Executive Summary
Nano Electronics And Micro System T delivered a resilient QQ4 2024 profile characterized by a material sequential revenue acceleration but a year-over-year revenue decline, reflecting the cyclicality inherent in capital equipment across the semiconductor supply chain. Revenue for QQ4 2024 was NT$284.17 million, down 21.9% versus QQ4 2023 (NT$363.70 million) but up ~100% QoQ from QQ3 2024 (NT$142.09 million), signaling a seasonal rebound into year-end. Despite the topline softness versus the prior year, the company maintained strong profitability with a gross margin of 38.22% and an operating margin of 19.00%, producing NT$54.01 million of operating income and NT$68.66 million of EBITDA, underscoring operating leverage and disciplined cost control.
Key Performance Indicators
QoQ: 100.00% | YoY:-21.87%
QoQ: 87.61% | YoY:-10.85%
QoQ: 100.00% | YoY:-29.83%
QoQ: 100.00% | YoY:-22.25%
QoQ: 101.22% | YoY:-26.67%
Key Insights
Revenue (NT$): 284,170,000; YoY: -21.87%; QoQ: 100.00%
Gross Profit (NT$): 108,599,000; YoY: -10.85%; QoQ: 87.61%
Operating Income (NT$): 54,011,000; YoY: -29.83%; QoQ: 100.00%
Net Income (NT$): 47,556,000; YoY: -22.25%; QoQ: 100.00%
EPS (NT$): 1.65; Diluted: 1.62; YoY: -26.67%; QoQ: 101.22%
EBITDA (NT$): 68,655,000; EBITDA Margin: 24.16%
Gross Margin: 38.22%; Operating Margin: 19.00%; Net Margin: 16.74%
Operating Cash Flow (NT$): 91,355,000; Free Cash Flow (NT$): 90,689,000
Cash and Equivalents...
Financial Highlights
Revenue (NT$): 284,170,000; YoY: -21.87%; QoQ: 100.00%
Gross Profit (NT$): 108,599,000; YoY: -10.85%; QoQ: 87.61%
Operating Income (NT$): 54,011,000; YoY: -29.83%; QoQ: 100.00%
Net Income (NT$): 47,556,000; YoY: -22.25%; QoQ: 100.00%
EPS (NT$): 1.65; Diluted: 1.62; YoY: -26.67%; QoQ: 101.22%
EBITDA (NT$): 68,655,000; EBITDA Margin: 24.16%
Gross Margin: 38.22%; Operating Margin: 19.00%; Net Margin: 16.74%
Operating Cash Flow (NT$): 91,355,000; Free Cash Flow (NT$): 90,689,000
Cash and Equivalents (NT$): 465,474,000; Total Assets (NT$): 1,087,139,000
Total Liabilities (NT$): 341,087,000; Shareholders’ Equity (NT$): 746,052,000; Net Cash Position: NT$ -303,546,000 (net debt)
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
284.17M |
-21.87% |
100.00% |
| Gross Profit |
108.60M |
-10.85% |
87.61% |
| Operating Income |
54.01M |
-29.83% |
100.00% |
| Net Income |
47.56M |
-22.25% |
100.00% |
| EPS |
1.65 |
-26.67% |
101.22% |
Key Financial Ratios
operatingProfitMargin
19%
operatingCashFlowPerShare
$3.17
freeCashFlowPerShare
$3.14
dividendPayoutRatio
121.4%
Management Commentary
Transcript data not provided in the available materials. No earnings call quotes or management commentary are available for extraction. This section would normally capture themes on strategy, operations, and market conditions if transcripts were provided.
Forward Guidance
No formal forward guidance was disclosed in the QQ4 2024 release. Given the cyclicality of industrial machinery and semiconductor capex, investors should monitor: (1) order backlog and visibility for 2025, (2) potential revisions to capex plans among key customers in semiconductor and PCB fabrication, and (3) product mix evolution toward high-margin plasma cleaning and air-pollution removal equipment. The strong cash position provides optionality to fund R&D, service revenue expansion, or selective tuck-in acquisitions, but achievability of any implicit targets will hinge on capital expenditure cycles and end-market demand.