IEI Integration Corp.
1H24 Earnings Conference
2024/8/16
IEI Group
Next-GenInnovation Dedicated to digital transformation, we harness the power of edge AI, digital healthcare, and smart networking to
lead industries towards a smarter, more connected future | Associates | |
IEI Integration Corp. | QNAP Systems, Inc. | |
Industrial Integrated | Leading Edge Computing | |
IoT Solution Provider | ||
Storage Provider | ||
Founded in 1997 | Founded in 2004 | |
Taidex 3022 | ||
Armorlink SH Corp.
Unique Electronic
Manufacturing Service
Founded in 2002
XINGWEI COMPUTER CO., LTD.
Professional Chassis
Manufacturer
BriteMED Technology Inc. | Founded in 2002 |
Intelligent Medical
System Provider
Founded in 2009
R&D | Sales & Marketing | Manufacturing | Admin & Others | |||
800+ | 400+ | 1,000+ | 700+ |
3 @2024 IEI Integration Corp. CONFIDENTIAL. ALL RIGHTS RESERVED | 3 |
Income Statement (Consolidated)
Amount: NT$ Thousand | ||||||
2024Q2 | 2023Q2 | 20241H | 20231H | QoQ | YoY | |
Net Sales | 1,630,926 | 1,913,890 | 3,335,212 | 4,067,564 | -15% | -18% |
COGS | 1,069,797 | 1,225,799 | 2,141,366 | 2,663,623 | -13% | -20% |
Gross profit | 561,129 | 688,091 | 1,193,846 | 1,403,941 | -18% | -15% |
Gross margin | 35% | 36% | 36% | 35% | ||
Operating expenses | 353,094 | 375,823 | 756,133 | 776,346 | -6% | -3% |
Net operating income | 208,035 | 312,268 | 437,713 | 627,595 | -33% | -30% |
Operating margin | 13% | 16% | 12% | 16% | ||
Non-operating income & | 152,766 | 225,248 | 515,435 | 373,259 | -32% | 38% |
expenses | ||||||
Net income | 254,433 | 344,764 | 726,351 | 723,441 | -26% | 0% |
EPS ( NT$) | 1.43 | 1.95 | 4.10 | 4.10 | ||
4 @2024 IEI Integration Corp. CONFIDENTIAL. ALL RIGHTS RESERVED
Balance Sheet (Consolidated)
Amount: NT$ Thousand | |||
2024/6/30 | 2023/12/31 | 2023/6/30 | |
Current assets | 10,709,690 | 10,026,684 | 9,761,568 |
Non-current assets | 4,139,924 | 4,295,627 | 4,209,505 |
Total assets | 14,849,614 | 14,322,311 | 13,971,073 |
Current liabilities | 3,393,768 | 3,167,907 | 3,515,351 |
Non-current liabilities | 1,088,137 | 1,055,690 | 1,017,531 |
Total liabilities | 4,481,905 | 4,223,597 | 4,532,882 |
Capital stock | 1,765,978 | 1,765,978 | 1,765,978 |
Additional paid-in capital | 845,472 | 845,521 | 820,433 |
Retained earnings | 7,921,517 | 7,863,723 | 7,204,596 |
Other equity interest | (294,746) | (385,290) | (352,816) |
Non-controlling interests | 129,488 | 8,782 | - |
Total equity | 10,367,709 | 10,098,714 | 9,438,191 |
5 @2024 IEI Integration Corp. CONFIDENTIAL. ALL RIGHTS RESERVED
Financial Highlights (Consolidated)
Amount: NT$ Thousand ; day
2024/6/30 | 2023/12/31 | 2023/6/30 | |
Cash and Cash equivalents | |||
Financial assets at fair value through profit or loss | 7,154,576 | 7,226,155 | 6,544,282 |
Other financial assets | |||
Accounts Receivable | 1,119,848 | 998,044 | 1,106,789 |
Inventory | 1,289,237 | 1,305,085 | 1,339,700 |
Property, plant and equipment | 1,257,620 | 1,260,982 | 1,284,199 |
2024 1H | FY 2023 | 2023 1H | |
Days of Sales Outstanding | 58 | 48 | 47 |
Days on Hand | 111 | 119 | 108 |
Return on Equity | 7.10% | 14.30% | 7.75% |
6 @2024 IEI Integration Corp. CONFIDENTIAL. ALL RIGHTS RESERVED
Quarterly Revenue & Gross Margin
Amount: NT$ 100 million
38% | 39% | 40% | |||||||
37% | |||||||||
35% | 36% | 36% | 35% | ||||||
34% | 33% | ||||||||
25.44 | |||||||||
21.93 | 21.54 | 19.14 | |||||||
16.50 | 18.59 | 16.51 | 17.04 | 16.31 | |||||
15.56 | |||||||||
2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 | 2024Q1 | 2024Q2 |
Sales (Consolidated) | Gross margin (%) |
7 @2024 IEI Integration Corp. CONFIDENTIAL. ALL RIGHTS RESERVED
Revenue by Region
2024 1H | 2023 1H |
8 @2024 IEI Integration Corp. CONFIDENTIAL. ALL RIGHTS RESERVED
Revenue by Product Lines
2024 1H | 2023 1H |
9 @2024 IEI Integration Corp. CONFIDENTIAL. ALL RIGHTS RESERVED
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