FIT HON TENG (06088) announced its performance for the year 2024. The attributable profit to owners is approximately 154 million US dollars, representing a 19.2% year-on-year growth.

FIT HON TENG (06088) announced its performance for 2024, with revenue of 4.51 billion US dollars, an increase of 6.1% year-on-year. The company's attributable profit is approximately 154 million US dollars, an increase of 19.2% year-on-year; basic earnings per share is 2.17 cents. Among them, revenue from the smartphone terminal market decreased by 9.7%, mainly due to changes in the product structure of high-end smartphones of brand companies and competition from peers. Revenue from the network infrastructure terminal market increased by 39.1%, mainly driven by the growth in demand for Artificial Intelligence (AI) which increased the demand for server market, leading to a rebound in the shipment volume of copper-based components in 2024. Revenue from the computer and consumer electronics terminal market increased by 4.7%, mainly due to an increase in shipment volume of new products from brand customers. Revenue from the electric vehicle terminal market increased by 57.6%, mainly due to the company's acquisition of FIT Voltaira Group GmbH, a German automotive component design and manufacturing plant (formerly known as Prettl SWH Group). Revenue from the system terminal product terminal market increased by 0.1%, mainly due to the shipment volume of new headphone products offsetting the decline in shipment volume of consumer electronics industry.