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Wiwynn Reports Second Quarter 2023 Financial Results

Wiwynn Reports Second Quarter 2023 Financial Results

Following the Board of Directors meeting today (August 7), Wiwynn Corporation announced consolidated revenue of NT$56.308 billion, decreased by 25.0% year-over-year, operating profit of NT$3.492 billion, profit before tax (PBT) of NT$3.558 billion, profit after tax (PAT) NT$2.616 billion, and basic earnings per share (EPS) of NT$14.96 for the second quarter ended June 30, 2023. Year-over-year, gross margin increased by 0.5ppt to 8.8%, operating margin increased by 0.1ppt to 6.2%, PAT margin decreased by 0.1ppt to 4.6%. Due to global recession continuously effecting market demand, revenue and profits declined year-over-year. However, with solid cost control, the margins remain stable.

In the first half of 2023, consolidated revenue achieved record high of NT$130.534billion, increased by 3.8% year-over-year. Year-over-year, gross margin increased by 0.4ppt to 8.5%, operating margin increased by 0.1ppt to 6.1%. PAT was NT$5.914 billion, PAT margin decreased by 0.2ppt to 4.5% year-over-year. EPS was NT$33.82, higher than NT$33.79 in the same period of 2022.

Looking forward, long term demand for cloud computing industry is still growing, the Company will continue investing the data center technology. However, considering the short-term economy and market demand continuously going downturn, the Company cautiously follow, and timely adjust our response to the economic impacts and uncertainties.

Please visit the shareholder deck to view the update.

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