Wiwynn Reports First Quarter 2023 Financial Results

Following the Board of Directors meeting today (May 8), Wiwynn Corporation announced consolidated revenue achieved NT$74.226 billion, increased by 46.4% year-over-year. Operating profit of NT$4.481 billion, profit before tax (PBT) of NT$4.164 billion, profit after tax (PAT) of NT$3.298 billion, and basic earnings per share (EPS) of NT$18.86 for the first quarter ended March 31, 2023. Benefit from supply chain shortage issue is solved, the Company achieved first quarter record highs for consolidated revenue and profits, and the inventory days reached the lowest level in two years.

Year-over-year, gross margin increased by 0.6 ppt to 8.3%, operating margin increased by 0.3ppt to 6.0%. Due to the impact of exchange loss and interest rate raise, PAT margin decreased by 0.2ppt to 4.4% year-over-year. Gross margin and operating margin achieved first quarter record highs.

Considering the continuous recession, the Company cautiously follow, and timely adjust our response to the economic impacts and uncertainties. Looking forward, long term demand for cloud industry and AI servers is still growing, the Company will continue investing the data center technology.