2025/02/25
Announced FY2024 Financial Results and 2H Profit Distribution Plan Press Release
Nova Achieves Record High Profits FY2024, with EPS Reaching NT$17.1 and Annual Growth of 14.38% Proposed Cash Dividend of NT$9 per Share for 2H 2024, Resulting in a Payout Ratio of 70%
Date: February 25, 2025
Nova Technology Corp. (“NOVA,” Taipei Stock Exchange: 6613 TT) announced today that its consolidated revenue for the entirety of 2024 reached NT$10.38 billion, marking a 13.59% year-on-year increase, with net profit attributable to the owners of the parent company at NT$1.28 billion, representing a 22.71% annual growth. This growth is attributed to the company's aggressive expansion of its business territories and robust demand from key customers in the semiconductor industry, driving revenue and profits to record highs for 2024. Despite an increase in capital due to the conversion of convertible bonds into common stock, the earnings per share (EPS) for 2024 still reached NT$17.1, a 14.38% year-on-year increase.
Nova has consistently delivered record performances for four consecutive years, benefiting from successful strategies in expanding orders in Taiwan, China, and Southeast Asia. In 2024, revenue from Taiwan and China accounted for 29.84% and 59.39%, respectively. Furthermore, revenue from other regions, including Southeast Asia, saw a significant year-on-year increase of 42.69%, thanks to order recognition from Singapore and Malaysia, achieving record highs in these areas. In response to customer demand in the semiconductor industry, Nova continues to steadily expand its professional workforce while enhancing its raw material supply chain management, resulting in an overall gross margin of 29.81% and an operating margin of 18.51% for 2024, both representing an increase of 17.18 and 14.54 percentage points year-on-year, thereby enhancing operational profitability. Considering its ample capital reserves and sound financial standing, Nova’s board of directors has approved a proposal for the distribution of earnings for the second half of 2024, with a planned cash dividend of NT$9 per share (based on a par value of NT$ 5 per share). When combined with the cash dividend of NT$ 2.90173206 per share approved for the first half of 2024, the total payout rate for 2024 will reach70%. This marks the eighth consecutive year of maintaining a dividend payout rate above 66%. Based on the closing price of NT$ 228 on February 25, the dividend yield will reach 5.22%, aiming to share the operational success with all shareholders. Looking ahead, Nova remains optimistic about the clear trends of de-globalization in the semiconductor industry, alongside the surge in demand driven by the AI wave for advanced packaging capabilities. With recent enhancements in multi-regional order procurement, vertical-horizontal resource integration, and expanded regional team strategies, Nova has successfully established a subsidiary in Malaysia to deepen local business procurement initiatives. Additionally, the company is integrating group resources to seize business cooperation opportunities in Japan, significantly contributing to overall business development and operational momentum in the future.
Nova FY2024 Financial Results： NTD’000；％
Year
|
2024 |
2023 |
YOY％ |
| Revenue (NT$K) | 10,382,310 | 9,139,994 | 13.59% |
| Profit (loss), attributable to wners of parent (NT$K) |
1,278,793 | 1,042,089 | 22.71% |
| EPS(NT$) | 17.10 | 14.95 | 14.38% |
Note: The latest issued common shares of Nova currently amount to 77,801 thousand shares.
NOVA 2H24 Profit Distribution Plan：
| Year Period |
2024/2H |
2024/1H |
| Cash Dividend per share | 9 | 2.90173206 |