Wiwynn Reports Fourth Quarter 2023 Financial Results

Following the Board of Directors meeting today (February 26), Wiwynn Corporation announced consolidated revenue at NT$58.55 billion, increased by 10.9% quarter-over-quarter, and decreased 33% year-over-year. The proportion of AI product revenue surpassed 20%. Operating profit of NT$4.646 billion, profit after tax (PAT) of NT$3.515 billion, and basic earnings per share (EPS) of NT$20.10 for the fourth quarter ended December 31, 2023. Year-over-year, gross margin increased by 2.6ppt to 11%, operating margin increased by 1.8ppt to 7.9%, PAT margin increased by 1.6ppt to 6% year-over-year.

In the fiscal year 2023, consolidated revenue achieved NT$241.901 billion, decreased by 17.4% year-over-year. Year-over-year, gross margin increased by 1.2ppt to 9.4%, operating margin increased by 0.5ppt to 6.6%, PAT margin increased by 0.1ppt to 5%. EPS was NT$68.88. The Company achieved the second-highest record in consolidated revenue, while gross margin, operating margin and PAT margin all achieved record highs. 

The Board of Directors passed a resolution on the distribution of profit for fiscal year 2023. Cash dividend proposed to be distributed to common shareholders is NT$7,343,313,222, as NT$42 per share. Also, 2024 Annual Shareholders’ Meeting is resolved to hold on May 24, 2024.

The company is optimistic about the long-term demand growth in the cloud industry and AI servers and is committed to continuous investments to deepen data center technologies and product development. In response to working capital needs, the Board of Directors resolved to approve the Company raising funds within the limit of 17 million shares of common stock, subject to the market conditions and the Company ‘s needs.