An automotive flexible circuit board manufacturer, Ichia Technologies Inc. (2402.TW) has announced its robust financial results for Q4 2024, marking the second-highest quarterly profit in recent years. The company posted a net profit of NT$211 million for Q4 2024, bringing its total net profit for the year to NT$713 million, with earnings per share (EPS) of NT$2.36.

For Q4, Ichia reported consolidated revenues of NT$2.516 billion, with pre-tax profit reaching NT$255 million and net profit of NT$211 million. This quarterly performance represents the second-highest profit of the entire fiscal year. For the full year, Ichia's consolidated operating revenue totaled NT$9.531 billion, an 11% year-on-year increase. The company's pre-tax profit for the year reached NT$851 million, while net profit stood at NT$713 million, representing a 53% year-on-year growth. The full-year EPS of NT$2.36 marks the highest profit in recent years.

Q4 Growth Driven by Automotive Demand

Ichia's strong Q4 performance continued the momentum from the previous quarter, driven by the sustained demand for automotive electronic components. The company's quarterly revenue of NT$2.516 billion resulted in a consistent gross margin of 19%, in line with the previous quarter. This solid performance contributed to Ichia's record-high annual results.

Looking ahead, Ichia expects the growing trends in electric vehicles (EVs), smart cabins, and autonomous driving technologies to continue driving the demand for automotive electronic components. With increasing intelligence in both fuel-powered and electric vehicles, automotive electronics solutions are becoming a key industry focus. Ichia has been transitioning into a full-module solution provider in recent years, leveraging its vertical integration in both mechanical and electronic design, as well as thermal management module integration, to provide comprehensive solutions to its customers.

Expansion into Malaysia to Strengthen Automotive Sector and PCB Production

To support the rising demand in the automotive sector and ensure global operational resilience, Ichia has invested USD 20 million to establish a new production facility in Malaysia. This move is part of the company's strategic initiative to expand its production capacity, particularly in flexible and rigid printed circuit board (PCB) assembly, as well as mechanical integrated components.

The new facility in Malaysia will play a crucial role in strengthening Ichia's capacity to serve its growing automotive customer base. This investment, aligned with Ichia's global strategy, is part of a larger NT$1.5 billion expenditure plan over the next three years. It aims to reduce reliance on China, mitigating geopolitical risks by diversifying production across multiple locations.

Ichia's second production facility in Malaysia is expected to begin mass production in the third quarter of 2025. This expansion is anticipated to significantly contribute to Ichia' operations, pushing the company to new heights and helping it meet the increasing global demand for automotive electronic components and PCB solutions.

Aiming to Be a Key Partner in Smart Technologies

In addition to its automotive sector investments, Ichia is positioning itself as a vital partner for customers in smart cabins, wearable devices, robotics, and optical communications. The company's continued investments in cutting-edge PCB technologies and production capacity expansions reflect its commitment to providing integrated solutions across a wide range of industries.

With its focus on innovation and strategic geographic diversification, Ichia is poised to further strengthen its position as a leading player in the global PCB and electronic component manufacturing market.