ChipMOS TECHNOLOGIES Inc (FRA:CPIA)

Q4 2024 ChipMOS Technologies Inc Earnings Call Transcript

Feb 25, 2025 / 07:00AM GMT

Release Date Price: €19.3 (-0.52%)

Transcript

Key Points

Positve

ChipMOS TECHNOLOGIES Inc (IMOS) reported a 6.3% increase in full-year 2024 revenue compared to 2023.
The company announced a share repurchase program and another dividend, reflecting strong market position and focus on shareholder value.
OLED revenue increased more than 27% for the full year 2024, benefiting from higher penetration rates.
Total auto panel revenue in 2024 increased 16.6% compared to 2023.
The company ended Q4 2024 with a strong balance sheet and cash and cash equivalents increased by TWD2,865 million compared to the beginning of the year.

Negative

Q4 2024 revenue decreased 11% compared to Q3 2024, reflecting industry-wide demand softness.
Gross margin for 2024 decreased by 3.6 percentage points compared to 2023.
Operating profit margin in 2024 decreased by 3.3 percentage points compared to 2023.
Net profit for 2024 decreased by 25% compared to 2023.
The company experienced a decrease in utilization rates, with overall utilization at 59% in Q4 2024 compared to 67% in Q3 2024.

Operator

And welcome to the ChipMOS fourth-quarter and full-year 2024 results conference call. (Operator Instructions)

I would now like to turn the conference over to Dr. G.S. Shen of ChipMOS Technologies' Strategy and Investor Relations team to introduce the management team of the company in conference. Dr. Shen, you may begin.

GS Shen

ChipMOS Technologies Inc - Technical Deputy Director-Strategy and Investor Relations

Thank you, operator. Welcome, everyone, to ChipMOS fourth-quarter and full-year 2024 results conference call. Joining us today from the company are Mr. S.J. Cheng, Chairman and President; and Ms. Silvia Su, Vice President of Finance and Accounting Management Center. We are also joined on the call today by Mr. Jesse Huang, Spokesperson and Senior Vice President of Strategy and Investor Relations.

S.J. will chair the meeting and review business highlights and provide more color on the operating environment. After Silvia's review of the company's key financial results, S.J. will provide our current business outlook. All company

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