Wiwynn Reports Second Quarter 2020 Financial Results

Following the Board of Directors meeting today (August 7), Wiwynn Corporation announced consolidated revenue of NT$52.071 billion, operating profit of NT$2.920 billion, profit before tax (PBT) of NT$2.721 billion, profit after tax (PAT) NT$2.169 billion, and basic earnings per share (EPS) of NT$12.41 for the second quarter ended June 30, 2020.

Benefit from deferred shipment in first quarter and the gradually recovering supply chain, in the second quarter, we achieved record highs for the number of server shipments and consolidated revenue. Revenue increased by 23.2% year-over-year. Gross margin increased by 1.0ppt to 7.8%, operating margin increased by 0.7ppt to 5.6%, and PAT margin increased by 0.3ppt to 4.2%. EPS was NT$12.41, higher than NT$9.50 in the same period of the prior year.

In the first half of 2020, consolidated revenue reached NT$87.208 billion, which increased by 8.1% year-over-year. The overall profitability was improved due to the changes in the product portfolio. Year-over-year, gross margin for the period increased by 1.2ppt to 7.7%, operating margin increased by 0.9ppt to 5.4%. PAT reached NT$3.632 billion and PAT margin increased by 0.7ppt to 4.2%. EPS was NT$20.78, higher than NT$17.38 in the same period of the prior year.

Looking forward to the second half of 2020, the demand of data center industry remains stable. Considering uncertainties generated from COVID-19 pandemic, the Company is continuously committed to maintaining supply flexibility and momentum, and staying optimistic and will be cautiously watching the overall demand.