Building Strong Partnerships
Building Strong Partnerships
CIC’s Investor Relations (CIC IR) embarks on bringing the CIC story to its stakeholders. CIC IR ensures transparent and timely disclosures on all relevant and material information about the Company.It engages with and addresses various information requirements of the investing public through various channels:
Financial Highlights
- -2%
- +8%
- +9%
- +17%
Net Sales (Millions) & Gross Margin
(Unaudited)
- -92%
- +98%
- +195%
- +57%
Profit After Tax (millions)
(Unaudited)
- -102%
- +439%
- +330%
- +126%
Profit After Tax After Minority Interest (millions)
(Unaudited)
CIC Q4 2024 RESULTS
CIC reported unaudited Q4 2024 consolidated earnings of Php 278.7 million, a 57% increase compared to the same period in prior year, fueled by outstanding sales execution and sustained market demand.
Consolidated net sales of Php 4.5 billion for Q4, representing a 17% increase year-over- year. Including its associate company, Concepcion Midea, Inc. (CMI), the group posted net sales of Php 5.7 billion, reflecting a 22% growth rate. The consumer business segment led the charge with a remarkable 26% increase, fueled by robust performance in the refrigeration and other appliance categories. Meanwhile, the commercial segment delivered a steady growth in the aftermarket services and elevator installation categories.
For the full year, CIC achieved Php 18.1 billion in net sales and Php 1.2 billion in consolidated earnings, reflecting 23% and 83% growth, respectively. Including CMI, the group’s net sales increased by 29% to Php 23.5 billion.
| In Millions php (Unaudited) |
4Q24 | 4Q23 | % Change |
|---|---|---|---|
|
Net Sales |
4,460 |
3,802 |
17% |
|
Gross Profit GP Margin |
1,339 30.0% |
1,250 32.9% |
7% 2.9 pts |
|
OPEX % of Sales |
-1,055 -23.7% |
-1,014 -26.7% |
-4% 3.0 pts |
|
Profit Before Tax PBT (%) |
327 7.3% |
248 6.5% |
32% 0.8 pts |
|
Profit After Tax PAT (%) |
279 6.2% |
178 4.7% |
57% 1.6 pts |
|
Net Income Attributable to Shareholders |
214 |
95 |
126% |
|
Financial Position |
31-Dec-24 |
31-Dec-23 |
|
|
Consolidated Cash Balance |
2,400 |
2,373 |
1.1% |
|
Total Assets |
13,436 |
12,243 |
9.7% |
|
Total Liabilities |
5,964 |
5,314 |
12.2% |
| In Millions php (Unaudited) |
|---|
|
Net Sales 4Q24 4,460 4Q23 3,802 % Change 17% |
|
Gross Profit GP Margin 4Q24 1,339 30.0% 4Q23 1,250 32.9% % Change 7% 2.9 pts |
|
OPEX % of Sales 4Q24 -1,055 -23.7% 4Q23 -1,014 -26.7% % Change -4% 3.0 pts |
|
Profit Before Tax PBT (%) 4Q24 327 7.3% 4Q23 248 6.5% % Change 32% 0.8 pts |
|
Profit After Tax PAT (%) 4Q24 279 6.2% 4Q23 178 4.7% % Change 57% 1.6 pts |
|
Net Income Attributable to Shareholders 4Q24 214 4Q23 95 % Change 126% |
|
Financial Position 4Q24 31-Dec-24 4Q23 31-Dec-23 % Change |
|
Consolidated Cash Balance 4Q24 2,400 4Q23 2,373 % Change 1.1% |
|
Total Assets 4Q24 13,436 4Q23 12,243 % Change 9.7% |
|
Total Liabilities 4Q24 5,964 4Q23 5,314 % Change 12.2% |
Top Stockholders
| Name of Stockholders | Number of Shares Held | Percentage of Shared Held |
|---|---|---|
| Name of Stockholders |
|---|
|
Number of Shares Held
Percentage of Shares Held
|
Shareholder Services and Assistance
For inquiries regarding dividend payments, change of address and account status, lost or damaged stock certificates, please contact our stock transfer agent:
STOCK TRANSFER SERVICE, INC.
(through Ms. Arlene Cuenta)
Unit D 34th Floor, Rufino Plaza, Ayala Avenue, Makati City
Tel #: 5310-1343
I want to sell my shares. How do I go about this?
The stockholder may transact through their broker or any other active broker members of Philippine Stock Exchange.
What is the market price of my shares of stocks?
For the latest closing price of CIC stocks, please refer to the “Stock Information” section under Investor Relations of this website or through CIC’s PSE EDGE page.
Where can I find copies of Company Reports and Policies?
For the latest Company Reports, please refer to the “Disclosures” section under Investor Relations of this website and “Reports, Policies, and Other Materials” section under Corporate Governance of this website, or through CIC’s PSE EDGE page.
When is CIC’s Annual Stockholders’ Meeting?
CIC holds its Annual Stockholders’ Meeting every third Wednesday of July. You may regularly check the “Disclosures” section under Investor Relations of this website for the Notice of Stockholders’ Meeting for the details, such as specific date for the current year, record date, venue and other instructions.
How can I inquire about other investor relations matters?
You may send an e-mail on your concern through investorrelations@cic.ph.
For inquiries regarding dividend payments, change of address and account status, lost or damaged stock certificates, please contact our stock transfer agent:
STOCK TRANSFER SERVICE, INC.
(through Ms. Arlene Cuenta)
Unit D 34th Floor, Rufino Plaza, Ayala Avenue, Makati City
Tel #: 5310-1343
I want to sell my shares. How do I go about this?
The stockholder may transact through their broker or any other active broker members of Philippine Stock Exchange.
What is the market price of my shares of stocks?
For the latest closing price of CIC stocks, please refer to the “Stock Information” section under Investor Relations of this website or through CIC’s PSE EDGE page.
Where can I find copies of Company Reports and Policies?
For the latest Company Reports, please refer to the “Disclosures” section under Investor Relations of this website and “Reports, Policies, and Other Materials” section under Corporate Governance of this website, or through CIC’s PSE EDGE page.
When is CIC’s Annual Stockholders’ Meeting?
CIC holds its Annual Stockholders’ Meeting every third Wednesday of July. You may regularly check the “Disclosures” section under Investor Relations of this website for the Notice of Stockholders’ Meeting for the details, such as specific date for the current year, record date, venue and other instructions.
How can I inquire about other investor relations matters?
You may send an e-mail on your concern through investorrelations@cic.ph.
Our Commitment to Shareholders
CIC IR understands the significance of consistent communication with its shareholders, investors, and stakeholders. One of the communication methods utilized by CIC is the Annual Stockholders’ Meeting, which offers shareholders the opportunity to ask questions and gain insights into the company’s performance and future business strategies.
2022 Annual Report
The annual report highlights the significant achievements and milestones of Concepcion Industrial Corporation (CIC), showcasing the company’s ability to grow and thrive despite challenges. Throughout 2023, CIC maintained financial stability, reinforced its commitment to sustainability and digital transformation, and delved into new opportunities. In response to the pandemic's impact on the nation, CIC has stressed the importance of driving innovation to better serve its customers. This renewed focus is driving the company into the future, creating healthier and happier environments for all Filipinos.
Download Latest Report
Corporate Governance
Sustainability