KYOTO PRECISION ELECTRIC CO., LTD. (THE “COMPANY”) ANNOUNCES ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. For the period, the Group's income increased marginally by 0.4% to HK$10,760,000,000, and profit before interest, tax, depreciation and amortisation (EBITDA) decreased by 8% to HK$771,000,000. Shareholders' profit fell 18% to HK$475,300,000. Basic earnings per share and diluted earnings per share were HK60.4 cents and HK60.2 cents, respectively. The final dividend was HK$19.0 cents per share, down from last year. Operating cash flow increased to HK$1,186,000,000. Cash and term deposit balance increased to HK$3,501,000,000. The Group's revenue growth was driven by increased sales of related products, mainly due to the new plant's increased TFT and touchscreen display module capacity. Shareholders are entitled to a reduction in...Show More

KYOTO PRECISION ELECTRIC CO., LTD. (THE “COMPANY”) ANNOUNCES ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. For the period, the Group's income increased marginally by 0.4% to HK$10,760,000,000, and profit before interest, tax, depreciation and amortisation (EBITDA) decreased by 8% to HK$771,000,000. Shareholders' profit fell 18% to HK$475,300,000. Basic earnings per share and diluted earnings per share were HK60.4 cents and HK60.2 cents, respectively. The final dividend was HK$19.0 cents per share, down from last year. Operating cash flow increased to HK$1,186,000,000. Cash and term deposit balance increased to HK$3,501,000,000. The Group's revenue growth was driven by increased sales of related products, mainly due to the new plant's increased TFT and touchscreen display module capacity. Shareholders are entitled to a reduction in profit primarily due to price adjustments and additional costs such as personnel costs, property, plant and equipment depreciation, etc. The decrease in EBITDA was mainly due to the above factors. Other operating income increased, mainly due to capital management, resulting in an increase in deposit interest income. The increase in staff costs is due to increased production and capacity expansion at the new plant. The Group will strive to optimize supply chain management and production performance to improve profitability.