Sunrex Technology (2387) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements for the years ended December 31, 2024 and 2023 were audited and present fairly in all material respects in accordance with IFRS and local regulations.

• The group is primarily engaged in manufacturing and trading of laptop computer keyboards and related products, with global operations and subsidiaries.

Financial highlights

• Operating revenue increased to NT$23,548,015 thousand in 2024, up 8.9% year-over-year from NT$21,614,782 thousand.

• Net profit attributable to owners of the parent was NT$1,511,550 thousand in 2024, up from NT$1,253,569 thousand in 2023.

• Basic earnings per share rose to NT$7.81 in 2024 from NT$6.50 in 2023.

• Total assets grew to NT$21,961,289 thousand at year-end 2024, compared to NT$19,598,070 thousand at year-end 2023.

• Cash and cash equivalents increased to NT$5,345,529 thousand at December 31, 2024.

Outlook and guidance

• The Board proposed a 2024 cash dividend of NT$4.00 per share, pending shareholder approval.

• The group continues to invest in new subsidiaries and expand operations in Southeast Asia, including Singapore, Thailand, and Vietnam.