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ChipMOS TECHNOLOGIES INC. (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), a prominent player in the Semiconductors & Semiconductor Equipment industry with a market capitalization of $759 million, announced key resolutions from its Board of Directors meeting today. According to InvestingPro analysis, the stock’s RSI suggests it’s currently in overbought territory, warranting careful attention from investors. The Board approved the company’s consolidated financial statements for the year ended December 31, 2024, and proposed an earnings distribution plan involving a cash dividend of NT$1.20 per share.
The approved financial statements highlighted an operating revenue of NT$22.7 billion and a gross profit of NT$2.9 billion for 2024. The company reported an operating profit of NT$1.3 billion, with a profit before income tax of NT$1.6 billion. The net profit attributable to equity holders was NT$1.4 billion, translating to a basic earnings per share of NT$1.95. The company maintains strong financial health with a current ratio of 3.07, indicating liquid assets well exceed short-term obligations. InvestingPro data shows the company trades at a P/E ratio of 14.87, suggesting a premium relative to near-term earnings growth. As of the end of 2024, ChipMOS’s total assets stood at NT$45.4 billion, with total liabilities of NT$20.3 billion and equity attributable to holders amounting to NT$25.1 billion.
The cash dividend, subject to shareholder approval at the upcoming annual general meeting (AGM), represents a significant return to shareholders. The total cash distribution will amount to NT$872.7 million. Notably, ChipMOS has maintained dividend payments for 12 consecutive years, with a current dividend yield of 4.12%. For deeper insights into ChipMOS’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US-listed companies. The Board also granted authority to the Chairman to adjust the dividend distribution ratio if changes in the total number of outstanding shares occur, such as through share repurchases.
Additionally, the Board set the date for the 2025 AGM on May 27, 2025, to be held at the Hsinchu Science Park Life Hub, Einstein Hall. The meeting agenda includes the adoption of the financial statements and earnings distribution plan, as well as discussions on proposed amendments to the company’s Articles of Incorporation, the Rules of Procedure for Shareholders’ Meetings, and the Rules for Election of Directors and Independent (LON:IOG) Directors.
Shareholders will not be able to transfer shares between March 29, 2025, and May 27, 2025, due to the book closure. Proposals for discussion at the AGM can be submitted from March 21, 2025, to March 31, 2025, at the company’s office in Hsinchu Science Park.
This news is based on a press release statement from ChipMOS TECHNOLOGIES INC. and reflects the official resolutions passed by the company’s Board of Directors.
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