Visual Photonics Epitaxy (2455) Q2 2024 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2024 was NT$1,712,996 thousand, up 73% year-over-year from NT$988,740 thousand.

• Net profit for the same period was NT$393,787 thousand, a significant increase from NT$117,909 thousand year-over-year.

• Earnings per share (EPS) for the six months ended June 30, 2024 was NT$2.13 basic and NT$2.12 diluted, compared to NT$0.64 for both basic and diluted in the prior year.

Financial highlights

• Gross margin remained stable at 40% for both periods.

• Operating profit for the six months ended June 30, 2024 was NT$404,254 thousand, up from NT$116,895 thousand year-over-year.

• Cash and cash equivalents increased to NT$1,294,822 thousand as of June 30, 2024, from NT$868,994 thousand a year earlier.

• Total assets as of June 30, 2024 were NT$4,842,111 thousand, with total equity of NT$3,056,335 thousand.

• Gearing ratio was 37% as of June 30, 2024.

Outlook and guidance

• The company continues to focus on expanding its optoelectronic semiconductor business and maintaining a strong capital structure.

• Dividend policy emphasizes stable growth and future expansion, with cash dividends accounting for at least 10% of total dividends.