Nexchip Semiconductor (688249) Q4 2024 earnings summary

Executive summary

• Revenue reached ¥9.25 billion, up 27.69% year-over-year, driven by strong semiconductor demand and higher sales volume.

• Net profit attributable to shareholders was ¥532.84 million, a 151.78% increase year-over-year, with adjusted net profit (excluding non-recurring items) up 736.77%.

• Operating cash flow improved to ¥2.76 billion, up from a negative flow last year, reflecting robust sales and cash collection.

• Gross margin rose to 25.5%, up 4.02 percentage points year-over-year, due to higher capacity utilization and lower unit costs.

Financial highlights

• Basic and diluted EPS were ¥0.27, up 125% year-over-year; adjusted EPS was ¥0.20.

• Net assets attributable to shareholders stood at ¥20.87 billion, down 2.52% from last year.

• Total assets increased 4.66% to ¥50.40 billion.

• R&D investment was ¥1.28 billion, up 21.41% year-over-year, accounting for 13.88% of revenue.

• Quarterly revenue and profit showed steady growth, with Q4 revenue at ¥2.47 billion and net profit at ¥253.91 million.

Outlook and guidance

• The company plans to further optimize product structure, increase R&D in OLED, CIS, and PMIC, and expand automotive and overseas markets.

• Strategic focus remains on 12-inch wafer foundry, with ongoing investment in advanced process nodes (40nm, 28nm) and automotive chips.

• Guidance includes continued capacity expansion and talent development to support growth.