NEWS CENTER

　　Chicony Power Technology Co., Ltd. (6412.TW) today held its investor conference and announced its consolidated financial results for the first quarter of 2021. Consolidated revenues for the first quarter grew 48.8% YoY to NT$9,982 million, which is the second highest sales in company history. Thanks to an improved product mix, the company’s gross margin reached 16.5%, up 1.3ppt YoY. Gross profit was NT$1,647million, up 61.8% YoY. With better expense control, the company’s operating margin improved 2.4ppt from a prior-year quarter to 7.7%. Operating profit reached NT$773 million, up 117.4% year over year. Net profits attributable to owners of the parent surged 333.8% YoY to NT$579 million, with net margin of 5.8%, up 3.8ppt YoY. Basic EPS was NT$1.49, up 325.7% YoY. Annualized ROE for the quarter reached 25.6%. Overall, Chicony Power had a strong start to 2021 and reported record high quarterly revenues, gross profit, operating profit, net profit, EPS, gross margin, operating margin, net margin, and ROE ratio for the same period.

　　Chicony Power also announced its unaudited consolidated April 2021 revenue NT$3,162 million, a decline of 1.82% YoY, impacted by the shortages of select key components. For the first four months, accumulated revenues hit a record high for the same period and totaled NT$13,145 million, up 32.4% YoY.