Operational Finance
Operational Finance
Operational Performance
CT’s 2024 parent company only financial statements disclosed basic earnings per share of NTD 6.93 and operating revenue of NTD 5,191 million, comprising engineering revenue and sales revenue, of which engineering revenue accounts for 47% and sales revenue for 53%. Revenue in 2024 decreased by 35.89% compared with 2023, mainly because Taipower Phase 2 was gradually completed during 2024.
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Unit: NTD millions | 2023 | 2024 | Annual Growth Rate (%) | Main Reasons for the Increase or Decrease in 2024 Compared to 2023 |
Construction revenue | 6,414 | 2,731 | -57.42% | This was mainly due to the gradual completion of Taipower Phase 2 in 2024. |
Sales Revenue and Others | 1,683 | 2,460 | 46.17% | This was mainly due to the wind‑power steel‑structure projects undertaken by the subsidiary Century Wind Power in 2024. |
Operating income | 8,097 | 5,191 | -35.89% | This was mainly due to the gradual completion of Taipower Phase 2 in 2024. |
Note: For detailed financial statements, please refer to CT’s 2024 parent company only financial statement. http://www.century.com.tw/tw/investor/23/ | ||||
Operational Performance in the Past Two Years
Unit: NTD millions
Item | Details | 2023 | 2024 |
Direct economic value generated | Operating income | 8,097 | 5,191 |
Economic value distributed | Operating cost | 6,758 | 3,486 |
Employee salaries and benefits | 266 | 319 | |
Payments to capital contributors | 266 | 887 | |
Payment to the government | 172 | 264 | |
Community investment | 3 | 4 | |
Economic value retained | 632 | 231 | |
Note:
Operating revenue: Operating revenue refers to sales revenue
Operating costs: Operating costs refer to sales cost
Payments to contributors: Cash dividends and interest payments
Economic value retained: "Direct economic value generated" minus "economic value distributed"
Government Subsidies
Unit: NTD | ||
Subsidy Items | 2023 Subsidy Expenses | 2024 Subsidy Expenses |
Substantive investment in accordance with Article 23-3 of the Statute for Industrial Innovation | 5,324,791 | 10,087,498 |
Tax credit for investments in smart machinery, fifth generation mobile communications systems, and information security products or services under the Statute for Industrial Innovation | 8,998,879 | 5,768,355 |
Subtotal | 14,323,670 | 15,855,853 |
Earnings Distribution and Dividend Policy
Unit: NTD | ||||
Item | 2023 | 2024 | ||
Earnings per share after tax | 4.46 | 6.93 | ||
Cash dividends | 3 | 4 | ||
Total dividend distribution ratio (%) | 67.26 | 57.72 | ||
Return on equity (%) | 13.22 | 23.93 | ||
Average closing price | 134.94 | 227.78 | ||
P/E Ratio | 30.26 | 32.87 | ||
P/P Ratio | 44.98 | 56.95 | ||
Cash dividend yield rate (%) | 2.22 | 1.76 | ||
Note: For detailed financial statements, please refer to CT’s 2024 parent company only financial statement. | ||||
According to the provisions of CT’s Articles of Incorporation, when the Company’s annual financial statements show a profit at the end of the fiscal year, after first paying taxes, covering any accumulated losses, 10% shall be allocated to the legal reserve; however, if the legal reserve has reached the Company’s paid‑in capital, no further appropriation is required. The remaining amount, after creating or reversing the special reserve as required by law, together with retained earnings, shall be included in a earnings distribution proposal drafted by the Board of Directors and submitted to the shareholders’ meeting for resolution on the distribution of dividends.