Gold Circuit Electronics (2368) Q4 2024 earnings summary

Executive summary

• Revenue rose 30% year-over-year to NT$38.95 billion, with net profit up 59% to NT$5.62 billion for 2024.

• Gross margin improved to 29% from 26% in 2023, reflecting operational efficiency and higher sales.

• Cash and cash equivalents increased to NT$9.18 billion, supporting liquidity and future investments.

• Board proposed a cash dividend of NT$6.00 per share for 2024, up from NT$3.5 per share in 2023.

Financial highlights

• Operating income reached NT$8.07 billion, up 57% year-over-year; EPS was NT$11.54 (basic), up from NT$7.25.

• Total assets grew to NT$44.58 billion, with equity attributable to owners at NT$21.31 billion.

• Operating cash flow was NT$5.63 billion; net cash from financing activities was NT$323 million.

• Capital expenditures included NT$5.13 billion for property, plant, and equipment.

• Investment property fair value increased by NT$129 million, reflecting market appreciation.

Outlook and guidance

• Board proposed a 2024 cash dividend of NT$6.00 per share, reflecting strong earnings and cash flow.

• Legal reserve and cash dividend distribution for 2024 subject to shareholder approval.