HK Stock Market Move | ASMPT(00522) opened nearly 5% lower after its performance report, with annual net profit decreasing by over 50% year-on-year and first quarter revenue potentially declining compared to the previous quarter.

ASMPT (00522) opened nearly 5% lower after the results announcement, falling 4.95% to HK$73 as of the time of publication, with a turnover of HK$2036.52 million. On the news front, ASMPT released its financial report for 2024, showing a sales revenue of HK$13.29 billion (US$1.69 billion), a 10% year-on-year decrease; net profit of HK$345 million, a 51.7% year-on-year decrease; and earnings per share of 83 HK cents. A total dividend of 32 HK cents will be distributed, including a final dividend of 7 HK cents per share and a special dividend of 25 HK cents per share, compared to 78 HK cents distributed in the same period last year. The group anticipates that the short-term growth in sales revenue from advanced packaging will be offset by the continued softness in mainstream markets, particularly in the automotive and industrial sectors. As a result, the group forecasts that the sales revenue for the first quarter of 2025 will be in the range of US$370 million to US$430 million, with a median figure remaining flat year-on-year and a 9% decline on a quarterly basis.