NEWS CENTER

　　Chicony Power Technology Co., Ltd. (6412.TW) today announced its consolidated financial results for the third quarter of 2022. Thanks for the improved supply of raw materials and better product mix, the company’s gross margin, operating margin, and net margin for the third quarter all improved QoQ/YoY and reached 20.5%, 11.4% and 8.9%, respectively. Meanwhile, EPS for the third quarter rose 16.7% YoY to NT$2.44, the highest quarterly EPS in the history. For the first three quarters, EPS increased 20.2% YoY to NT$6.32, hitting a new record high for the same period and beating market expectations.

For 3Q22, Chicony Power’s consolidated revenues arrived in NT$10,801 million, up by 5.2% QoQ and by 6.6% YoY. Gross margin was 20.5%, up by 3.7ppt QoQ and 2.3ppt YoY. Operating margin was 11.4%, up by 3.5ppt QoQ and 2.2ppt YoY. Net margin was 8.9%, up by 1.4ppt QoQ and 0.8ppt YoY. Meanwhile, operating profit reached NT$1,235 million, up by 52.5% QoQ and 32.7% YoY. Net profits attributable to owners of the parent was NT$966 million, up by 25.2% QoQ and 17.8% YoY. Basic EPS was NT$2.44, up by 25.1% QoQ and 16.7% YoY. Overall, Chicony Power reported record-breaking consolidated revenues, gross profits, operating profits, net profits, EPS, gross margin, and operating margin in 3Q22.

　　For the first three quarters of 2022, the company’s accumulated consolidated revenue reached NT$31,565 million, up by 6.1% YoY. Gross profit and operating profit were NT$5,683 million and NT$2,953 million, up by 8.8% and 16.0% YoY, respectively. Net profits attributable to owners of the parent was NT$2,495 million, up by 21.2% YoY. Basic EPS rose 20.2% YoY to NT$6.32. Annualized ROE also hit a record high in the same period and reached 28.7%. In a nutshell, Chicony Power reported record-breaking consolidated revenues, gross profits, operating profits, net profits, EPS, operating margin, net margin, and ROE for the first three quarters.

　　Chicony Power also announced its unaudited consolidated revenue of NT$3,117million, down by 13.2% YoY, for October 2022. The soft revenue in October was mainly because sales accelerated in September ahead of the China's Golden Week. For the first ten months, accumulated revenues also reach a new high in the same period and totaled NT$346.81 million, up by 4.0% YoY.