AIROHA (達發科技) [股票代號] 2025-Q2 法說會簡報

Company Overview

• Company Name: AIROHA (達發科技)
• Event: 2025-Q2 Investor Conference (2025年第二季法人說明會)

Disclaimer / Investment Safety Statement (投資安全聲明)

• Nature of Information: Information provided contains forward-looking statements, subject to various risks and uncertainties.
• Risk Factors include:
  • Impact of competitive products and pricing
  • Timely customer acceptance of designs
  • Timely adoption and utilization of new technologies
  • Ability to mass-produce new products
  • Shifts in supply and demand for semiconductor products
  • Market oversupply
  • Availability of manufacturing capacity
  • Financial stability of end markets
  • Difficulty in retaining talent
  • Unforeseen costs and expenses
  • Uncertainties related to mergers and acquisitions
  • Loss of key customers
  • Involvement in legal or administrative litigation
  • New regulations affecting operations
  • Fluctuations in foreign exchange rates
  • Impact of global economic conditions
• Purpose of Statements: For reference purposes only; does not constitute disclosure obligations.
• No Obligation to Update: Company is not responsible for updating forward-looking statements.

Financial Highlights and Key Metrics (Consolidated, Unaudited Figures)

3.1. Consolidated Operating Revenue (合併營業收入)

• Unit: NTD Millions (新台幣佰萬元)
• Results:
  • 2Q25: 5,522
  • 1Q25: 5,223
  • 2Q24: 4,899
• Growth Rates (2Q25):
  • QoQ (vs 1Q25): +5.7%
  • YoY (vs 2Q24): +12.7%

3.2. Consolidated Operating Gross Margin (合併營業毛利率)

• Unit: %
• Results:
  • 2Q25: 50.5%
  • 1Q25: 51.7%
  • 2Q24: 52.8%
• Changes (2Q25):
  • QoQ: -1.2pts
  • YoY: -2.3pts

3.3. Consolidated Operating Expenses (合併營業費用)

• Unit: NTD Millions (新台幣佰萬元)
• Breakdown:
  • Sales: 227
  • Admin: 198
  • R&D: 1,546
• Results:
  • 2Q25 Total: 1,971
  • 1Q25 Total: 1,963
  • 2Q24 Total: 1,665
• Growth Rates (Total Operating Expenses, 2Q25):
  • QoQ: +0.4%
  • YoY: +18.4%

3.4. Consolidated Operating Income (合併營業利益)

• Unit: NTD Millions (新台幣佰萬元)
• Results:
  • 2Q25: 816
  • 1Q25: 737
  • 2Q24: 922
• Growth Rates (2Q25):
  • QoQ: +10.7%
  • YoY: -11.5%

3.5. Consolidated Operating Income Margin (合併營業利益率)

• Unit: %
• Results:
  • 2Q25: 14.8%
  • 1Q25: 14.1%
  • 2Q24: 18.8%
• Changes (2Q25):
  • QoQ: +0.7pts
  • YoY: -4.0pts

3.6. Consolidated Net Income for the Period (合併本期淨利)

• Unit: NTD Millions (新台幣佰萬元)
• Results:
  • 2Q25: 758
  • 1Q25: 710
  • 2Q24: 801
• Growth Rates (2Q25):
  • QoQ: +6.8%
  • YoY: -5.4%

3.7. Consolidated Net Income Margin for the Period (合併本期淨利率)

• Unit: %
• Results:
  • 2Q25: 13.7%
  • 1Q25: 13.6%
  • 2Q24: 16.4%
• Changes (2Q25):
  • QoQ: +0.1pts
  • YoY: -2.7pts

3.8. Consolidated Earnings Per Share (EPS) (合併每股盈餘)

• Unit: NTD (新台幣元)
• Results:
  • 2Q25: 4.64
  • 1Q25: 4.36
  • 2Q24: 4.78
• Changes (2Q25):
  • QoQ: +$0.28
  • YoY: -$0.14

3.9. Average Exchange Rate (USD/NTD) (平均匯率(美金/新台幣))

• Results:
  • 2Q25: 30.88
  • 1Q25: 32.88
  • 2Q24: 32.35
• Changes (2Q25):
  • QoQ: -6.1%
  • YoY: -4.5%

Consolidated Balance Sheet (合併資產負債表 - Unaudited)

• Unit: NTD Millions (新台幣百萬元)
• As of:
  • 2Q25 / 1Q25 / 2Q24:
    • Assets:
      • Cash and Cash Equivalents: 13,187 / 12,597 / 9,020
      • Accounts Receivable: 3,036 / 2,497 / 3,194
      • Inventories, Net: 1,948 / 1,991 / 1,743
      • Other Current Assets: 454 / 476 / 436
      • Property, Plant and Equipment: 3,732 / 3,740 / 2,997
      • Intangible Assets: 3,370 / 3,441 / 1,455
      • Other Non-current Assets: 2,920 / 3,028 / 4,373
      • Total Assets: 28,647 / 27,770 / 23,218
    • Liabilities & Equity:
      • Accounts Payable: 1,754 / 1,522 / 1,877
      • Other Payables: 4,004 / 3,497 / 2,218
      • Other Current Liabilities: 1,985 / 2,250 / 1,469
      • Total Non-current Liabilities: 829 / 864 / 594
      • Total Equity: 20,075 / 19,637 / 17,060

Consolidated Cash Flow Statement (合併現金流量表 - Unaudited)

• Unit: NTD Millions (新台幣百萬元)
• Period ended:
  • 2Q25 / 1Q25 / 2Q24:
    • Net Cash Inflow (Outflow) from Operating Activities: 1,102 / 858 / 679
    • Net Cash Inflow (Outflow) from Investing Activities: (129) / (365) / (2,018)
    • Net Cash Inflow (Outflow) from Financing Activities: (14) / (16) / (4)
    • Effect of Exchange Rate Changes on Cash: (369) / 64 / 31
    • Net Increase (Decrease) in Cash: 590 / 541 / (1,312)
    • Cash and Cash Equivalents at End of Period: 13,187 / 12,597 / 9,020

Contact Information

• Website: www.Airoha.com
• Investor Relations Email: ir@Airoha.com