Wiwynn Reports Fourth Quarter 2023 Unaudited Financial Results

Today (January 18), Wiwynn Corporation announced unaudited consolidated revenue achieved second-highest fourth-quarter records 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 before tax (PBT) of NT$4.458 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 fiscal year 2023, Wiwynn Corporation's unaudited consolidated revenue was NT$241.901 billion, a 17.4% decrease year-over-year. However, gross margin increased to 9.4%, operating margin to 6.6%, and PAT margin to 5%. EPS reached NT$68.88. The company's revenue was the second-highest on record, with all margins achieving historical highs.

After adopting renewable energy in its Taipei Headquarters in 2022, Wiwynn’s Tainan factory also started using it in 2023, advancing towards full renewable energy use. In 2023, the company deployed a carbon management platform and, in January 2024, hosted a supplier conference to collaborate on carbon footprint verification and renewable energy adoption, aiming for net-zero emissions.

Optimistic about long-term growth in the cloud and AI server industries, the company is investing in data center technologies and product development. The Board approved a US$100 million capital increase for Wiwynn Technology Service Malaysia SDN. BHD. (WYMY) for factory construction. Investments in Asia Pacific and the Americas aim to strengthen the supply chain and achieve sustainable development goals.