E-Lead Electronic (2497) Q4 2024 earnings summary

Executive summary

• Revenue increased 23% year-over-year to NT$4,623 million, driven by growth in all major segments.

• Net income rose 63% year-over-year to NT$380 million, with EPS up to NT$3.09 from NT$1.89.

• Gross margin improved to 26% from 24% year-over-year.

• Board approved a cash dividend of NT$2 per share for 2024.

Financial highlights

• Operating profit increased to NT$449 million, up from NT$249 million in 2023.

• Cash and cash equivalents at year-end were NT$764 million, down from NT$853 million.

• Total assets grew to NT$4,721 million, up from NT$4,390 million.

• Operating cash flow was NT$485 million, up from NT$470 million.

• Inventory write-downs totaled NT$42 million, up from NT$33 million.

Outlook and guidance

• Management expects continued growth in automotive electronics, especially in China and Southeast Asia.

• New product launches and expansion in India are anticipated to support future revenue.