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• Net Sales: Approximately TWD6.8 billion to TWD6.9 billion, a 14% growth from the previous quarter and 55% year-on-year growth.

• Gross Profit: Approximately TWD4.1 billion with a gross margin of 60%, a 15% increase from the previous quarter and 62% year-on-year growth.

• Operating Income: TWD2.1 billion, representing 31% of sales, a 40% increase from the previous quarter and 140% year-on-year growth.

• Net Income: TWD2.1 billion, a 40% increase from the previous quarter and 121% year-on-year growth.

• Earnings Per Share (EPS): TWD5.03, a record high.

• Cash and Short-term Investments: Increased by 20%.

• Short-term Debt: Reduced by 93%.

• Long-term Debt: Increased by 11% due to manufacturing site expansion.

• Inventory Turnover: Approximately six months.

• Accounts Receivable Turnover: Less than 80 days.

• Return on Equity (ROE): 34%, up from 22% last year.

• Return on Assets (ROA): 22%, exceeding 20% for the first time.

• Free Cash Flow: Approximately TWD2 billion.

• Semiconductor Sector Growth: 25% quarter-over-quarter and 118% year-on-year.

• Subsidiary Mass Growth: 65% quarter-over-quarter and 306% year-on-year.

• Warning! GuruFocus has detected 11 Warning Signs with ALLDF.

Release Date: April 30, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Chroma Ate Inc (TPE:2360) reported a 14% growth in net sales for the first quarter compared to the previous quarter, and a 55% increase year-on-year.

• The company's operating income reached TWD2.1 billion, marking a 40% growth from the last quarter and a 140% increase year-on-year.

• Earnings per share hit a record high of TWD5.03, surpassing previous records.

• The semiconductor sector showed strong growth, with a 25% increase quarter-over-quarter and 118% year-on-year.

• The company's return on equity improved to 34%, up from 22% last year, indicating strong financial performance.

Negative Points

• Chroma Ate Inc (TPE:2360) expressed concerns about geopolitical uncertainties and economic conditions impacting future performance.

• The company is cautious about the second half of the year due to potential changes in US policies and currency fluctuations.

• There is uncertainty regarding the sustainability of current demand levels, particularly in the semiconductor sector.

• The company did not provide specific guidance for the second quarter, indicating potential volatility in future performance.

• Chroma Ate Inc (TPE:2360) acknowledged that the operating margin might not maintain its current level throughout the year due to market uncertainties.

Q & A Highlights

Q: Can you provide a detailed breakdown of the Automated Testing System (ATS) segment and its sustainability for the rest of the year? A: Jennifer Chien, Investor Relations, explained that the growth in ATS is primarily driven by China's infrastructure build-up for AI demand, particularly in high-power 5G specialty power devices for data centers and servers. This momentum is expected to continue into the second quarter, with ATS projected to have significant growth compared to last year.