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.
