JG Environmental Technology Co (6723) H2 2024 earnings summary

Executive summary

• Revenue for the year ended December 31, 2024, was NT$671.5 million, down 30% year-over-year from NT$959.0 million.

• Net income for the year was NT$23.9 million, a 67% decrease compared to NT$72.1 million in the prior year.

• Basic EPS was NT$1.06, down from NT$3.20 in the previous year.

• The audit opinion was unqualified, confirming compliance with IFRS and local regulations.

Financial highlights

• Gross profit margin was 18%, slightly down from 19% year-over-year.

• Operating income dropped to NT$27.4 million from NT$84.3 million year-over-year.

• Operating expenses remained stable at NT$96.1 million versus NT$98.1 million last year.

• Cash and cash equivalents at year-end were NT$100.4 million, up from NT$98.1 million.

• Total assets decreased to NT$750.5 million from NT$816.8 million year-over-year.

Outlook and guidance

• The board proposed a stock dividend of NT$0.70 per share for 2024, pending shareholder approval.

• No explicit forward-looking financial guidance was provided.