NEWS CENTER

　　Chicony Power Technology Co., Ltd. (6412.TW) today announced its consolidated financial results for the third quarter of 2024. Thanks to better product mix and prudent expense control, the company’s gross margin and operating margin for the third quarter both improved QoQ to 21.0% and 12.0%, respectively. As a result, its third-quarter operating profits hit a new high and rose 35.8% QoQ to NT$1,240 million. Meanwhile, the company first-three quarter EPS hit a new record high for the same period, reaching NT$6.19, up by 6.5% YoY. Its first-three quarter gross margin, operating margin, and net margin also hit record highs for the same period.

　　For 3Q24, Chicony Power’s consolidated revenues arrived in NT$10,363 million, up by 16.5% QoQ, mainly benefited from the seasonal demand, new products launch, and the robust growth in smart building business. Thanks to better product mix and prudent expense control, the company’s gross margin reached 21.0%, up by 0.5 ppt QoQ, and operating margin reached 12.0%, up by 1.7 ppt QoQ, with both ratios hitting the second highest for the same period. As a result, third-quarter operating profits rose 35.8% QoQ and 2.3% YoY to NT$1,240 million, setting another new quarterly record. On the other hand, EPS in 3Q came down 3.1% QoQ to NT$2.21, mainly owing to the Forex losses caused by unfavorable exchanges rates.

　　For the first three quarters of 2024, the company’s accumulated consolidated revenue reached NT$27,306 million, flattish YoY. The first-three quarter gross margin was 20.8%, up by 0.2ppt YoY. Operating margin was 10.8%, up by 0.4ppt YoY. Net margin was 9.1%, up by 0.6ppt YoY. With better profits margins, the company first-three quarter EPS hit a new record high for the same period and reached NT$6.19, up by 6.5% YoY. Its first-three quarter gross margin, operating margin, and net margin also hit record highs for the same period.

　　Chicony Power also announced its unaudited consolidated revenue of NT$3,343 million, up by 6.2% YoY, for October 2024. For the first ten months, accumulated revenues totaled NT$30,649 million, up by 0.7% YoY.