Chang Wah Technology Co., Ltd. · TPEX:6548
Chang Wah Technology — Q4 2024 Earnings Presentation
16 slides from Chang Wah Technology's earnings presentation, Feb 11, 2025
Slide 1: CWTC (6548 TT) – February 11, 2025
February 11, 2025 CWTC (6548 TT)
Slide 2: Forward-looking Statement
Forward-looking Statement Information included in this press release that are not historical in nature are "forward looking statements“. CWTC cautions readers that forward looking statements are based on CWTC’s reasonable knowledge and current expectations and are subject to various risks and uncert
Slide 3: Agenda
Agenda 4Q24 Financial Results 1Q25 Outlook 3
Slide 4: Statements of Comprehensive Income (Quarterly)
Statements of Comprehensive Income (Quarterly) NT$ mn 4Q24** 3Q24 QoQ 4Q23 YoY Revenue 3,169 3,128 1% 2,920 9% Gross Profit 748 788 -5% 654 14% Operating Profit 432 468 -8% 365 18% Non-Opersting Items 224 38 489% (13) 1823% Pretax Income 656 506 30% 352 86% Tax Expenses 120 73 64% 64 88% Net Income
Slide 5: Statements of Comprehensive Income (Cumulative)
Statements of Comprehensive Income (Cumulative) NT$ mn 2024** 2023 YoY Revenue 11,987 11,581 4% Gross Profit 2,885 2,601 11% Operating Profit 1,657 1,448 14% Non-Opersting Items 704 522 35% Pretax Income 2,361 1,970 20% Tax Expenses 430 373 15% Net Income to Shareholders of the Parent Company 1,896
Slide 6: Revenue by Front-end Process (Quarterly)
Revenue by Front-end process (Quarterly) 4Q 2024 4Q 2023 Stamping Etching Stamping Etching 45% 55% 51% 49% * Classified by sales amount (US$) 6
Slide 7: Revenue by Front-end Process (Yearly)
Revenue by Front-end process (Yearly) 2024 2023 Stamping Etching Stamping Etching 47% 53% 52% 48% * Classified by sales amount (US$) 7
Slide 8: Revenue by Product (Quarterly)
Revenue by Product (Quarterly) 4Q 2024 4Q 2023 EMC- EMC- QFN QFN 9% 10% Discrete IC Discrete IC 16% 32% 19% 33% QFP QFP QFN QFN 14% 16% 29% 22% Discrete：small outline transistor, SOT 註：依銷售金額分類(美元) 8
Slide 9: Revenue by Product (Yearly)
Revenue by Product (Yearly) 2024 2023 EMC- EMC- QFN QFN 9% 9% Discrete IC Discrete 32% IC 18% 19% 37% QFN QFP QFN 15% 20% QFP 26% 15% Discrete：small outline transistor, SOT 註：依銷售金額分類(美元) 9
Slide 10: Revenue by Application (Quarterly)
Revenue by Application (Quarterly) 4Q 2024 4Q 2023 Others Others 3% 3% Industrial Industrial 22% 20% 3C 3C 42% 47% Automotive Automotive 28% 35% 註：依銷售金額分類(美元) 10
Slide 11: Revenue by Application (Yearly)
Revenue by Application (Yearly) 2024 2023 Others Others 3% 3% Industrial Industrial 21% 22% 3C 3C 41% 46% Automotive Automotive 29% 35% 註：依銷售金額分類(美元) 11
Slide 12: Balance Sheet
Balance Sheet NT$ mn 4Q24* 3Q24 2Q24 1Q24 Cash & Marketable Securities 5,508 5,849 6,595 6,243 Accounts Receivable 2,567 2,666 2,436 2,293 Inventories 2,539 2,310 2,030 1,824 Net PP&E 3,627 3,678 3,805 3,914 Total Assets 21,576 22,170 21,449 20,417 Current Liabilities 4,910 5,535 5,909 5,981 Total L
Slide 13: Cash Flow Statement
Cash Flow Statement NT$ mn 4Q24** 3Q24 2Q24 1Q24 Beginning Balance 5,659 6,489 6,151 5,946 Cash from operating activities 548 218 305 745 Capital expenditures (84) (54) (92) (89) Cash dividends (382) (402) (374) (374) Short-term loans (630) (233) (82) (300) Bonds payable 0 0 0 0 Investments and othe
Slide 14: 1Q25 Outlook
4Q24 Financial Results 1Q25 Outlook 14
Slide 15: 1Q25 Guidance
1Q25 Guidance Based on our current business outlook, the management expects: • Revenue to be between NT$ 2.88 bn and NT$ 3.06 bn Based on the exchange rate assumption of 1 US dollar to 32.5 NT dollar, the management expects: • Gross margin to be between 21.4% and 24.4% • Operating margin to be betwe
Slide 16: Q&A – IR
Q&A Investor Presentation – IR [email protected] 16