing, copper foil, epoxy resin, and electronic materials.

• Consolidated financial statements for 2024 and 2023 were audited and received an unmodified opinion from KPMG, confirming fair presentation in accordance with IFRS and local regulations.

• The group operates in plastics, fiber, petrochemical, electronics, and engineering, with significant global presence and multiple subsidiaries.

• Sales in 2024 were NT$259.6 billion, with electronics accounting for 42% and chemicals 19% of sales.

Financial highlights

• 2024 consolidated revenue was NT$259.6 billion, nearly flat year-over-year, with growth in all segments except PCB.

• Net income attributable to owners of parent was NT$3.34 billion, down from NT$6.31 billion in 2023.

• 2024 pre-tax income decreased year-over-year, mainly due to lower PCB profits and reduced equity income.

• 2024 EPS declined year-over-year to NT$0.42 from NT$0.80, due to lower investment income, despite operational improvements in most segments.

• Cash and cash equivalents at year-end 2024 were NT$66.4 billion, down from NT$80.3 billion in 2023.

Outlook and guidance

• 2025 outlook faces uncertainties from U.S.-China tech competition, tariffs, and geopolitical tensions.

• Plans to focus on product, business, low-carbon, and digital transformation strategies.

• Short-term emphasis on differentiated, high-value-added products and expansion into medical and semiconductor materials.

• Commitment to carbon neutrality by 2050, with ongoing green product and process initiatives.

• The group adopted new IFRS amendments in 2024 with no significant impact and is evaluating future standards, including IFRS 18, effective 2027.