Fulgent Sun International (Holding) Full Year 2024 Earnings: EPS: NT$7.23 (vs NT$7.87 in FY 2023)

Fulgent Sun International (Holding) (TWSE:9802) Full Year 2024 Results

Key Financial Results

• Revenue: NT$14.6b (down 14% from FY 2023).
• Net income: NT$1.38b (down 8.1% from FY 2023).
• Profit margin: 9.4% (up from 8.9% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: NT$7.23 (down from NT$7.87 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fulgent Sun International (Holding) Earnings Insights

In the last 12 months, the only revenue segment was Production and Sales of Sports and Leisure Outdoor Footwear contributing NT$14.6b. Notably, cost of sales worth NT$11.8b amounted to 81% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to NT$1.52b (100% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of NT$105.5m. Explore how 9802's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in Taiwan.

Performance of the Taiwanese Luxury industry.

The company's shares are up 14% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Fulgent Sun International (Holding) you should be aware of.

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