2024/11/05
Announced FY2024 3Q Financial Results and 1H Profit Distribution Plan
Nova´s Q3 GM, OPM, and NPM All Rise; EPS Reaches NT$6.07, 72.44% YoY – A Historic High for a Single quarter; Board Approves NT$ 3 Cash Dividend per Share for 1H24
Date: November 5, 2024
HSINCHU, Taiwan– NOVA Technology Corp. (“NOVA,” Taipei Stock Exchange: 6613 TT), reported a consolidated revenue for FY2024 3Q reached NT$2,749 million, 13.94% (YoY) today. The net profit after tax attributable to the parent was NT$453 million, 82.75%(YoY), with earnings per share (EPS) at NT$6.07, 72.44% (YoY), setting a historical high. For the first three quarters of 2024, the cumulative consolidated revenue was NT$7,362 million, 14.06%(YoY). The net profit attributable to the shareholders of the parent was NT$848 million, 20.36%(YoY). The earnings per share (EPS) was NT$11.39, 11.01%(YoY), also achieving a new high for the same period in history.
In addition, the Board of Directors resolved today to approve the profit distribution plan for the first half of 2024, proposing a cash dividend of NT$3 per share (based on a par value of NT$5 per share), totaling a cash dividend of NT$226 million. The ex-dividend date is set for February 21, 2025, and the payment date is March 14, 2025, reflecting the company's commitment to promptly return its operating achievements to all shareholders.
Nova indicated that the third quarter operations achieved a record high for a single quarter, primarily benefiting from the surge in urgent orders from clients in the semiconductor industry and an increase in demand for small-scale projects. This has optimized the order recognition structure. Continuous improvements in raw material procurement and professional manpower allocation have also contributed to maintaining a high level of order recognition. As a result, the overall gross margin for the first third quarter reached 29%, making a 5 percentage point improvement compared to the same period last year, setting a record. With stringent expense management reflecting good operational efficiency, the first third quarter operating profit margin and net profit margin after tax reached 18% and 13%, respectively, showcasing a strong performance with all three key financial indicators on the rise.
Looking ahead, with a solid order backlog at a good level, Nova remains committed to achieving its operational growth target for the year. Given the clear trend towards semiconductor self-sufficiency in various countries, the company continues to enhance its business footprint in China, Taiwan, and Southeast Asia. Efforts will focus on the comprehensive integration of vertical and horizontal resources to actively expand overall business order performance, while also enhancing talent development in different regions and investing in new technology development and patent strategies, all aimed at driving strong growth in future operations.
NOVA 3Q24 Financial Results：
NTD’000；％
Year
|
2024/3Q |
2023/3Q |
YOY(％) |
2024/1-3Q |
2023/1-3Q |
YOY(％) |
| Revenue (NT$K) | 2,749,438 | 2,412,990 | 13.94% | 7,362,431 | 6,454,784 | 14.06% |
| Profit (loss), attributable to owners of parent (NT$K) | 452,984 | 247,868 | 82.75% | 848,076 | 704,608 | 20.36% |
| EPS without tax (NT$) | 6.07 | 3.52 | 72.44% | 11.39 | 10.26 | 11.01% |
NOVA 1H24 Profit Distribution Plan：
| Year Period |
2024/1H | 2023/1H | 2022/1H |
| Cash Dividend per share | 3 | 3.5 | 2 |