Qisda Corporation approved its 2024 financial report with earnings per share of NT$1.11 ($0.035), planning to distribute the full amount as cash dividends. The company’s board also passed a cash capital reduction plan, proposing to return approximately NT$1.8 ($0.057) per share to shareholders.
The Taiwanese electronics manufacturer will hold an investor conference on the 6th to discuss last year’s operational results and this year’s outlook. The combined payout to shareholders, including both the dividend and capital reduction, will total NT$2.91 ($0.092) per share.
The proposed 18% cash capital reduction would decrease Qisda’s share capital from approximately NT$19.27 billion to NT$15.8 billion. This measure requires approval at the May 29 annual shareholders’ meeting.
According to Qisda, its gross profit margin has continued to improve due to its expansion into high-value-added businesses like medical solutions. The company’s 2024 gross profit margin reached 16.5%, exceeding 16% for the second consecutive year and hitting a 20-year high.
Despite increased revenue and profits in its display business compared to the previous year, Qisda’s overall profitability was affected by inventory devaluation losses from overseas subsidiaries in its smart solutions segment and inventory adjustments from network communications clients.
In the fourth quarter of 2024, Qisda reported consolidated revenue of NT$54.1 billion, its highest quarterly figure in nearly two years. The company posted a gross profit of NT$8.84 billion, operating income of NT$1.16 billion, and net profit after tax of NT$191 million, translating to earnings per share of NT$0.1.
