Solomon Systech (international) Ltd. · HKEX:2878

Solomon Systech (international) — FY2024 Earnings Presentation

28 slides from Solomon Systech (international)'s earnings presentation, April 2025

  1. Slide 1: 2024 Annual Results Presentation

    2024 Annual Results Presentation Stock code: 2878 April 2025

  2. Slide 2: Contents

    Contents 1. Financial Review 2. Business Review 3. Outlook 4. Appendix: About the Company 2

  3. Slide 3: Financial Review

    FINANCIAL REVIEW SOLOMON

  4. Slide 4: Financial Highlights

    Financial Highlights 2024 2023 Change % (US$ million) (US$ million) Revenue 113.4 153.2 -25.9% Gross profit 38.0 46.3 -17.9% GP margin 33.5 30.3% +3.2p.p. R&D expenses 18.7 17.8 +4.9% Profit attributable to owners of the 10.1 19.4 -47.9% parent Earnings per share (US cents) 0.4 0.8 -50% Current rati

  5. Slide 5: Balance Sheet

    Balance Sheet As at 31 Dec 2024 As at 31 Dec 2023 Change % (US$ million) (US$ million) Total assets 163.7 157.4 +4.0% Shareholders’ equity 137.0 126.9 +8.0% Bank deposits and cash 107.7 86.3 +24.8% 5

  6. Slide 6: Revenue Trend By Products

    Revenue Trend By Products New Display ICs Mobile Display & Mobile Touch ICs 2H 2H 1H 1H 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Large Display ICs OLED Display ICs 2H 2H 1H 1H 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 6

  7. Slide 7: Revenue By Products

    Revenue By Products Large Display ICs 2024 Large Display ICs 2023 4% 12% Mobile Display & New Display ICs Mobile Display & New Display ICs Mobile Touch ICs Mobile Touch ICs 21% 39% 47% 52% 14% OLED ICs 10% OLED ICs 7

  8. Slide 8: Consolidated Cash Flow

    Consolidated Cash Flow 2024 2023 Change % (US$ million) (US$ million) Net cash generated from 20.0 37.8 -47.2% operating activities Net increase in cash and 24.1 35.8 -32.6% cash equivalents Total bank deposits and cash 107.7 86.3 +24.8% 8

  9. Slide 9: Business Review

    BUSINESS REVIEW SOLOMON

  10. Slide 10: New Display IC

    New Display IC As a globally leading supplier for e-paper display driver ICs with the largest market share, the Group’s customers include many of the world's top-ranked supermarkets Revenue decreased due to lower shipment volume and ASP of new display ICs: ▪ Sales of 3-color display labels (E4) slow

  11. Slide 11: OLED Display IC

    OLED Display IC OLED display ICs ▪ The Group is the world’s No.1 PMOLED display driver IC player with a dominant market share in terms of shipment volume ▪ The shipment volume slightly increased YoY Continuous promotion ▪ Mini-LED/Micro-LED display IC ‒ Launched the world’s 1st small-sized passive m

  12. Slide 12: Mobile Display & Mobile Touch ICs

    Mobile Display & Mobile Touch ICs ▪ Affected by the sluggish personal consumption market, shipment volume and revenue of mobile display and mobile touch IC products significantly declined ▪ Sales of game console controller ICs boosted by the launch of new games in the market ▪ Collaborated with lead

  13. Slide 13: Large Display ICs

    Large Display ICs Shipment and revenue of large display ICs surged ▪ Benefitted from a series of home appliance subsidy policies introduced in mainland China in 2024, lead to a surge in the sales of large-size display e.g. monitors and smart TVs. The shipment volume and revenue grew over 50% for the

  14. Slide 14: Large Display ICs

    Large Display ICs Latest developments: ▪ Display driver ICs ‒ Authorized by a major Chinese display manufacturer to develop a new generation P2P high-speed interface display driver ICs (prototypes for project validation expected to be produced in 2H 2025) ▪ Automotive driver ICs ‒ Signed a strategic

  15. Slide 15: Outlook

    OUTLOOK

  16. Slide 16: Outlook

    Outlook New Display ICs OLED Display ICs ▪ With gradual completion of models updates ▪ Promote the world’s 1st small-sized passive and mass production of small-sized 4- micro-LED display driver IC - SSD2363 color display labels, transition from 3-color launched by the Group to 4-color displays will

  17. Slide 17: About the Company

    ABOUT THE COMPANY SOLOMON

  18. Slide 18: Our Milestones

    Our Milestones Listed on main board of HKEx Set up of Shenzhen Rebranded with (stock code: 2878) Set up of Taiwan & Nanjing Technology Center new company logo Technology Center Spin-off from Motorola 1999 2000 2002 2003 2004 2017 2025 Established in Entered Hong Kong • World no.1 PMOLED display Hong

  19. Slide 19: Our Presence

    Our Presence Head Office Hong Kong Sales Networks Hong Kong Technology Centers Shenzhen Hong Kong Beijing Nanjing Nanjing Shenzhen Shanghai Taiwan Taiwan Japan Korea USA Europe 19

  20. Slide 20: Key Business Units

    Key Business Units Solomon Systech IC & System Solutions New Display OLED Display Mobile Display Large Display Bistable Display OLED Display/Touch Mobile Driver ❖ Dot-Matrix Bistable DDI ❖ PMOLED TDDI ❖ TFT Display Driver IC (DDI) ❖ Source DDI ❖ Segment Bistable DDI ❖ PMOLED Display Driver ❖ In-Cell

  21. Slide 21: Product Applications

    Product Applications ePaper/ Electronic Shelf Label Smartphone / Tablet Medical Gaming Smart Home Appliances 21

  22. Slide 22: Custom ICs

    Custom ICs ❖ Custom ICs for digital, analog and mixed-signal applications ❖ One-stop solution from designing, testing to delivering ❖ Our turnkey services provide one of the most convenient and easiest ways from ASIC to SoC production Mini-LED/ Micro-LED Custom Driver Controller Applications ❖ The f

  23. Slide 23: “Fabless” Business Model

    “Fabless” Business Model Customers Develop/ Co-develop Display IC & System Solution Design & Logistics Quality Development Management Marketing Management IC Software System Solution IP Management 中国电子 Branding 的支持 Mask Wafer Packaging Making Fabrication and Testing Outsource Manufacturing 23

  24. Slide 24: Awards & Achievements

    Awards & Achievements ❖ World-leading market share for electronic shelf labels (ESL) applications ❖ Ranked 1st in global market share for PMOLED applications for consecutive years Hong Kong Awards for Industries - EE Awards Asia China Semiconductor Innovative Products Technological Achievement Award

  25. Slide 25: International Partnership

    International Partnership Solomon Systech’s customers include many international labels: Brand Owners Display Module Makers 25

  26. Slide 26: Patents

    Patents ❖ Approx. 680 IC design patents from China, US, Europe and other Asia regions ❖ PMOLED ❖ Developed world’s first PMOLED TDDI ❖ Patented driving architecture in US and China ❖ ePaper ❖ Patent on fully automated panel defeat detection method which benefits IoT application ❖ Mini-LED/ Micro-LED

  27. Slide 27: Thank You

    solomon-systech.com Thank You

  28. Slide 28: Disclaimer

    Disclaimer This presentation does not constitute an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation or is unlawful without compliance with any registration, filing or

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