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.
