Taiwan’s Advanced Energy Solution Holding reported robust December earnings, with monthly net income jumping 53.4% year-over-year to NT$243 million (US$7.7 million), driven by growing demand for server backup batteries.
The battery manufacturer’s December revenue climbed 38.7% to NT$1.19 billion, while earnings per share reached NT$2.84. The strong performance in the final two months of 2024, totaling NT$5.06 per share, positions AES-KY for its third-highest annual profit on record.
The company’s growth is largely tied to the potential inclusion of backup battery units as standard components in GB300 servers. This prospect has helped push AES stock price above NT$1,000, with shares closing at NT$1,240 on January 21, up 1.22%.
Including the first three quarters’ earnings of NT$16.9 per share, AES-KY is set to exceed double its share capital in 2024 profits. While impressive, these results would still trail the company’s peak performances in 2021 and 2022, when it posted earnings per share of NT$30.18 and NT$37.67, respectively.
The figures were released in response to a regulatory request for December preliminary results.
