SynPower (6658) Q4 2024 earnings summary

Executive summary

• Revenue grew 24% year-over-year to NT$1,594.7 million, driven by strong sales in smart manufacturing equipment and PCB surface processing.

• Net profit attributable to owners increased to NT$35.97 million, with total comprehensive income at NT$186.77 million.

• The company maintained a robust cash position, ending the year with NT$677.2 million in cash and equivalents.

Financial highlights

• Operating revenue: NT$1,594.7 million (up from NT$1,283.8 million year-over-year).

• Gross profit: NT$364.5 million, gross margin at 23%.

• Operating income: NT$35.3 million, up from NT$29.5 million.

• Net profit: NT$50.5 million (NT$35.97 million attributable to owners), up from NT$32.5 million.

• Basic EPS: NT$1.09 (up from NT$0.99).

• Total assets: NT$2,854.1 million; equity: NT$1,287.1 million.

Outlook and guidance

• The board proposed a cash dividend of NT$1.20 per share for 2024, consistent with the prior year.

• Ongoing capital increase of 3.5 million shares at NT$60 per share, with fundraising extended to April 2025.

• Continued investment in capacity expansion and strategic equity investments.