Gudeng Precision, a key supplier to semiconductor giant TSMC, disclosed its February 2024 financial outcomes, highlighting a resilient upward trajectory in its operations. The company’s consolidated revenue for the month stood at NT$436 million, reflecting an 11.57% decrease from January but a 2.3% year-over-year increase. The cumulative revenue for the first two months of 2024 exhibited a notable surge, tallying approximately NT$930 million, a 26% increase from the prior year’s corresponding period.
The company attributes the monthly revenue dip partly to the reduced number of working days due to the Chinese New Year celebrations, yet maintains a positive outlook for the forthcoming quarters, underpinned by robust ongoing business performance. Gudeng Precision’s enduring success is mirrored in its consistent double-digit annual growth since 2019, alongside robust profitability, setting a promising stage for 2024.
Highlighting its financial health, Gudeng Precision announced a substantial cash dividend of 3.5 yuan per share for the latter half of 2023, culminating in a yearly dividend of 7.77 yuan per share. This move underscores the company’s strong earnings and its commitment to rewarding shareholders, maintaining a payout ratio above 70%.
