Issued date: 2024/8/5
Issued by: iST
Hsinchu, Taiwan, R.O.C. August 5, 2024 – iST (TWSE:3289), today announced its financial statement of H1 2024 on a consolidated basis.
1. Revenues in H1 2024 totaled approximately NT$ 2.122 billion, an increase of 8.60% YoY.
2. Operating gross profit in H1 2024 was about NT$ 576 million, an increase of 3.54% YoY. The gross profit rate of H1 2024 was 27.13%.
3. Net operating profit in H1 2024 was about NT$ 173 million, a decrease of 17.01% YoY.
4. Net profit attributable to the parent company for H1 2024 was approximately NT$ 306 million, an increase of 22.72% YoY.
5. The EPS after tax for the H1 2024 was approximately NT$4.13, an increase of 24.02% YoY.
iST stated that in the first half of 2024, the company achieved significant progress in AI, advanced packaging, and advanced processes. The subsidiary Prosperity Power Technology Inc. (ProPowertek) also showed improved performance, resulting in outstanding overall operations. The first-half consolidated revenue reached NT$2.122 billion, breaking the NT$2 billion mark and setting a new record. The net profit attributable to the parent company was NT$306 billion, with earnings per share after tax reaching NT$4.13, a year-on-year increase of 24.02%, also setting a new record and demonstrating impressive operational results.
Additionally, iST’s board of directors approved the second quarter 2024 earnings distribution plan, with a cash dividend of NT$1.30 per share.
iST mentioned that in the first half of this year, the merger of its subsidiaries ProPowertek and Innovative Turnkey Solution Corporation (ITS) resulted in the new ProPowertek officially starting operations. This merger has gradually shown synergies, saving on management and operational costs while enhancing competitiveness. Compared to the same period last year, ProPowertek’s losses have significantly narrowed. Looking ahead to the second half, ProPowertek will focus more on energy-efficient component heat dissipation solutions and passing rigorous verifications by major power component customers for various AI server end clients, leading to mass production and contributing to profits in the second half.
Regarding its core business, iST believes that AI still represents visible hard demand. iST has actively positioned itself in the AI verification and analysis field, showcasing its leading technical capabilities and market competitiveness. In AI reliability testing, iST introduced liquid cooling for high-power components such as AI chips several years ago. Using a high-efficiency liquid cooling control system and customized liquid circulation sockets, they can monitor chip temperatures in real-time and adjust liquid flow rates, stably controlling the heat generated by the chips and successfully collecting reliability test data.
iST also has extensive experience in AI failure analysis, collaborating with top international wafer foundries, OSATs, and AI brand companies to enhance their R&D efficiency in advanced processes, advanced packaging, and HPC (high-performance computing) chips, ensuring chip quality and performance. Looking forward, the demand for AI is expected to continue growing in the second half of the year, driving operational growth for both iST and its subsidiary ProPowertek.
iST(TWSE:3289) H1 2024 consolidated results
(Unit: NT$ thousands, except EPS)
| Item | H1 2024 |
H1 2023 |
Increase (Decrease) % |
|---|---|---|---|
| Operating revenue |
2,122,349 | 1,954,366 | 8.60% |
| Operating gross profit |
575,761 | 556,050 | 3.54% |
| Net operating profit | 173,234 | 208,750 | (17.01%) |
| The net profit attributable to the parent company | 305,769 | 249,162 | 22.72% |
| EPS after tax NT$ |
4.13 | 3.33 | 24.02% |
About Integrated Service Technology
Founded in 1994, iST began its business from IC circuit debugging and modification and gradually expanded its scope of operations, including Failure Analysis, Reliability Assurance, Material Analysis and so on. iST has offered full-scope verification and analysis services to the IC engineering industry, its customers cover the whole spectrum of the electronics industry from IC design to end products.
In response to the growing future trends, iST has established platforms for 5G/HPC/AI, Automotive Electronics verification, Space Satellite verification, Advanced Processes and Wide-bandgap Semiconductors, LTS ( low-temperature soldering) Process verification platforms, as well as High-speed Transmission Signal Testing, offering comprehensive verification and analysis services.With a commitment to providing complete solutions to customers, iST has expanded its services beyond verification to encompass Wafer Backend Process for mass production service.
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