Value Co-creation
Value Co-creation

Value Co-creation

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Adhering to sustainable operations, by innovating management, marketing, and technology, we constantly enhance market competitiveness, provide new and high-tech products and services integrating social well-being and environmental protection to realize our brand vision: Drive your heart, Power your life.


Goals

Achieved
On-going
Issue Goal 2022 Target 2022 Status
Brand Management
  • Look for suitable investment targets that are helpful for the development of the business depending on the development of the industry and the conditions of the market.
  • Optimize effective external communication channels and maintain good relationship with the global capital market to strengthen the confidence of the investors.
  • Shorten the disclosure period of the annual financial statements to less than 60 days.
Re-build the Fitipower’s Website
Build the official website of Fitipower Environmental Foundation
Shorten the disclosure period of the quarterly financial statements to less than 30 days (excluding Q4)
R&D and Innovation
  • Develop multiple applications including edge computing, IoT, AI, automotive electronics, and ePaper and a comprehensive one-stop service to meet the demands of customers and prospects.
  • Be committed to the realization of smart and green life using innovative HMIs and integrated 5-sense interactions.
  • Enhance the diversity of the products and raise the technology level.
DDIC: Mini/Micro LED, AMOLED and other applications
DDIC: Light, thin, low power consumption (3.3V→1.8V), R&D of HD technology
DDIC: Improvement of product efficiency
PMIC: Development tendency toward small size, high efficiency, low power consumption, and high integration with the support of the advance process
PMIC: Tendency toward green energy saving and environmental protection
PMIC: Applications in the EV area (high voltage, high current and highly reliable PMICs and motor driver ICs)
Others: eDP applications (better transmission efficiency, simplified circuits, reduced power consumption)
Others: AI applications
Others: 12 new patent applications per year
Others: 2 industry-academia collaboration projects per year

About Fitipower


Founded in 1995 in Hsinchu, Taiwan, Fitipower is a professional IC design company listed on the TWSE (TWSE: 4961) in 2018. With outstanding capacity in the R&D of analog, digital and mixed signals, our products cover panel driver ICs, PMICs, and other total solutions. We provide various IC products including T-CON ICs and motor drivers. We are also dedicated to extending the applications of low-power-consumption intelligent IoT (AIoT) and high-performance EV-related IC products. Through continuous research, development, improvement, and validation, our products have gained popularity among various global customers, with nearly 90% of our business coming from exports. Our core markets are concentrated in Asia. In addition to our headquarters in Hsinchu, we also have offices in Neihu, Tainan and Shenzhen in order to provide immediate business and technical services to customers. Looking to the future, we will continue to deepen R&D capacity and maintain steady operations with careful steps, hoping to become a w orld-class IC design house.

In an effort to further improve the Company’s image and website functions, while improving the user experience, we redesigned the Company’s official website and established the Fitipower Technology Environmental Sustainability Foundation in 2022. Through a robust website design and new features such as video and audio section, surveys, product inquiry forms, stakeholders can clearly and easily access the information they need on the website, including company vision and mission, strategy and policy, products and services, benefits and recruitment as well as ESG.




Financial Performance


Item
Subitem 2020 2021 2022
Direct economic value generated
Net sales (NT$ thousands) 10,879,700 22,868,238 196,680,425
Income from financial investments (NT$ thousand) 318 6,702 68,119
Income from asset sales (NT$ thousands) 0 0 0
Economic value distributed
Operating costs (NT$ thousands) 9,027,152 12,794,460 132,272,318
Employee wages and benefits (NT$ thousands) 1,072,231 2,337,095 2,532,201
Payments to providers of capital (NT$ thousands) 165,314 415,549 3,164,997
Payments to government (NT$ thousands) 107,504 1,410,441 700,997
Community investments (NT$ thousands) 0 200 20,000
Economic value retained
507,817 5,917,238 58,031
Investment value
Return on equity 15.94% 60.39% 19.67%
Return on assets 9.71% 38.14% 13.22%
Gross margin 21.89% 46.63% 36.31%
Operating margin 7.29% 33.75% 19.66%
Profit margin 6.73% 27.94% 16.61%
EPS (NT$) 4.07 33.83 16.49
Cash dividend per share (NT$) 2.5 17 8.5
Market capitalization (NT$100m) 205 526 215
Capital expenditure (NT$ thousand)) 209,864 544,939 748,490
Others
Government grants (NT$ thousand) 97,902 45,218 26,591


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