King Yuan Electronics Company (2449) Q2 2025 earnings summary

Executive summary

• Net revenue for Q2'25 reached NT$8,361.9 million, up 27.8% year-over-year and 14.3% sequentially from Q1'25.

• Net sales for the six months ended June 30, 2025, reached NT$15,677,364 thousand, up from NT$12,520,379 thousand year-over-year.

• Profit attributable to the company was NT$2,175.2 million in Q2'25, a 14.3% increase year-over-year but a 49.3% decrease sequentially.

• Net income attributable to owners for the six months was NT$6,465,472 thousand, a substantial increase from NT$3,271,243 thousand in the prior year period.

• The company completed the disposal of its 92.16% stake in King Long Technology (Suzhou) Ltd., resulting in a gain of NT$4,431,196 thousand, recognized as discontinued operations.

Financial highlights

• Gross margin for Q2'25 was 35.5%, up 0.2 percentage points year-over-year and 2 percentage points sequentially.

• Gross profit margin for the six months was 35%, consistent with the prior year.

• Operating profit margin improved to 26.0% in Q2'25, up 1.6 percentage points year-over-year and 5.2 percentage points sequentially.

• EBITDA for Q2'25 was NT$3,944.5 million, with an EBITDA margin of 47.2%.

• Basic EPS for the six months was NT$5.29, up from NT$2.68 year-over-year.

Outlook and guidance

• Forward-looking statements indicate expectations of continued growth, but actual results may differ due to various risk factors.

• The Board resolved to issue 80,000 thousand new shares and increase investment in KYEC Singapore PTE. Ltd. by SGD 100,000 thousand.