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Wiwynn Reports Third Quarter 2020 Financial Results

Wiwynn Reports Third Quarter 2020 Financial Results
Following the Board of Directors meeting today (November 10), Wiwynn Corporation announced consolidated revenue of NT$47.206 billion, operating profit of NT$2.987 billion, profit before tax (PBT) of NT$2.857 billion, profit after tax (PAT) NT$2.246 billion, and basic earnings per share (EPS) of NT$12.84 for the third quarter ended September 30, 2020.

In the third quarter, we achieved record highs for operating profit, PBT, PAT and basic EPS. Revenue increased by 41.6% year-over-year. Gross margin increased by 1.1ppt to 8.6%, operating margin increased by 1.1ppt to 6.3%, and PAT margin increased by 0.7ppt to 4.8%. EPS was NT$12.84, higher than NT$7.84 in the same period of the prior year.

In the first 9 months of this year, consolidated revenue reached NT$134.414 billion, which increased by 17.9% year-over-year. Year-over-year, gross margin for the period increased by 1.2ppt to 8.0%, operating margin increased by 1.0ppt to 5.7%. PAT reached NT$5.877 billion and PAT margin increased by 0.7ppt to 4.4%. EPS was NT$33.62, higher than NT$25.18 in the same period of the prior year.

Looking forward to the fourth quarter, 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 will be cautiously watching the overall demand. Looking forward to 2021, the demand of data center industry is growing continuously. The Company is cautiously optimistic about the demand for 5G and information and communication products, which will help to accelerate future growth momentum.

 
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