$UCHITEC / 7100 (UCHI TECHNOLOGIES BERHAD) ‘s Q1FY24 Quarterly Report Summary:

# Comparing current quarter (Q1FY24) with corresponding quarter (Q1FY23):

- Rev rose by 8% to RM 62.22 mil mainly due to higher USD against MYR.
- Operating profit improved by 17% to RM 38.15 mil.
- Other Income dropped by 64% to RM 4.86 mil due to absence of one-off gain from disposal of assets.
- A RM 2.94 mil loss on financial assets was recorded.
- PBT decreased by 13% to RM 40.07 mil due to absence of gains from disposal of assets, in contrast to the RM 11.3 mil gain recognized from such disposal in the previous quarter.
- PAT also decreased by 15% to RM 32.05 mil.
- Net profit margin deteriorated from 65.8% to 51.5%.
- EPS dropped from 8.22 sen to 6.89 sen.
- Net cash.
- NOCF remains steady at RM 35.65 mil.

# Comparing current quarter (Q1FY24) with immediate preceding quarter (Q4FY23):

- Rev dropped by 3% to RM 62.22 mil.
- Operating profit decreased by 9% to RM 38.15 mil.
- PBT declined by 8% to RM 40.07 mil due to decrease in demand, depreciation of USD against MYR and equity-settled share-based payments of RM 0.96 mil recognized in the current quarter.
- PAT also declined by 10% to RM 32.05 mil.
- Net profit margin deteriorated from 55.4% to 51.5%.

# Prospects:

- Based on the forecast and orders received, the Group anticipates a mid-single digit decline in USD rev for FY2024.