ShunSin Technology (6451) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2024 was NT$1,788 million, up 48% year-over-year; first half revenue reached NT$3,765 million, up 77% year-over-year.

• Q2 2024 net loss was NT$67.7 million, compared to net profit of NT$92.4 million in Q2 2023; first half net loss was NT$190.7 million, compared to net profit of NT$286,000 in the prior year.

• Gross margin for Q2 2024 was 15%, up from 20% in Q2 2023; first half gross margin was 10%, down from 18% in the prior year.

Financial highlights

• Operating loss for Q2 2024 was NT$20.7 million, compared to operating profit of NT$26.5 million in Q2 2023.

• Basic and diluted EPS for Q2 2024 were both NT$(0.59); first half EPS was NT$(1.64).

• Cash and cash equivalents at June 30, 2024 were NT$5,210 million, down from NT$6,928 million at December 31, 2023.

• Total assets at June 30, 2024 were NT$18,043 million; total liabilities were NT$11,879 million.

• Short-term borrowings increased to NT$4,966 million; long-term borrowings at NT$2,533 million.

Outlook and guidance

• Management expects no significant impact from newly adopted or upcoming accounting standards.

• No material post-balance sheet events or disaster losses reported.