Truly International Holdings Reports Strong 2024 Results

Truly International Holdings ( (TRUHF) ) has released its Q4 earnings. Here is a breakdown of the information Truly International Holdings presented to its investors.

Truly International Holdings Limited, a Cayman Islands-incorporated company, is a major player in the manufacturing and sale of liquid crystal display (LCD) products and electronic consumer products, including touch panels, compact camera modules, and fingerprint identification modules. The company is listed on the Hong Kong Stock Exchange and operates primarily in the technology and electronics sector.

Truly International Holdings reported a robust financial performance for the year ending December 31, 2024, with revenue reaching approximately HK$17.84 billion, marking a 14.4% increase from the previous year. The company’s profit attributable to owners rose by 14.9% to HK$302 million, driven by increased sales in smartphone-related products and significant government subsidies.

Key financial highlights include a gross profit of HK$1.39 billion, a 4.8% increase from 2023, and earnings per share rising to 9.56 HK cents. Despite a slight decrease in EBITDA by 3.9%, the company maintained a stable dividend payout, proposing a final dividend of 5 HK cents per share. The company also increased its stake in Truly (Renshou) High-end Display Technology Limited, enhancing its influence in the TFT-LCD market.

Looking forward, Truly International Holdings remains cautiously optimistic about 2025, focusing on technological advancements and expanding its product offerings in both display and non-display sectors. The management is committed to maintaining cost efficiency and leveraging its strong relationships with global industry leaders to drive growth and innovation.

The company’s strategic investments and focus on research and development are expected to position it well for future growth, despite the uncertain global economic environment. Truly International Holdings aims to continue its trajectory of steady expansion and market leadership in the coming year.