1
Agenda
Financial Review
Operation Highlights
Q&A
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FINANCIAL REVIEW
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Year 2025.3Q Condensed Consolidated Income Statement
Condensed Consolidated P&L (In Million NTD, except for EPS in NTD) | 2025.3Q % | 2025.2Q % | QoQ % | 2024.3Q % | YoY % | ||
Net Sales | 6,410 | 100% | 6,455 100% | (1%) | 5,632 100% | 14% | |
Consolidated Sales of Testing Equipment Business | 6,155 | 96% | 6,292 97% | (2%) | 5,170 92% | 19% | |
Consolidated Sales of MAS | 187 | 3% | 94 2% | 99% | 384 7% | (51%) | |
Others | 68 | 1% | 69 1% | (1%) | 78 1% | (13%) | |
Cost of Goods Sold | (2,575) | (40%) | (2,231) (35%) | 15% | (2,326) (41%) | 11% | |
Gross Profit | 3,835 | 60% | 4,224 65% | (9%) | 3,306 59% | 16% | |
Operating Expenses: | |||||||
General & Administration | (1,336) | (21%) | (1,395) (22%) | (4%) | (1,290) (23%) | 4% | |
Research & Development | (651) | (10%) | (632) (9%) | 3% | (508) (9%) | 28% | |
Operating Income | 1,848 | 29% | 2,197 34% | (16%) | 1,508 27% | 23% | |
Non-Operating Income (Expenses), net | 3,626 | 56% | 241 4% | n/a | 237 4% | n/a | |
Income (Loss) Before Tax | 5,474 | 85% | 2,438 38% | 125% | 1,745 31% | 214% | |
Income Tax | (360) | (5%) | (431) (7%) | (16%) | (295) (5%) | 22% | |
Net Income | 5,114 | 80% | 2,007 31% | 155% | 1,450 26% | 253% | |
Net Income (Losses) Attributable To: | |||||||
Shareholders of the Parent | 5,066 | 79% | 1,953 30% | 159% | 1,426 25% | 255% | |
Noncontrolling Interests | 48 | 1% | 54 1% | (11%) | 24 1% | 100% | |
$ 5,114 | 80% | $ 2,007 31% | 155% | $ 1,450 26% | 253% | ||
EPS (Basic) | $ 11.99 | $ 4.64 | 158% | $ 3.39 | 254% | ||
EPS (Diluted) | $ 11.92 | $ 4.60 | 159% | $ 3.36 | 255% | ||
Gain from disposal of residential apartment held for sale (to employees) of NTD 3,185 million.
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Year 2025.1~3Q Condensed Consolidated Income Statement
Condensed Consolidated P&L (In Million NTD, except for EPS in NTD) | 2025.1~3Q % | 2024.1~3Q % | YoY % | |
Net Sales | 19,730 | 100% | 15,565 100% | 27% |
Consolidated Sales of Testing Equipment Business | 18,903 | 96% | 14,664 94% | 29% |
Consolidated Sales of MAS | 629 | 3% | 661 4% | (5%) |
Others | 198 | 1% | 240 2% | (18%) |
Cost of Goods Sold | (7,522) | (38%) | (6,426) (41%) | 17% |
Gross Profit | 12,208 | 62% | 9,139 59% | 34% |
Operating Expenses: | ||||
General & Administration | (4,110) | (21%) | (3,701) (24%) | 11% |
Research & Development | (1,888) | (10%) | (1,515) (10%) | 25% |
Operating Income | 6,210 | 31% | 3,923 25% | 58% |
Non-Operating Income (Expenses), net | 4,300 | 22% | 847 5% | 408% |
Income (Loss) Before Tax | 10,510 | 53% | 4,770 30% | 120% |
Income Tax | (1,233) | (6%) | (906) (5%) | 36% |
Net Income | 9,277 | 47% | 3,864 25% | 140% |
Net Income (Losses) Attributable To: | ||||
Shareholders of the Parent | 9,142 | 46% | 3,788 25% | 141% |
Noncontrolling Interests | 135 | 1% | 76 - | 178% |
$ 9,277 | 47% | $ 3,864 25% | 140% | |
EPS (Basic) | $ 21.67 | $ 9.00 | 141% | |
EPS (Diluted) | $ 21.52 | $ 8.93 | 141% | |
Balance Sheet Highlights & Financial Ratio
Consolidated (In Million NTD)
2025. Sept 2024. Dec + / - %
Balance Sheet Highlights | |||||
Cash & Short Term Investments | 7,171 | 5,040 | 42% | ||
Inventory | 6,982 | 5,827 | 20% | ||
Short Term Debt | 836 | 1,417 | - 41% | ||
Long Term Debt | 3,168 | 2,108 | 50% | ||
Shareholders Equity | 30,059 | 25,450 | 18% | ||
Total Assets | 43,160 | 37,308 | 16% | ||
Inventory Turnover (Day) | 230 | 209 | |||
AR Turnover (Day) | 85 | 87 | |||
AP Turnover (Day) | 120 | 118 | |||
Net Debt to Equity (%) | Net Cash | Net Cash | |||
ROE (%) | 29% | 22% | |||
ROA (%) | 20% | 15% | |||
Cash Position | 2025.1~3Q | 2024.1~3Q | YoY | ||
EBITDA | 11,155 | 5,378 | 107% | ||
Cash Flow from Operation | 2,864 | 2,951 | (3%) | ||
Free Cash Flow | 5,055 | 1,903 | 166% | ||
Free Cash Flow = Net Cash Provided by Operating Activities + (Net Cash used by Investing Activities)
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OPERATION HIGHLIGHT8
2025.3Q & 1~3Q Product Mix and Consolidated Sales Breakdown
(Unit: Million NTD) | 2025.3Q | % | QoQ | YoY | 2025.1~3Q | % | YoY | 2024 | % |
Test Instruments & Automatic Testing System (ATS) | 3,011 | 55% | 12% | 74% | 7,913 | 49% | 54% | 6,825 | 44% |
Semiconductor / Photonics Test Solutions | 2,092 | 38% | (5%) | 15% | 6,896 | 43% | 41% | 6,974 | 45% |
Turnkey Solutions | 55 | 1% | (55%) | (48%) | 328 | 2% | (39%) | 685 | 4% |
Service & Others | 334 | 6% | 6% | 3% | 932 | 6% | 4% | 1,168 | 7% |
Total of Parent Company Sales | 5,492 | 100% | 3% | 38% | 16,069 | 100% | 40% | 15,652 | 100% |
+ Sales from Overseas Operations & Related Subsidiaries | 663 | (31%) | (44%) | 2,834 | (12%) | 4,767 | |||
Chroma Consolidated Testing Equipment Business | 6,155 | 96% | (2%) | 19% | 18,903 | 96% | 29% | 20,419 | 95% |
MAS | 187 | 3% | 99% | (51%) | 629 | 3% | (5%) | 872 | 4% |
Other Subsidiaries | 68 | 1% | (1%) | (13%) | 198 | 1% | (18%) | 313 | 1% |
Consolidated Sales | 6,410 | 100% | (1%) | 14% | 19,730 | 100% | 27% | 21,604 | 97% |
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Thank You
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