fitipower integrated technology inc. providing an overview of the
second-quarter consolidated results at the analyst meeting.
2q23 consolidated revenue of nt$4,340 million, up 10.26 % from previous
quarter and down 19.57% year-over-year
2q23 consolidated gross margin of 32.03%, up 1.55 percentage points from
previous quarter, and down 5.72 percentage points year-over-year
2q23 consolidated operating income of nt$623 million, up 26.85% from
previous quarter, and down 46.07% year-over-year
2q23 consolidated net income of nt$658 million; eps of nt$3.13
consolidated revenue
fitipower integrated technology inc. today providing an overview to
financial results of second-quarter ended june 30, 2023.
the second-quarter revenue was nt$4,340 million, up 10.26 % sequentially
and down 19.57% year-over-year. the quarter-over-quarter increase was
mainly due to improvements in demand for certain consumer electronics.
the year-over-year decrease was mainly due to customers’inventory
adjustments across all product lines caused by weak end demand.
consolidated gross profit and gross margin
the second-quarter gross profit was nt$1,390 million, up 15.88%
sequentially , and down 31.76% year-over-year. gross margin for the
quarter was 32.03%, up 1.55 percentage points sequentially, and down
5.72 percentage points year-over-year. the quarter-over-quarter increase
was mainly due to changes of the product mix. and the year-over-year
decrease reflected changes in prices and costs of our products.
consolidated net income, net profit margin and eps
net income for the quarter was nt$658 million, up 50.89% sequentially,
and down 26% year-over-year. net profit margin for the quarter was 15.17%
, higher than 11.08% previous quarter, but lower than 16.48% in the
year-ago quarter. eps was nt$3.13, up from nt$2.26 in the prior quarter,
but down from nt$4.04 in the year-ago quarter. the quarter-over-quarter
increases in net income, net profit margin and eps were mainly due to
changes of the product mix. the year-over-year decreases in net income,
net profit margin and eps were mainly due to lower revenue and gross
margin in this quarter.
