NEWS CENTER

　　Chicony Power Technology Co., Ltd. (6412.TW) today held its investor conference and announced its consolidated financial results for the second quarter of 2020. Consolidated revenues for the second quarter hit a record high for the same period and reached NT$9,239 million, up by 11.2% YoY. Thanks to the strong shipments of gaming and Type-C notebook adapters, Chicony Power’s gross margin and operating margin both hit all time highs. Gross margin increased to 19.3%, up by 3.2ppt from last year, while operating margin reached 8.7%, up by 2.3ppt from last year. Meanwhile, consolidated operating profit hit the second highest on record and reached NT$800 million, up by 51.1% YoY. Net profits attributable to owners of the parent was also the second-highest on record and totaled NT$688 million, up by 105.2% YoY, with a basic EPS of NT$1.78, up by 102.3% YoY.

　　For the first half of 2020, the company’s accumulated consolidated revenues and net profits both hit record highs for the same period. Consolidated revenue reached NT$15,948 million, up by 2.6% YoY. Gross profit and operating profit were NT$2,804 and NT$1,156 million, up by 18.2% and 39.8% YoY, respectively. Net profits attributable to owners of the parent was NT$822 million, up by 24.0% YoY. Basic EPS for the first half increased 22.4% YoY to NT$2.13.

　　Chicony Power also announced its unaudited consolidated revenue of NT$2,998 million for July 2020. For the first seven months, accumulated revenues totaled NT$18,943 million, up by 0.7% YoY.