Wiwynn Reports Third Quarter 2021 Financial Results

Following the Board of Directors meeting today (November 3), Wiwynn Corporation announced consolidated revenue of NT$45.264 billion, operating profit of NT$2.699 billion, profit before tax (PBT) of NT$2.575 billion, profit after tax (PAT) NT$2.027 billion, and basic earnings per share (EPS) of NT$11.59 for the third quarter ended September 30, 2021. Due to impact of component shortage, in the third quarter of 2021, revenue decreased by 4.1% year-over-year. Compared to the same period last year, gross margin decreased by 0.4ppt to 8.1%, operating margin decreased by 0.4ppt to 6.0%, and PAT margin decreased by 0.3ppt to 4.5%.

In the first 9 months of this year, consolidated revenue reached NT$135.747 billion, which increased by 1.0% Compared to the same period last year. Year-over-year, gross margin increased by 0.1ppt to 8.1%, operating margin increased by 0.1ppt to 5.9%. PAT reached NT$6.034 billion and PAT margin increased by 0.1ppt to 4.4%. Operation results continued to grow despite challenges from the appreciation of the Taiwan Dollar, continued tightening of the supply chain and rising shipping freight. EPS was NT$34.51, higher than NT$33.62 in the same period of the prior year.

Looking forward to the fourth quarter, the demand of data center industry is growing quarter over quarter. However, the shortage issue of specific components has not been fundamentally resolved and the risk of shortage is still severe. The Company is committed to stability and flexibility of operations through cooperation with customers and supply chain partners.