Gold Circuit Electronics (2368) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2024 was NT$13.85 billion, up 45% year-over-year; first half revenue reached NT$25.92 billion, up 39%.

• Net income for Q2 2024 was NT$1.69 billion, up 11% year-over-year; first half net income was NT$3.45 billion, up 26%.

• Basic EPS for Q2 2024 was NT$3.48, and NT$7.08 for the first half, both higher than the prior year.

Financial highlights

• Gross margin for Q2 2024 was 30%, slightly down from 32% last year; operating margin was 21%.

• Operating income for Q2 2024 was NT$2.87 billion, up 30% year-over-year.

• Cash and equivalents at June 30, 2024 were NT$8.91 billion.

• Total assets increased to NT$51.91 billion from NT$38.16 billion a year ago.

• Total liabilities rose to NT$31.31 billion, with equity at NT$20.60 billion.

Outlook and guidance

• Management continues to monitor IFRS changes and expects no material impact from new standards.

• Ongoing evaluation of market and regulatory changes, with no major guidance revision disclosed.