Yankey Engineering (6691) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements received an unmodified audit opinion, confirming fair presentation in accordance with IFRS and local regulations.

• Main business is design and installation of electrical and mechanical engineering projects, with revenue primarily from construction contracts.

• The company considers itself a single operating segment for financial reporting.

Financial highlights

• Operating revenue for 2024 was NT$15,192,054 thousand, a slight decrease from NT$15,513,571 thousand in 2023.

• Net income rose to NT$2,030,002 thousand in 2024 from NT$1,767,219 thousand in 2023.

• Gross profit margin was 20% in 2024, up from 17% in 2023.

• Basic earnings per share increased to NT$19.36 in 2024 from NT$16.85 in 2023.

• Cash and cash equivalents at year-end 2024 were NT$5,202,604 thousand, up from NT$3,735,720 thousand.

Outlook and guidance

• The company expects to recognize NT$42,043,991 thousand in outstanding performance obligations over the next one to three years.

• Proposed 2024 earnings distribution includes NT$203,000 thousand legal reserve, NT$1,677,874 thousand cash dividends, and NT$157,301 thousand share dividends.