fitipower integrated technology inc. reports first-quarter consolidated
results at the analyst meeting.
1q22 consolidated revenue of nt$5,961 million, down 5.3% from previous
quarter and up 48.8% year-over-year
1q22 consolidated gross margin of 45.1%, down 2.4 percentage points from
previous quarter and up 5.9 percentage points year-over-year
1q22 consolidated operating income of nt$1,932 million, down 2.5% from
previous quarter and up 85.5% year-over-year
1q22 consolidated net income of nt$1,608 million; eps of nt$8.11
consolidated revenue
fitipower integrated technology inc. today announced financial results of
first-quarter ended march 31, 2022. the first-quarter revenue was nt$5,961
million, down 5.3% sequentially and up 48.8% year-over-year.
the quarter-over-quarter slightly decreases was mainly due to each-sized
driver ic and power ic products with lower demand. the year-over-year
increases was mainly due to product specifications upgrade or higher
demand across major products.
consolidated gross profit and gross margin
the first-quarter gross profit was nt$2,693 million, down 10.2%
sequentially and up 71.3% year-over-year. gross margin for the quarter was
45.1%, down 2.4 percentage points sequentially and up 5.9 percentage points
year-over-year.
the quarter-over-quarter decreases in gross margin was mainly due to higher
cost. the year-over-year increases in gross margin was mainly due to better
product mix.
consolidated net income, net profit margin and eps
net income for the quarter was nt$1,608 million, up 7.1% sequentially and
up 82.7% year-over-year. net profit margin for the quarter was 26.9%,
higher than 23.8% previous quarter and 21.9% in the year-ago quarter.
eps was nt$8.11, up from nt$7.45 in the prior quarter and nt$4.78 in the
year-ago quarter. the quarter-over-quarter increases in net income ,
net profit margin and eps were mainly due to lower expense ratio .
the year-over-year increases in net income ,net profit margin and eps were
mainly due to higher revenue and gross margin this quarter.
