NEWS CENTER
We uphold full customer satisfaction in the philosophy of providing the best products and services......
Event2020-05-04
Chicony Power reported a record-breaking first quarter operating profit
Chicony Power Technology Co., Ltd. (6412.TW) today held its investor conference and announced its consolidated financial results for the first quarter of 2020. Affected by COVID-19, consolidated revenues for the first quarter declined 7.2% to NT$6,709 million. Thanks to a better product mix, Chicony Power’s gross margin reached 15.2%, up 0.9ppt from the same period last year. Meanwhile, operating margin improved 1.2ppt from a prior-year quarter to 5.3%. As a result, consolidated operating profit hit an all-time-high for the same period and reached NT$326 million, up 19.4% year over year. Net profits attributable to owners of the parent was NT$134 million, with a basic EPS of NT$0.35.
Chicony Power also announced its unaudited consolidated April 2020 revenue NT$3,221 million, up by 23.2% year over year, hitting a record high for the same period. For the first four months, accumulated revenues totaled NT$9,931 million, up by around 0.9% year over year.
| (NT$ million) | 1Q20 | 1Q19 | YoY % |
|---|---|---|---|
| Net Sales | 6,709 | 7,229 | -7.2 |
| Gross Profit | 1,018 | 1,036 | -1.8 |
| Operating Profit | 356 | 298 | 19.4 |
| Pre-tax income | 175 | 399 | -56.3 |
| Net Income attributable to parent | 134 | 328 | -59.3 |
| After Tax EPS (NT$) | 0.35 | 0.86 | -59.3 |
| Profit margins % | |||
| GPM | 15.2 | 14.3 | +0.9ppt |
| OPM | 5.3 | 4.1 | +1.2ppt |
| NPM | 2.0 | 4.5 | -2.5ppt |
