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Event2020-03-02
Chicony Power reports record revenue and profits in 2019. EPS was NT$4.51.
Chicony Power Technology Co., Ltd. (6412.TW) today held its investor conference and announced financial results for fiscal 2019. Consolidated revenues for the full year reached NT$34,415 million, up by 10.0% year-over-year. Consolidated gross profit rose to NT$5,634 million, a 28.5% year-over-year increase. Consolidated operating profit grew 54.7% year-over-year to NT$2,200 million. Net profits attributable to owners of the parent was NT$1,720 million, up by 67.0% year-over-year, with a basic EPS of NT$4.51, up 65.8% on a year-over-year basis. Thanks to the company’s efforts in optimizing product mix and cost structure, Chicony Power had a strong finish to 2019 and reported record-breaking consolidated annual revenues, gross profits, operating profits, net profits, EPS, operating margin, and return on equity (ROE) ratio.
In addition, Chincony Power’s Board of Directors today resolved to propose a cash dividend of NT$3.20 per share. For the past 7 years, the company’s dividend payout ratio has consistently exceeded 70%.
| (NT$ million) | 4Q19 | 4Q18 | YoY % |
|---|---|---|---|
| Net Sales | 8,883 | 8,366 | 6.2 |
| Gross Profit | 1,486 | 1,180 | 26.0 |
| Operating Profit | 523 | 475 | 10.2 |
| Pre-tax income | 535 | 387 | 38.1 |
| Net Income attributable to parent | 389 | 275 | 41.3 |
| After Tax EPS (NT$) | 1.02 | 0.72 | 41.7 |
| Profit margins % | |||
| GPM | 16.7 | 14.1 | +2.6ppt |
| OPM | 5.9 | 5.7 | +0.2ppt |
| NPM | 4.4 | 3.3 | +1.1ppt |
| (NT$ million) | 2019 | 2018 | YoY % |
|---|---|---|---|
| Net Sales | 34,415 | 31,292 | 10.0 |
| Gross Profit | 5,634 | 4,384 | 28.5 |
| Operating Profit | 2,200 | 1,422 | 54.7 |
| Pre-tax income | 2,220 | 1,335 | 66.3 |
| Net Income attributable to parent | 1,720 | 1,030 | 67.0 |
| After Tax EPS (NT$) | 4.51 | 2.72 | 65.8 |
| Profit margins % | |||
| GPM | 16.4 | 14.0 | +2.4ppt |
| OPM | 6.4 | 4.5 | +1.9ppt |
| NPM | 5.0 | 3.3 | +1.7ppt |
