APAC Opto Electronics (4908) Q4 2024 earnings summary

Executive summary

• FY113 revenue was NT$936.2 million, down 0.55% year-over-year; net profit was NT$220.3 million, up 7.26% year-over-year; EPS reached NT$2.82; gross margin improved to 44.42%.

• Fiber module sales reached 1.34 million units, exceeding the annual target by 4.69%.

• R&D focused on high-speed optical modules for AI/data centers and FTTH, with several new products developed and ongoing cost/performance optimization.

• Strategic focus on R&D acceleration, vertical integration, and expanding customized solutions for industrial and niche markets.

Financial highlights

• Operating profit was NT$202.9 million; gross profit NT$415.9 million, up 3.60% year-over-year.

• ROA increased to 11.72% and ROE to 13.07% year-over-year.

• Net margin rose to 23.54% from 21.82% year-over-year.

• Cash dividend of NT$1.75 per share proposed; cash flow ratio improved to 179.63%.

Outlook and guidance

• FY114 fiber module sales target set at 1.45 million units.

• Continued investment in high-speed optical modules (400G/800G) for AI, cloud, and 5G applications.

• Ongoing focus on cost control, product mix optimization, and expanding global market share.