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Wiwynn Reports Third Quarter 2022 Financial Results

Wiwynn Reports Third Quarter 2022 Financial Results

Following the Board of Directors meeting today (November 1), Wiwynn Corporation announced consolidated revenue of NT$79.674 billion, increased by 76.0% year-over-year, operating profit of NT$4.877 billion, profit before tax (PBT) of NT$5.446 billion, profit after tax (PAT) NT$4.316 billion, and basic earnings per share (EPS) of NT$24.68 for the third quarter ended September 30, 2022. The Company achieved record highs consolidated revenue, profits, and EPS.

In the third quarter of 2022, year-over-year, gross margin remains unchanged at 8.1%, operating margin increased by 0.1ppt to 6.1%, and PAT margin achieved record high which increased by 0.9ppt to 5.4%.

In the first nine months of this year, consolidated revenue reached NT$205.436 billion, increased by 51.3% year-over-year. Year-over-year, gross margin remains unchanged at 8.1%, operating margin increased by 0.1ppt to 6.0%. PAT was NT$10.224 billion, PAT margin increased 0.6ppt to 5.0%. EPS was NT$58.48, higher than NT$34.51 in the same period of 2021. Consolidated revenue, PAT, and EPS in the first nine months, have all exceeded 2021 full year numbers.

Looking forward to the fourth quarter, data center industry is growing continuously, due to the enormous growing demand of global digital transformation, cloud services, video conferencing, AI, Metaverse and other applications. The Company stays optimistic to see supply chain gradually easing, which helps to reduce inventory and relieve pressure on working capital need. The Company is continuing to invest in-house capacity in Taiwan, North America, and Southeast Asia to diversify supply chain disruption risk and is committed to stability and flexibility of operations.

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