Wiwynn Reports First Quarter 2022 Financial Results

Following the Board of Directors meeting today (May 3), Wiwynn Corporation announced consolidated revenue of NT$50.705 billion, increased by 29.1% year-over-year, operating profit of NT$2.907 billion, profit before tax (PBT) of NT$2.972 billion, profit after tax (PAT) NT$2.346 billion, and basic earnings per share (EPS) of NT$13.42 for the first quarter ended March 31, 2022.

In the first quarter of 2022, consolidated revenue, operating profit, PBT, PAT, and EPS all hit record highs for the same period. Due to the impact of manufacturing and transportation costs, gross margin and operating margin decreased by 0.5ppt and 0.1ppt year-over-year respectively. Benefited from foreign exchange gains, PAT margin increased by 0.3ppt to 4.6%, achieved record high for the same period.

Due to acceleration of enterprise digital transformation and other AI applications, the demand of data center industry is growing continuously. However, with the market uncertainties and existing supply chain risk, the Company is continuing invest in-house capacity in Taiwan, North America, and South East Asia, and committed to stability and flexibility of operations through cooperation with customers and supply chain partners.