Cowell e (1415) H2 2024 earnings summary

Executive summary

• Revenue surged 170% year-over-year to US$2,494.3 million, driven by strong demand for precision optical modules and expansion into new markets.

• Net profit attributable to equity shareholders rose 155.54% to US$119.1 million, reflecting robust operational performance.

• The company maintained its leading position in optical modules for mobile devices, smart driving, and emerging technologies.

Financial highlights

• Gross profit increased to US$290.9 million from US$127.8 million year-over-year.

• Operating profit rose to US$156.4 million from US$59.7 million, and net profit reached US$120.4 million from US$46.4 million.

• Basic earnings per share climbed to US13.9 cents, up 152.73% year-over-year.

• Total assets grew to US$1,442.6 million, and total equity to US$523.7 million as of year-end.

• No dividend was declared for the year.

Outlook and guidance

• Plans to increase R&D investment, accelerate new product mass production, and optimize the supply chain.

• Focus on AI, AR/VR, LiDAR, and MicroLED technologies to capture growth in smart devices and automation.

• Aims to expand customer base, enrich product portfolio, and enhance process automation for sustained growth.