ShunSin Technology (6451) Q4 2025 earnings summary

Executive summary

• Revenue for the year ended December 31, 2024, was NT$7,531,930 thousand, up 45% year-over-year from NT$5,188,000 thousand in 2023.

• Net income attributable to owners was NT$27,516 thousand, compared to NT$42,656 thousand in 2023.

• Gross margin improved to 16% from 13% year-over-year.

• Basic and diluted EPS were NT$0.26, down from NT$0.40 in the prior year.

• Major customers A, B, and C accounted for 65% of total revenue.

Financial highlights

• Operating income was NT$164,864 thousand, reversing an operating loss of NT$226,867 thousand in 2023.

• Operating expenses increased to NT$1,053,512 thousand from NT$910,465 thousand year-over-year.

• Cash and cash equivalents at year-end were NT$4,833,360 thousand, down from NT$6,928,431 thousand.

• Total assets increased to NT$19,142,413 thousand from NT$16,784,513 thousand.

• Total liabilities rose to NT$11,469,309 thousand from NT$9,002,996 thousand.

Outlook and guidance

• Management expects continued adoption of new IFRS standards will not have a material impact.

• The company is monitoring global minimum tax regulations and expects to comply as new jurisdictions implement them.