NEWS CENTER

　　Chicony Power Technology Co., Ltd. (6412.TW) today announced its consolidated financial results for the first half of 2022. Consolidated revenues in 1H22 reached NT$20,764 million, up by 5.9% YoY. Net profits attributable to owners of the parent rose 23.4% YoY to NT$1,529 million, with basic EPS of NT$3.88. Furthermore, annualized ROE for 1H22 reached 27.7%. Despite of the effects of China’s Covid lockdowns in April and raw material shortages, the company reported record-breaking 1H22 consolidated revenues, EPS, and ROE ratio for the same period.

　　Affected by China’s Covid lockdowns in April and the shortages of certain key components, consolidated revenues for the second quarter came down 2.1% QoQ to NT$10,270 million, but the quarterly revenue still registered a 6.7% growth compared to the year-ago quarter. Gross margin was 16.8%, down by 1.2ppt YoY but up by 0.2ppt QoQ, while the YoY decrease of gross margins was primarily driven by higher manufacturing costs caused by the China lockdowns and the increased raw material costs. Nevertheless, with prudent expense control and higher non-operating income, net profits attributable to owners of the parent rose 17.0% YoY to NT$772 million. Meanwhile, basic EPS was NT$1.95, hitting a record high for the same period.

　　Chicony Power also announced its unaudited consolidated revenue of NT$3,535million for July 2022, up by 12.5% YoY, hitting a record high for the same period. For the first seven months, accumulated revenues also reached a new high in the same period and totaled NT$24,299 million, up by 6.8% YoY.