Wiwynn Reports Second Quarter 2022 Financial Results

Following the Board of Directors meeting today (August 2), Wiwynn Corporation announced consolidated revenue of NT$75.057 billion, increased by 46.6% year-over-year, operating profit of NT$4.582 billion, profit before tax (PBT) of NT$4.516 billion, profit after tax (PAT) NT$3.563 billion, and basic earnings per share (EPS) of NT$20.38 for the second quarter ended June 30, 2022. The Company achieved record highs consolidated revenue, profits, and EPS.

In the second quarter of 2022, the Company achieved second quarter record highs for margins. Gross margin increased by 0.2ppt to 8.3%, operating margin increased by 0.3ppt to 6.1%, and PAT margin increased by 0.2ppt to 4.7%. EPS was NT$20.38, higher than NT$13.20 in the same period of 2021.

In the first half of 2022, consolidated revenue achieved record high of NT$125.763 billion, increased by 39.0% year-over-year. Year-over-year, gross margin decreased by 0.1ppt to 8.1%, operating margin increased by 0.1ppt to 6.0%. PAT was NT$5.909 billion, PAT margin increased by 0.3ppt to 4.7% year-over-year. EPS was NT$33.79, higher than NT$22.92 in the same period of 2021.

Looking forward to the second half of 2022, the demand of data center industry is growing continuously, due to the acceleration of enterprise digital transformation and other AI applications. However, with the market uncertainties and continuous supply chain risk, the Company is continuing to invest in-house capacity in Taiwan, North America, and Southeast Asia and is committed to stability and flexibility of operations through cooperation with customers and supply chain partners.

In order to respond to the growing industry and strong demand of our customers, the Board of Directors resolved to approve capital increases of subsidiaries, which are Wiwynn Mexico, S.A. de C.V., in the amount of USD$26 million, and Wiwynn Technology Service Malaysia SDN. BHD., in the amount of USD$34 million to expand our capacity.