Nien Made Enterprise (8464) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, reached NT$21,586 million, up from NT$19,678 million year-over-year, with net income rising to NT$5,098 million from NT$4,167 million.

• Gross margin improved to 57.3% from 55.4% year-over-year, and operating income margin increased to 28.5% from 25.1%.

• The review report from independent auditors concluded no material misstatements in the financial statements.

Financial highlights

• Operating revenues for Q3 2024 were NT$7,860 million, up 13.8% year-over-year.

• Net income for Q3 2024 was NT$1,833 million, up from NT$1,613 million in Q3 2023.

• Basic and diluted EPS for the nine months ended September 30, 2024, were NT$16.96 and NT$16.93, respectively, compared to NT$13.88 and NT$13.85 in 2023.

• Cash and cash equivalents increased to NT$13,080 million as of September 30, 2024, from NT$11,247 million a year earlier.

• Total assets grew to NT$34,691 million, and total equity reached NT$25,836 million as of September 30, 2024.

Outlook and guidance

• Management continues to monitor market and currency risks, with a focus on maintaining strong profitability and capital structure.

• No significant subsequent events or disasters were reported after the reporting period.