Chroma ATE (2360) investor relations material

Executive summary

• Net sales reached TWD 11.8 billion in Q1, up 73% year-over-year and 38% sequentially, marking a record high.

• Gross margin was 63%, the second highest quarterly level, with gross profit at TWD 7.4 billion.

• Operating income was TWD 4.8 billion, up 61% quarter-over-quarter and 122% year-over-year.

• Net income reached TWD 3.9 billion, up 49% sequentially and 83% year-over-year.

• Earnings per share were TWD 9.12, up 51% quarter-over-quarter and 81% year-over-year.

Financial highlights

• Cash and short-term investments grew 10% from last year-end, totaling TWD 9,143 million.

• Free cash flow reached TWD 5,321 million, an 89% increase year-over-year.

• Total assets reached TWD 54.6 billion, a 16% increase.

• Inventory turnover was 172 days; accounts receivable turnover was 77 days.

• Net debt to equity remains net cash; return on assets at 51%, up from 29% last year-end.

Outlook and guidance

• Anticipates continued strong results in testing instruments and ATS for the year.

• Expects battery cell project to contribute to revenue from Q2 onward.

• Considering upward revision of forecasts for coming quarters due to increasing demand and longer cycle times.

• Sufficient capacity planned for the next 3–5 years, retaining both north and south towers for future expansion.

• Forward-looking statements indicate expectations for continued revenue growth and profitability, but caution is advised due to substantial risks and uncertainties.