The accumulated earnings per share (EPS) for fiscal 2024 is NTD 1.11

Total distribution from cash dividend and cash capital reduction proposes at NTD 2.91 per share

Qisda (TWSE: 2352) today announces its fiscal 2024 financial results, reporting an earnings per share (EPS) of NTD 1.11 and a cash dividend of NTD 1.11 per share, payout ratio around 100%. To adjust the capital structure and improve the return on equity, Qisda proposed a cash refund capital reduction plan. Shareholders would receive around NTD 1.8 per share in cash. Combined with NTD 1.11 per share from the 2024 earnings distribution, the total proposed distribution amounts to NTD 2.91 per share.

Qisda will hold an investor conference on March 6 to explain the results of fiscal 2024 and the future outlook.

Qisda plans to implement a cash capital reduction of 18%, reducing its capital from the current NTD 19.27 billion to NTD 15.8 billion. Shareholders will receive approximately NTD 1.8 per share in cash. The proposal will be submitted for approval at the Annual General Meeting on May 29.

Driven by its expansion into high value-added businesses such as medical business, Qisda has continued to improve its gross margin. In 2024, the company’s gross margin reached 16.5%, surpassing 16% for the second consecutive year and marking a 20-year high. While revenue and profit from the display business both increased compared to the previous year, final profitability was impacted by inventory write-downs at overseas subsidiaries in the smart solutions segment and inventory adjustments by customers in the networking business.

In Q4 2024, Qisda reported consolidated revenue of NTD 54.101 billion, marking the highest quarterly revenue in nearly two years. The company achieved a gross profit of NTD 8.84 billion, operating income of NTD 1.163 billion, net income of NTD 0.417 billion, net income attributable to Qisda of NTD 0.191 billion, and earnings per share (EPS) of NTD 0.1.

Qisda's consolidated revenue for fiscal 2024 was NTD 201.7 billion, with a gross profit of NTD 33.18 billion, operating income of NTD 4.52 billion, net income of NTD 2.814 billion, net income attributable to Qisda of NTD 2.164 billion, and earnings per share (EPS) of NTD 1.11.