Ubiqconn Technology (stock code: 6928) approved its 2024 annual financial statements at the board meeting on March 12, 2025. The total revenue for 2024 was NT$2.021 billion, a decline of 46% compared to the same period last year, with a gross profit margin of 23%, slightly higher by 1 percentage point than the same period last year. The accumulated net loss for the year was NT$67.16 million, EPS was loss of NT$0.82.
In 2024, the revenue significantly decreased compared to the same period last year due to the lack of recovery in end-user demand. After successfully listing on the TWSE in May 2024, Ubiqconn Technology actively invested in long-term development, leading to the establishment of a subsidiary in Europe, recruitment of talented individuals to increase human resources for new business ventures, and expanded R&D investments, which resulted in 26% increase in expenses compared to the previous year, causing operational losses.
Looking ahead to this year (2025), order momentum has gradually improved, and customer demand is increasing. It is expected that overall operations for the year will show steady growth.