ShunSin Technology (6451) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2024 was NT$1,697 million, up 25% year-over-year; net income for the quarter was NT$137 million, reversing a net loss in the prior year.

• For the first nine months of 2024, revenue reached NT$5,462 million, a 56% increase year-over-year, with a net loss of NT$54 million, compared to a net profit of NT$12 million in the same period last year.

• Gross margin for Q3 2024 improved to 24% from 8% in Q3 2023, reflecting better cost control and product mix.

• The company completed a significant acquisition in July 2023, expanding into semiconductor packaging and testing services.

Financial highlights

• Q3 2024 operating income was NT$129 million, compared to an operating loss of NT$129 million in Q3 2023.

• EBITDA for the first nine months of 2024 improved due to higher revenue and cost efficiencies.

• Basic and diluted EPS for Q3 2024 were NT$1.00, up from NT$0.08 in Q3 2023.

• Cash and cash equivalents at September 30, 2024, were NT$3,977 million, down from NT$6,928 million at year-end 2023.

• Short-term borrowings increased to NT$5,270 million from NT$4,653 million at year-end 2023.

Outlook and guidance

• Management expects continued revenue growth driven by expanded product lines and increased customer demand.

• No significant seasonal or cyclical factors are expected to impact operations.