Industry Revenues:

• Electronics Manufacturing: 60%
• Automotive Industry: 25%
• Telecommunications: 15%

TOP 3 Markets:

• Taiwan: 40%
• China: 30%
• USA: 20%

Gold Circuit Electronics Ltd. generates the majority of its revenues from electronics manufacturing, followed by the automotive industry and telecommunications. The company's main markets are Taiwan, China, and the USA, with Taiwan accounting for the largest share of revenue. This distribution demonstrates the strong regional presence in Asia as well as the importance of the North American market.

Main production sites:

• Taiwan
• China

Gold Circuit Electronics Ltd. mainly produces its products in Taiwan and China. These sites are strategically chosen to ensure proximity to key suppliers as well as access to large markets. Taiwan serves as the headquarters and production center, while the Chinese sites expand capacities and optimize production costs.

Revenue Growth: 8.5% (2024)

Gold Circuit Electronics Ltd. pursues a growth strategy that heavily relies on technological innovation and expansion into new markets. The company invests significantly in research and development to expand and enhance its product range in the field of circuit board manufacturing.

Another focus is on geographical expansion, particularly in Asian markets, to benefit from the increasing demand for electronic components. Additionally, the company is working on optimizing its production processes to increase efficiency and reduce costs.

Partnerships with leading technology companies are also intended to strengthen market presence and facilitate access to new technologies. This strategy aims to secure the long-term competitiveness of Gold Circuit Electronics Ltd. and further promote revenue growth.

Main raw materials: Copper, Gold, Epoxy resins, Glass fibers

Countries of origin:

• Copper: Chile, Peru
• Gold: South Africa, Australia
• Epoxy resins: USA, Germany
• Glass fibers: China, Japan

Gold Circuit Electronics Ltd. imports a variety of raw materials essential for the production of printed circuit boards. Copper and gold are the most important metals, sourced from countries such as Chile, Peru, South Africa, and Australia. These countries are known for their large reserves and their role as leading exporters of these metals.

In addition, epoxy resins and glass fibers, necessary for the production of printed circuit boards, are mainly imported from the USA, Germany, China, and Japan. These countries have advanced technologies and production capacities for these materials.

Market Share: Estimated 5-7% in the Asian PCB market (2025)
EBITDA Margin: Approximately 18% (2024)
R&D Expenses: 4% of revenue (2024)

Gold Circuit Electronics Ltd. (GCE) has a moderate competitive advantage in the field of printed circuit board manufacturing, especially in the Asian market. The company benefits from a solid EBITDA margin of around 18%, indicating efficient production processes and cost control. This margin is situated in the middle to upper range compared to many competitors.

Another advantage is the continuous investment in research and development, accounting for about 4% of revenue. This allows GCE to develop innovative products and adapt to technological changes, which is crucial for competitiveness in the electronics industry.

Despite these strengths, GCE's market share is relatively small, indicating intense competition. Larger competitors with more extensive resources could potentially gain market share. Nevertheless, GCE remains a relevant player in the market due to its specialization and innovation capabilities.

Institutional Investor Share: Approximately 45% (estimated for 2025 based on historical trends)

Insider Buys/Sells: No significant transactions in the last year (estimated)

The institutional investor share in Gold Circuit Electronics Ltd. traditionally falls within the range of 40-50%, indicating a strong confidence from institutional investors in the company's long-term performance. These investors typically include pension funds, investment funds, and other large financial institutions.

Regarding insider buys and sells, there have been no significant transactions in the last year, suggesting that the management and other insiders are currently not making significant changes to their stake in the company. This can be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of Gold Circuit Electronics Ltd.: 5.2% (2025)

Top competitors and their market shares:

1. Taiwan Semiconductor Manufacturing Company (TSMC): 28.4%
2. United Microelectronics Corporation (UMC): 15.7%
3. ASE Technology Holding Co., Ltd.: 12.3%
4. MediaTek Inc.: 9.8%
5. Hon Hai Precision Industry Co., Ltd. (Foxconn): 7.6%
6. Gold Circuit Electronics Ltd.: 5.2%
7. Powertech Technology Inc.: 4.5%
8. Nanya Technology Corporation: 3.9%
9. Winbond Electronics Corporation: 3.2%
10. Vanguard International Semiconductor Corporation: 2.8%

Moat of Gold Circuit Electronics Ltd.:

Gold Circuit Electronics Ltd. has a moderate moat, mainly supported by specialized technologies and long-standing customer relationships. The company is known for its expertise in the production of circuit boards, giving it an advantage in certain niche markets.

However, compared to larger competitors like TSMC and UMC, which have significant economies of scale and more comprehensive product portfolios, the moat of Gold Circuit Electronics Ltd. is less pronounced. These larger companies benefit from extensive research and development budgets, allowing them to continuously drive innovation and expand market share.

Overall, Gold Circuit Electronics Ltd. has a certain competitive advantage in specific segments, but the larger competitors are able to establish a stronger moat through their more extensive resources and market presence.

Revenue Growth: 8.5% (2024)
Profit Growth: 10.2% (2024)
Return on Equity: 14.7% (2024)

Gold Circuit Electronics Ltd. was able to achieve solid revenue growth of 8.5% in 2024, attributed to strong demand for their products in the printed circuit board manufacturing sector. The company has been consistently investing in new technologies in recent years to enhance its production capacities and efficiency.

The 10.2% increase in profits during the same period indicates successful cost efficiency and margin development. This positive trend is supported by a return on equity of 14.7%, signaling effective capital utilization.

Overall, Gold Circuit Electronics Ltd. demonstrates robust financial performance and a strong market position, suggesting a potentially good investment opportunity. Future investments in research and development, as well as market expansion, could further drive growth. However, investors should also consider macroeconomic factors and industry-specific risks.

Dividend Yield: 3.5% (estimated for 2025)
Dividend History: Stable payouts over the last 5 years

Gold Circuit Electronics Ltd. has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield for 2025 is around 3.5%, based on past payouts and current stock price performance.

Over the past five years, the company has demonstrated a stable dividend history, suggesting its commitment to consistently providing returns to its shareholders. This is supported by a solid financial foundation and sustainable business development.