E-Lead Electronic (2497) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$3,320,310 thousand, up 23% year-over-year from NT$2,689,767 thousand.

• Net income attributable to parent for the same period was NT$259,377 thousand, a 35% increase from NT$192,033 thousand year-over-year.

• Basic EPS for the nine months was NT$2.11, compared to NT$1.56 in the prior year.

Financial highlights

• Gross profit margin improved to 25% for the nine months, up from 22% year-over-year.

• Operating income for the period was NT$256,036 thousand, up from NT$150,278 thousand year-over-year.

• Cash and cash equivalents at period end were NT$618,312 thousand.

• Total assets as of September 30, 2024, were NT$4,812,557 thousand, with total liabilities of NT$2,400,744 thousand.

Outlook and guidance

• The company continues to invest in automotive electronics, including HUDs, DMS, and ADAS, and expects ongoing growth in these segments.

• No major changes in accounting standards are expected to materially impact future results.