Wiwynn Reports Second Quarter 2024 Financial Results

Following the Board of Directors meeting today (August 8), Wiwynn Corporation announced consolidated revenue at NT$77.481 billion, increased by 37.6% year-over-year. Operating profit of NT$6.207 billion, profit before tax (PBT) of NT$6.207 billion, profit after tax (PAT) of NT$4.694 billion, and basic earnings per share (EPS) of NT$26.85 for the second quarter ended June 30, 2024. Year-over-year, gross margin increased by 2.0 ppt to 10.8%, operating margin increased by 1.8 ppt to 8.0%, and PAT margin increased by 1.5 ppt to 6.1%. 

In the first half of 2024, consolidated revenue achieved NT$147.109 billion, increased by 12.7% year-over-year. Year-over-year, gross margin increased by 2.4 ppt to 10.9%, operating margin increased by 2.1 ppt to 8.2%. PAT was NT$9.401 billion, PAT margin increased by 1.9 ppt to 6.4% year-over-year. EPS was NT$53.77, higher than NT$33.82 in the same period of 2023. Consolidated revenue, gross margin, operating margin, and PAT margin all achieved record highs for the same period.

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 order to respond to the business demand, the Board of Directors resolved to approve capital increase of subsidiary in the United States, Wiwynn International Corporation, in the amount of USD$500 million to replenish its own working capital and strengthen financial structure.