Ennostar Aims for Profitability in 2024 After Narrowing Q1 Operating Loss

Ennostar Holdings Chairman Peng Shuang-lang stated that while global economic expansion is moderate in Q1 2024, growth momentum is slightly slower compared to the previous year's tariff-driven pre-stocking. However, through continuous product portfolio optimization and cost control, the operating loss in Q1 significantly narrowed compared to Q4 2023. Achieving profitability for the full year 2024 is the management team's primary goal. Ennostar announced Q1 consolidated revenue of NT$5.25 billion, up 0.7% from Q4 2023 but down 6.9% from Q1 2023. The net loss attributable to the parent company was NT$150 million, with basic earnings per share at a loss of NT$0.2. Looking ahead to Q2, Peng expects increased demand for value-added applications and new customer orders for Micro LED, which should contribute to overall performance. The company maintains an optimistic outlook on market demand and will continue to focus on high-value-added applications and product portfolio optimization for steady revenue growth. Resources will be concentrated on developing key new technologies to enhance product competitiveness and co-create next-generation technology platforms with partners.