Tongfu Microelectronics (002156) H2 2024 earnings summary

Executive summary

• Achieved revenue of ¥23.88 billion in 2024, up 7.24% year-over-year, with net profit attributable to shareholders of ¥678 million, a 299.90% increase year-over-year.

• EBITDA reached ¥4.815 billion, up 9.38% year-over-year.

• Benefited from industry recovery, strong demand in data centers, automotive electronics, and consumer electronics.

• Advanced packaging and high-end product sales increased significantly, with improved cost control and operational efficiency.

Financial highlights

• Revenue: ¥23.88 billion, up 7.24% year-over-year.

• Net profit attributable to shareholders: ¥678 million, up 299.90% year-over-year.

• Basic and diluted EPS: ¥0.45, up 309.09% year-over-year.

• Gross margin for IC packaging and testing: 14.50%, up 3.00 percentage points year-over-year.

• EBITDA: ¥4.815 billion, up 9.38% year-over-year.

• Operating cash flow: ¥3.88 billion, down 9.68% year-over-year.

Outlook and guidance

• 2025 revenue target set at ¥26.5 billion, a 10.96% increase over 2024.

• Plans to invest ¥6 billion in facilities, equipment, IT, and R&D in 2025.

• Focus on advanced packaging, AI, automotive, and international expansion.