fitipower integrated technology inc. providing an overview of the
fourth-quarter and full-year 2023 unaudited consolidated results at the
analyst meeting.
4q23 consolidated revenue of nt$3,767 million, down11.18 % from previous
quarter and down 8.78% year-over-year
4q23 consolidated gross margin of 33.78%, up 0.31 percentage points from
previous quarter, and up 6.99 percentage points year-over-year
4q23 consolidated operating income of nt$581 million, down 10.60% from
previous quarter, and up 75.84 % year-over-year
4q23 consolidated net income of nt$612 million; eps of nt$4.43
2023 consolidated revenue down 17.25% year-over-year to nt$16,286 million
with eps of nt$13.29
consolidated revenue
fitipower integrated technology inc. today providing an overview to
financial results of fourth-quarter ended dec 31, 2023. the fourth-quarter
revenue was nt$3,767 million, down 11.18 % sequentially and down 8.78%
year-over-year. the quarter-over-quarter and year-over-year decrease was
mainly due to customer capacity adjustments in mid and large size product
line.
full year 2023 revenue totaled nt$16,286 million, down 17.25% from 2022.
consolidated gross profit and gross margin
the fourth-quarter gross profit was nt$1,272 million, down 10.34%
sequentially, and up 15.00% year-over-year. gross margin for the quarter
was 33.78%, up 0.31 percentage points sequentially, and up 6.99
percentage points year-over-year. the quarter-over-quarter and
year-over-year increase were mainly due to changes of the product mix
and new products mass production.
full year 2023 gross profit was nt$5,282 million, down 26.07%
year-over-year. gross margin for 2023 was 32.43%, down 3.88 percentage
points year-over-year.
consolidated net income, net profit margin and eps
net income for the quarter was nt$612 million, down 7.35%
sequentially, and up 105.09% year-over-year. net profit margin for the
quarter was 16.25%, higher than 15.57% previous quarter and 7.23% in the
year-ago quarter. eps was nt$4.43, up from nt$3.98 in the prior quarter
and nt$1.87 in the year-ago quarter. the quarter-over-quarter and
year-over-year increase in net income, net profit margin and eps were
mainly due to changes of the product mix.
full year 2023 net income was nt$2,367 million, down 27.59%
year-over-year. accumulated eps was nt$13.29 for the year, compared with
nt$16.49 in 2022.
