Sitronix Technology (8016) Q1 2025 earnings summary

Executive summary

• Net revenue for Q1 2025 was NT$4,332 million, up 4.4% year-over-year, with integrated circuits as the main contributor.

• Net income attributable to owners was NT$413.8 million, down 4.5% year-over-year; total comprehensive income dropped 48.4%.

• Cash and cash equivalents increased to NT$6,619 million at March 31, 2025, from NT$3,866 million at year-end 2024.

• The group remains focused on display driver ICs for mobile, industrial, and automotive applications.

Financial highlights

• Gross profit margin was 32.7% in Q1 2025, down from 35.6% in Q1 2024.

• Operating income was NT$502 million, a 20% decrease year-over-year.

• Basic EPS was NT$3.45, compared to NT$3.62 in Q1 2024.

• Net cash from operating activities was NT$324 million, down from NT$768 million in Q1 2024.

• Total assets reached NT$21,939 million, with equity attributable to owners at NT$10,795 million.

Outlook and guidance

• The group is assessing the impact of new IFRS standards effective in 2026 and 2027, with ongoing evaluation of financial reporting changes.

• The board approved the acquisition of the remaining shares of mCore Technology Corp., aiming for 100% ownership by July 2025.