NEWS CENTER

Chicony Power Technology Co., Ltd. (6412.TW) today held its investor conference and announced its consolidated financial results for the third quarter of 2019, with both sales and operating profits hitting all-time highs. Consolidated revenues for the quarter reached NT$9,994 million, up by 11.1% year-over-year. Consolidated gross profit rose to NT$1,776 million, a 28.2% year-over-year increase. Consolidated operating profit grew 42.7% year-over-year to NT$850 million. Net profits attributable to owners of the parent was NT$668 million, up significantly by 107.8% year-over-year, with a basic EPS of NT$1.75, up 105.9% on a year-over-year basis. Net net, the company’s earnings in the third quarter exceeded the earnings for the first two quarters of the year combined.

For the first three quarters of 2019, the company’s accumulated consolidated revenues and net income also hit record highs. Accumulated consolidated revenues reached NT$25,532 million, up by 11.4% year-over-year. Consolidated gross profit and operating profit were NT$4,148 and NT$1,677 million, up by 29.5% and 77.0% year-over-year, respectively. Net profits attributable to owners of the parent was NT$1,332 million, a 76.4% year-over-year increase. The first three quarters Basic EPS increased 75.4% year-over-year to NT$3.49, surpassing the previous full-year EPS of NT$2.72.

In addition, Chicony Power saw another record-breaking month in October 2019 and reported its unaudited consolidated revenue of NT$3,534 million, up by 9.4% year-over-year. Since January, the company’s monthly revenues have hit record highs for the same period for ten consecutive months. On top of that, since July, the company has seen a string of four record-breaking months in a row. For the first ten months, accumulated revenues totaled NT$29,062 million, up by around 11.1% year-over year.