Wistron Announces 2024 Financials and BOD Results

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Wistron Corp. held a Board of Directors meeting and announced its financial results for 2024. The company reported consolidated revenue of NTD 1,049 billion, operating income of NTD 38,980 million, profit before tax (PBT) of NTD 40,057 million, and profit after tax (PAT) of NTD 17,439 million, with earnings per share (EPS) of NTD 6.11.  

For the fourth quarter of fiscal year 2024, revenue was NTD 297 billion, operating income was NTD 11,860 million, PBT was NTD 12,375 million, and PAT was NTD 5,305 million, with an EPS of NTD 1.85.  

In addition to the financial results, the company announced the following resolutions:

1.  Declared a cash dividend of NTD 3.8 per common share for the 2024 earnings distribution.
2.  Declared a new proposal to issue up to 250 million new shares within the next one year to enhance financial flexibility.
3.  Proposed the issuance of 36 million restricted shares to reward outstanding employees and retain key talent.
4.  Approved an additional investment of up to NTD 12.8 billion for building improvements and equipment acquisition at the Hsinchu County International AI Smart Business Park to support future AI-related business needs.
5.  Approved the lease of land and factory facilities in Zhubei City, Hsinchu County, from Lan Fa Textile Co., Ltd., with the lease term running from 2025 to 2035, to support future AI-related business needs.
6.  Approved an investment of up to NTD 2.7 billion for the construction of an additional R&D building in Neihu, Taipei.
7.  Approved a capital expenditure of up to VND 383.4 billion (approximately USD 15.3 million) for Wistron InfoComm (Vietnam) Co., Ltd., a wholly-owned subsidiary, to construct new warehouse and parking facilities in response to business development needs.
8.  Approved an increase in the proposed capital injection budget for Wistron Property (Vietnam) Co., Ltd., a wholly-owned subsidiary, raising the amount from USD 16.5 million to USD 30 million. Additionally, approved a capital expenditure of up to VND 3.35 trillion (approximately USD 134.02 million) for the construction of employee dormitories.
9.  Approved an increase in the proposed capital expenditure budget for ICT Service Management Solutions (India) Private Limited, a wholly-owned subsidiary, raising the amount from USD 40.4 million to USD 50 million for the construction of a new factory.
10.  Approved an increase in the budget for the industry-academia collaboration project at National Yang Ming Chiao Tung University Tainan Branch, raising the building construction budget from NTD 1.0 billion to NTD 1.25 billion.
11.  Scheduled the 2025 General Shareholders' Meeting for May 16 at the CHANG YUNG-FA FOUNDATION International Convention Center in Taipei.