Ase Technology Holding ( (ASX) ) has released its Q4 earnings. Here is a breakdown of the information Ase Technology Holding presented to its investors.
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ASE Technology Holding Co., Ltd., a prominent player in the semiconductor industry, specializes in semiconductor assembly, testing services, and electronic manufacturing services, operating globally with a strong presence in Asia, the United States, and Europe.
In the recent earnings report, ASE Technology Holding announced its unaudited consolidated financial results for the fourth quarter and full year of 2024. The company reported a slight increase in net revenues for the quarter and year, although net income saw a marginal decline on a quarterly basis.
Key financial metrics for the fourth quarter of 2024 showed net revenues of NT$162,264 million, a 1.0% increase year-over-year. The company’s net income was NT$9,312 million for the quarter, slightly down from the previous year. For the full year, ASE Technology generated NT$595,410 million in net revenues, marking a 2.3% growth from 2023, with a net income of NT$32,483 million.
The company faced challenges in its EMS operations with a decline in net revenues and gross margin, while its ATM operations performed better with increased net revenues and gross margin. The company’s cost structure remained stable, with raw material and labor costs being significant contributors.
Looking forward, ASE Technology Holding maintains a cautious outlook, focusing on leveraging its technological capabilities and global footprint to navigate the competitive landscape of the semiconductor industry, aiming to sustain its growth trajectory and enhance shareholder value.
