Zeng Hsing Industrial Co. Ltd. said its normalized net income for the fourth quarter was NT$2.29 per share, compared with the S&P Capital IQ consensus estimate of NT$2.94 per share.
EPS fell 23.6% year over year from NT$3.00.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$140.4 million, a decrease of 23.1% from NT$182.4 million in the year-earlier period.
The normalized profit margin dropped to 10.0% from 11.4% in the year-earlier period.
Total revenue fell 12.2% year over year to NT$1.40 billion from NT$1.59 billion, and total operating expenses fell 12.7% from the prior-year period to NT$1.21 billion from NT$1.38 billion.
Reported net income decreased 18.8% year over year to NT$177.7 million, or NT$2.90 per share, from NT$218.9 million, or NT$3.60 per share.
For the year, the company's normalized net income totaled NT$11.50 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$14.19.
EPS rose from NT$11.11 in the prior year.
Normalized net income was NT$700.7 million, a gain from NT$675.3 million in the prior year.
Full-year total revenue fell on an annual basis to NT$6.02 billion from NT$6.25 billion, and total operating expenses decreased on an annual basis to NT$5.08 billion from NT$5.30 billion.
The company said reported net income increased on an annual basis to NT$859.2 million, or NT$14.10 per share, in the full year, from NT$829.6 million, or NT$13.65 per share.
As of March 25, US$1 was equivalent to NT$32.56.