Fitipower Integrated Technology Inc. Reports Fourth-Quarter Consolidated Results

  Fitipower Technology Co., Ltd. (Stock Code: 4961) held an investor

  conference today (14th) to present the preliminary consolidated financial

  report for Q4 2024:

  Q4 consolidated revenue: NT$5.146 billion, down 3.03% Q/Q but up 36.61%

  Y/Y.

  Q4 gross margin: 26.16%, down 1.91 percentage points Q/Q and down 7.62

  percentage points Y/Y.

  Q4 operating profit: NT$497 million, down 19.63% Q/Q and down 14.47% Y/Y.

  Q4 net profit: NT$623 million, with EPS of NT$3.80.

  2024 full-year revenue: NT$19.199 billion, up 17.89% Y/Y, with EPS of

  NT$16.08.

  Consolidated Revenue

  For Q4 2024, net revenue was NT$5.146 billion, down 3.03% Q/Q but up

  36.61% Y/Y, mainly due to changes in product mix.For full-year 2024,

  net revenue was NT$19.199 billion, an increase of 17.89% Y/Y.

  Gross Profit and Gross Margin

  Q4 gross profit: NT$1.346 billion, down 9.63% Q/Q but up 5.78% Y/Y.

  Q4 gross margin: 26.16%, down 1.91 percentage points Q/Q and down 7.62

  percentage points Y/Y, mainly reflecting product mix changes.

  Full-year 2024 gross profit: NT$5.492 billion, up 3.98% Y/Y, with an

  annual gross margin of 28.61%, down 3.82 percentage points Y/Y.

  Net Profit, Net Profit Margin, and EPS

  Q4 net profit: NT$623 million, down 8.86% Q/Q but up 1.92% Y/Y.

  Q4 net profit margin: 12.12%, lower than 12.90% in Q3 and 16.25% in Q4

  2023.

  Q4 EPS: NT$3.80, lower than NT$4.19 in Q3 and NT$4.43 in Q4 2023. The

  decline in Q/Q net profit, net profit margin, and EPS was mainly due to

  product mix changes. Y/Y net profit increased, but net profit margin and

  EPS decreased due to product mix changes. Full-year 2024 net profit:

  NT$2.491 billion, up 5.25% Y/Y. 2024 EPS: NT$16.08, higher than NT$13.29

  in 2023.