Fitipower(TWSE code:4961) convened institutional investor conference
to announce unaudited Fourth-Quarter and Full-Year 2021 Consolidated
Financial Results today.
4Q '21 consolidated revenue of NT$6,300 million，decreased by 5.9% from
previous quarter and year-over-year increase of 73.2% .
4Q '21 consolidated gross margin of 47.7%, decreased by 1.9% from previous
quarter and year-over-year increase of.20.1%.
4Q '21 consolidated operating income of NT$1,983 million, decreased by 19.6%
from previous quarter and year-over-year increase of 262.3% .
4Q '21 consolidated net income of NT$1,500 million ; EPS of NT$7.45.
2021 consolidated revenue of NT$22,868 million, year-over-year increase of
110.2%, reaching record high.
2021 consolidated gross margin of 46.6%, year-over-year increase of 24.8%;
consolidated operating income of NT$7,720 million, year-over-year increase
of 872.9%; EPS of NT$33.83, reaching record high.
Consolidated Revenue
Fitipower today announced financial results of fourth-quarter
ended December 31, 2021. The fourth-quarter revenue was
NT$6,300 million, decreased by 5.9% from previous quarter and year-over-year
increase of 73.2%.
The slight quarter-over-quarter decrease was mainly due to
medium-sized driver IC, TV power IC products with lower demand and
year-end inventory adjustment for this quarter.
The year-over-year increase was mainly benefitted from product
specifications upgrade or higher sales growth across major products.
2021 total revenue of NT$22,868 million, represented year-over-year increase
of 110.2%.
Consolidated Gross Profit and Gross Margin
The fourth-quarter gross profit was NT$3,001 million, decreased by 9.6% from
previous quarter and year-over-year increase of 199.1%.
Gross margin for the quarter was 47.7%, decreased by 1.9% from previous
quarter and year-over-year increase of 20.1%.
The slight quarter-over-quarter decrease was mainly due to rising cost.
And year-over-year increase in gross margins were mainly due to better
product mix.
Gross profit for the year was NT$10,664 million(gross margin: 46.6%),
year-over-year increase of 347.8%.
Consolidated Net Income, Net Profit Margin and EPS
Net income for the quarter was NT1,500 million, decreased by 27.8%
from previous quarter and year-over-year increase of 202.4.
Net profit margin for the quarter was 23.8%, decreased from 31.1% in the
previous quarter and increased from 13.6% in the year-ago quarter.
EPS was NT$7.45 for the quarter, down from NT$10.9 in the previous quarter
and up from NT$2.69 in the year-ago quarter.
The quarter-over-quarter decreases in net income, net profit margin and
EPS were mainly due to lower gross margin and higher expense margin
this quarter.
The year-over-year increases in net income, net profit margin and EPS
were mainly due to higher revenue and gross margin this quarter.
Full-year 2021 net income was NT$6,389 million, year-over-year increase of
773%.
Accumulated EPS was NT$33.83 for the year, compared with NT$4.07 last year.
