Nien Made Enterprise (8464) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 reached NT$29,535 million, up 9.7% year-over-year, with net income at NT$7,118 million, a 26% increase from 2023.

• Gross margin improved to 57.2% from 55.5% year-over-year, and operating income margin rose to 28.3% from 25.9%.

• Cash and cash equivalents increased to NT$15,857 million, supporting a strong liquidity position.

• Cash dividends per share increased to NT$14.50 for 2024, up from NT$12.00 in 2023.

Financial highlights

• Operating revenues grew 9.7% year-over-year; gross profit rose to NT$16,905 million.

• Net income attributable to shareholders was NT$6,903 million, with basic EPS of NT$23.56, up from NT$18.73.

• Total assets increased to NT$37,858 million, and equity attributable to the parent reached NT$28,081 million.

• Operating cash flow was NT$8,547 million, up from NT$6,882 million in 2023.

Outlook and guidance

• Management expects continued stable profitability and sound financial structure, with dividend policy emphasizing at least 20% of distributed earnings as cash.

• No material impact anticipated from new or revised IFRS standards effective in 2025 and beyond.