Fitipower Integrated Technology Inc. Reports Fourth-Quarter and
Full-Year Consolidated Results at the analyst meeting.
4Q22 consolidated revenue of NT$4,129 million, down 1.4 % from previous
quarter and 34.4% year-over-year
4Q22 consolidated gross margin of 26.7%, down 4.3 percentage points from
previous quarter and 20.8 percentage points year-over-year
4Q22 consolidated operating income of NT$330 million, down 26.6% from
previous quarter and 83.3 % year-over-year
4Q22 consolidated net income of NT$298 million; EPS of NT$1.87
2022 consolidated revenue down 13.9% year-over-year to NT$19,680 million
with EPS of NT$16.49
Consolidated Revenue
Fitipower Integrated Technology Inc. today announced financial results
of fourth-quarter ended Dec 31, 2022. The fourth-quarter revenue was
NT$4,129 million, down 1.4% sequentially and 34.4% 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.
Full year 2022 revenue totaled NT$19,680 million, down 13.9% from 2021.
Consolidated Gross Profit and Gross Margin
The fourth-quarter gross profit was NT$1,106 million, down 15.3%
sequentially and 63.1% year-over-year. Gross margin for the quarter
was 26.7%, down 4.3 percentage points sequentially and 20.8 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.
Full year 2022 gross profit was NT$7,145 million, down 33.0%
year-over-year. Gross margin for 2022 was 36.3%, down 10.3 percentage
points year-over-year.
Consolidated Net Income, Net Profit Margin and EPS
Net income for the quarter was NT$298 million, down 36.9%
sequentially and 80.1% year-over-year. Net profit margin for
the quarter was 7.2%, lower than 11.2% previous quarter and 23.8% in
the year-ago quarter. EPS was NT$1.87, down from NT$2.48 in the prior
quarter and NT$7.45 in the year-ago quarter. The quarter-over-quarter
decreases in net income ,net profit margin and EPS were mainly due to
lower revenue and product mix changes. The year-over-year decreases in
net income ,net profit margin and EPS were mainly due to lower revenue.
Full year 2022 net income was NT$3,269 million, down 48.8% year-over-year.
Accumulated EPS was NT$16.49 for the year, compared with NT$33.83 in 2021.
