NEWS CENTER

　　Chicony Power Technology Co., Ltd. (6412.TW) today announced its consolidated financial results for the third quarter of 2020, with operating profit hitting all-time high and net profit reaching the second-highest historical level. Consolidated revenue for the quarter reached NT$9,656 million, down by 3.4% YoY, as COVID-19 adversely impacted the demand for certain products such as desktop and consumer electronics power supplies. Nevertheless, thanks to the strong shipments of Type-C notebook, gaming notebook, and game console power supplies, the company’s gross margin and operating margin both hit record highs. Gross margin increased to 20.4%, up by 2.6ppt from last year, while operating margin reached 10.4%, up by 1.9ppt from last year. As a result, gross profit rose to NT$1,969 million, a 10.8% YoY increase. Operating profit grew 18.3% year-over-year to NT$1,006 million. Net profits attributable to owners of the parent was NT$733 million, up by 9.7% YoY, with a basic EPS of NT$1.89, up by 8.0% YoY.

　　For the first three quarters of 2020, accumulated consolidated revenues reached NT$25,605 million, up by 0.3% year-over-year. Gross profit and operating profit were NT$4,773 and NT$2,162 million, up by 15.1% and 28.9% YoY, respectively. Net profits attributable to owners of the parent was NT$1,555 million, a 16.7% YoY increase. The first three quarters Basic EPS increased 15.2% YoY to NT$4.02. In a nutshell, Chicony Power’s three quarters net income and EPS both set historical highs.

　　Additionally, Chicony Power announced its unaudited consolidated revenue of NT$3,346 million for October 2020, down by 5.3% YoY. The revenue decline in October was mainly because sales accelerated in September ahead of the China's Golden Week and Mid-Autumn Festival holiday. However, the robust notebook power supply demand still helped the company to maintain a high sales level in October. For the first ten months, accumulated revenues totaled NT$28,950 million, roughly flat compared to last year.