Fitipower Integrated Technology Inc. Reports
Second-Quarter Consolidated Results
Date of events
2022/08/05
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/08/05
2.Company name:Fitipower Integrated Technology Inc.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:NA
6.Countermeasures:NA
7.Any other matters that need to be specified:
Fitipower Integrated Technology Inc. Reports second-Quarter
Consolidated Results at the analyst meeting.
2Q22 consolidated revenue of NT$5,397 million, down 9.4 % from previous
quarter and 8.0% year-over-year
2Q22 consolidated gross margin of 37.7%, down 7.4 percentage points from
previous quarter and 9.4 percentage points year-over-year
2Q22 consolidated operating income of NT$1,155 million, down 40.2% from
previous quarter and 48.0 % year-over-year
2Q22 consolidated net income of NT$889 million; EPS of NT$4.04
Consolidated Revenue
Fitipower Integrated Technology Inc. today announced financial results
of second-quarter ended June 30, 2022.
The second-quarter revenue was NT$5,397 million,
down 9.4% sequentially and 8.0% year-over-year.
The quarter-over-quarter and the year-over-year decreases were mainly
due to each-sized driver IC and power IC products with lower demand.
Consolidated Gross Profit and Gross Margin
The second-quarter gross profit was NT$2,037 million, down 24.3%
sequentially and 26.4% year-over-year.
Gross margin for the quarter was 37.7%, down 7.4 percentage points
sequentially and 9.4 percentage points year-over-year.
The quarter-over-quarter and the year-over-year decreases in gross margin
were mainly due to product mix changes.
Consolidated Net Income, Net Profit Margin and EPS
Net income for the quarter was NT$889 million, down 44.6% sequentially
and 53.9% year-over-year.
Net profit margin for the quarter was 16.4%, lower than 26.9% previous
quarter and 32.8% in the year-ago quarter.
EPS was NT$4.04, down from NT$8.11 in the prior quarter and
NT$10.58 in the year-ago quarter.
The quarter-over-quarter decreases in net income ,net profit margin and
EPS were mainly due to lower revenue .
The year-over-year decreases in net income ,net profit margin and EPS
were mainly due to lower revenue and gross margin.
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Fitipower Integrated Technology Inc. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 07:50:04 UTC.
Fitipower Integrated Technology Inc. is a Taiwan-based company principally involved in the research, development, manufacture and sales of integrated circuits (ICs). The Company operates through two main segments. The Monitor Driver IC segment is mainly engaged in the manufacture and sales of electrophoretic display driver ICs, thin film transistor liquid crystal display driver ICs and thin film transistor liquid crystal display timing controller ICs. The Power Management IC segment is primarily involved in the manufacture and sales of switching regulator ICs, linear regulator ICs, power management units, light emitting diode (LED) driver ICs and motor driver ICs. The Company distributes its products both in domestic markets and to overseas markets.
FITIPOWER INTEGRATED TECHNOLOGY INC. 
