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Event2025-03-03
Chicony Power announces record EPS for 6th consecutive years. 2024 EPS was NT$8.34.
Chicony Power Technology Co., Ltd. (6412.TW) today announced its financial results for fiscal 2024. The company delivered the 6th consecutive year of record results, with full year EPS reaching NT$8.34, hitting a new high ever.
In 2024, the company's consolidated revenues was NT$37,176 million, up 2.4% YoY. Gross margin, operating margin, and net margin were 20.2%, 10.2%, 9.0%, respectively. Basic EPS was NT$8.34, up 0.8% YoY.
In 4Q24, the company's EPS reached NT$2.15, down 12.6% YoY. Gross margin, operating margin, and net margin for the quarter were 18.5%, 8.7%, and 8.7%, respectively.
In addition, Chicony Power's Board of Directors today resolved to propose a cash dividend of NT$6.0 per share for 2024. Dividend payout ratio reached 71.9%. For the past 12 years, the company's dividend payout ratio has consistently exceeded 70%.
Last, the company also announced unaudited consolidated February sales of NT$2,707 million, up 8.4% YoY. For the first two months, accumulated revenues totaled NT$5,402 million, up 2.4% YoY.
| (NT$ million) | 4Q24 | 3Q24 | QoQ% | 4Q23 | YoY % |
|---|---|---|---|---|---|
| Net Sales | 9,870 | 10,363 | -4.8 | 9,009 | 9.6 |
| Gross Profit | 1,821 | 2,176 | -16.3 | 2,084 | -12.6 |
| Operating Profit | 858 | 1,240 | -30.9 | 1,129 | -24.1 |
| Pre-tax income | 1,062 | 1,104 | -3.8 | 1,250 | -15.0 |
| Net Income attributable to parent | 861 | 887 | -2.9 | 982 | -12.3 |
| After Tax EPS (NT$) | 2.15 | 2.21 | -2.7 | 2.46 | -12.6 |
| Profit margins % | |||||
| GPM | 18.5 | 21.0 | -2.5ppt | 23.1 | -4.7ppt |
| OPM | 8.7 | 12.0 | -3.3ppt | 12.5 | -3.8ppt |
| NPM | 8.7 | 8.6 | +0.1ppt | 10.9 | -2.2ppt |
| (NT$ million) | 2024 | 2023 | YoY % |
|---|---|---|---|
| Net Sales | 37,176 | 36,311 | 2.4 |
| Gross Profit | 7,492 | 7,700 | -2.7 |
| Operating Profit | 3,795 | 3,961 | -4.2 |
| Pre-tax income | 4,148 | 4,168 | -0.5 |
| Net Income attributable to parent | 3,341 | 3,295 | 1.4 |
| After Tax EPS (NT$) | 8.34 | 8.27 | 0.8 |
| Profit margins % | |||
| GPM | 20.2 | 21.2 | -1.1ppt |
| OPM | 10.2 | 10.9 | -0.7ppt |
| NPM | 9.0 | 9.1 | -0.1ppt |
