SAI reports NT$7.47 billion in 2024 revenue, with 4Q24 revenue showing sequential growth of 12.2%, highlighting its carbon reduction achievements and forging-focused transformation as it enters the Year of the Snake.
2025/01/08, Yunlin, Taiwan
Global automotive wheel industry leader SuperAlloy Industrial Co., Ltd. (SAI, 1563 TT) reported its December 2024 consolidated revenue of NT$554 million, down 21.4% from November’s NT$705 million and 18.7% from December 2023’s NT$681 million. Fourth-quarter consolidated revenue reached NT$1.93 billion, up 12.2% from Q3’s NT$1.72 billion, while full-year consolidated revenue for 2024 totaled NT$7.47 billion, a slight decrease of 3.9% compared to NT$7.78 billion in 2023.
The December revenue decline was attributed to fewer working days during the Christmas holidays in Europe and the U.S., slowing orders from major luxury and supercar brands. However, Q4 revenue rebounded significantly, driven by seasonal demand in the automotive sector and an increase in custom wheel orders made from SAI’s RESAICAL® recycled aluminum. This resulted in a 12.2% quarter-over-quarter revenue growth, underscoring SAI’s resilience amidst a sluggish global automotive market.
As the global automotive market faces increasing pressure to reduce carbon emissions, finding ways to lower carbon output has become a critical focus for automakers and their supply chains. Amid this growing demand, SAI’s RESAICAL® recycled aluminum material has gained significant traction by the end of 2024, earning official adoption and certification from seven luxury automotive brands, including Porsche, JLR, BMW, Toyota, Lexus, Stellantis, and Rolls-Royce. The usage rate of RESAICAL® rose from 30% in 2023 to 34% in 2024 and is expected to progress toward 50% in 2025, driven by an evolving product mix. SAI’s low-carbon solutions continue to support its customers in advancing toward carbon neutrality.
Looking ahead to 2025, SAI will focus on a development strategy centered around “forging” technology. In addition to its core business of automotive forged wheels and suspension system components, the company is actively expanding into cross-industry markets, including consumables for semiconductor equipment, mobility industries, heavy electrical equipment components, and aerospace. SAI aims to increase the revenue contribution from non-passenger vehicle wheels from 15% to over 40% within three years. In addition, the company is enhancing its net-shape manufacturing technology, extending its market reach in the automotive sector, and optimizing its order structure to improve profit margins, targeting an operating profit margin of 15–20% by 2025. SAI is also committed to cultivating technical talent, forming strategic partnerships, improving production efficiency, and refining its order mix to ensure long-term success. Through these initiatives, SAI is poised to achieve significant milestones, driving innovation and building a brighter, more prosperous future in collaboration with its partners.
<Appendix> Monthly Consolidated Revenue Unit: NT$ thousand
| 2024 | 2023 | YoY (%) | |
| December, 2024 | 554,036 | 681,258 | -18.67 |
| Jan. – Dec., 2024 | 7,473,579 | 7,779,316 | -3.93 |
Quarterly Consolidated Revenue
| 4Q24 | 3Q24 | QoQ% | |
| 1,927,946 | 1,717,939 | 12.22% |
Note: Consolidated revenue figures are unaudited.
