Financial Performance - Revenue for the year ending December 31, 2024, is projected to decrease by approximately 30.08% to NT$931.96 million from NT$1,332.83 million for the year ending December 31, 2023[7]. - Net profit attributable to owners for the year ending December 31, 2024, is expected to decline by about 73.21% to NT$24.28 million from NT$90.64 million for the year ending December 31, 2023[7]. - Basic earnings per share for the year ending December 31, 2024, is forecasted to drop to NT$2.43 from NT$9.06 for the year ending December 31, 2023[7]. - Gross profit for the year ending December 31, 2024, is projected to be NT$263.33 million, down from NT$325.96 million in 2023[8]. - Total comprehensive income attributable to owners for the year ending December 31, 2024, is expected to be NT$14.87 million, down from NT$93.10 million in 2023[8]. - The company reported a net loss of NT$9.42 million in foreign exchange differences for the year ending December 31, 2024, compared to a gain of NT$2.47 million in 2023[8]. - Total revenue for 2024 was NT$849,051,000, a decrease from NT$1,184,757,000 in 2023, representing a decline of approximately 28.4%[35]. - The company's income tax expense for 2024 is NT$67,975,000, compared to NT$35,643,000 in 2023, reflecting a significant increase[37]. - The company's basic earnings per share for 2024 is NT$2.43, down from NT$9.06 in 2023, indicating a decline in profitability[41]. Dividends and Shareholder Returns - The board of directors does not recommend the distribution of dividends for the year ending December 31, 2024, consistent with 2023[7]. - The company has no proposed dividends for the fiscal year ending December 31, 2024, maintaining a zero dividend policy as in 2023[40]. - The board of directors does not recommend the payment of dividends for the year ending December 31, 2024[87]. Assets and Liabilities - Total assets increased to NT$2,444,504,000 in 2024 from NT$2,102,883,000 in 2023, representing a growth of approximately 16.2%[9]. - Total liabilities increased to NT$1,624,027,000 in 2024 from NT$1,297,271,000 in 2023, indicating a rise of around 25.2%[9]. - Non-current liabilities decreased from NT$181,034,000 in 2023 to NT$138,648,000 in 2024, showing a reduction of approximately 23.3%[9]. - Total equity rose to NT$820,477,000 in 2024, up from NT$805,612,000 in 2023, which is an increase of about 1.8%[9]. - As of December 31, 2024, the group's total borrowings amounted to approximately NT$591.79 million, a decrease from NT$616.53 million as of December 31, 2023[78]. - The group's asset-liability ratio is approximately 48.45% as of December 31, 2024, down from 57.82% as of December 31, 2023[78]. Revenue Sources - Revenue from integrated solutions was approximately NT$418.45 million, accounting for about 44.9% of total revenue, compared to 53.19% in 2023[65]. - Revenue from the sale of parts and second-hand semiconductor manufacturing equipment was approximately NT$513.51 million, representing about 55.10% of total revenue, up from 46.81% in 2023[67]. - Major customer A contributed NT$523,306 thousand to total revenue in 2023, which is over 10% of the total revenue[30]. - Customer B's contribution to total revenue was NT$204,987 thousand in 2023, which is over 10% of the total revenue[30]. - Revenue from the Taiwan region was NT$745,654 thousand in 2023, while it is projected to be NT$416,420 thousand in 2024, reflecting a decrease of about 44%[28]. - Revenue from the United States was NT$220,446 thousand in 2023, with a projected decrease to NT$186,049 thousand in 2024, representing a decline of approximately 16%[28]. - Revenue from China decreased from NT$281,730 thousand in 2023 to NT$161,186 thousand in 2024, a drop of about 43%[28]. Operational Expenses - Operating expenses for the year ending December 31, 2024, are expected to be NT$132.12 million, slightly up from NT$128.99 million in 2023[8]. - The cost of goods sold for 2024 was NT$668,625,000, down from NT$1,006,867,000 in 2023, indicating a reduction of approximately 33.5%[36]. - The company's employee benefits expenses remained stable at NT$245,291,000 in 2024, slightly up from NT$244,096,000 in 2023[35]. Research and Development - Research and development expenses increased to NT$1,194,000 in 2024 from NT$734,000 in 2023, marking a rise of approximately 62.8%[35]. Market Trends and Projections - The global semiconductor chip sales are projected to grow by 19.1% to US$627.6 billion in 2024, driven by strong demand for AI processors and memory[59]. - Taiwan's semiconductor industry output value is expected to reach NT$4.76 trillion in 2024, marking a growth of 21.3%[59]. - The company anticipates that advanced chips will continue to drive growth in Taiwan's semiconductor industry, with an expected increase of 15.9% in overall output value by 2025[59]. - The global automotive semiconductor market is projected to exceed $47.45 billion in 2024, with a compound annual growth rate (CAGR) of over 8.3% expected from 2025 to 2037[62]. Compliance and Governance - The group operates under the Hong Kong Financial Reporting Standards and complies with GEM listing rules[15][16]. - The group has not adopted new standards or amendments that will take effect from January 1, 2024, which are expected to have a significant impact on current or future periods[21]. - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2024, confirming compliance with applicable accounting standards and GEM listing rules[94]. - The auditors, PwC, confirmed that the financial figures in the preliminary announcement are consistent with the audited consolidated financial statements for the year ending December 31, 2024[96]. Employee and Corporate Structure - The group employed approximately 260 employees as of December 31, 2024, with competitive salary reviews conducted annually[86]. - The group maintains a 100% ownership in its subsidiaries, ensuring full control over its operations and strategic direction[14].
靖洋集团(08257) - 2024 - 年度业绩