Fitipower Integrated Technology Inc. Reports Second-Quarter Consolidated Results

2024-08-09

Fitipower Integrated Technology Inc. providing an overview of the

Second-Quarter Consolidated Results at the analyst meeting.

2Q24 consolidated revenue of NT$5,022 million, up 34.92 % from previous

quarter and up 15.71% year-over-year

2Q24 consolidated gross margin of 30.71%, up 0.78 percentage points from

previous quarter, and down 1.32 percentage points year-over-year 2Q24

consolidated operating income of NT$704 million, up 84.03% from previous

quarter, and up 13.08 % year-over-year. 2Q24 consolidated net income of

NT$733 million; EPS of NT$4.91

Consolidated Revenue

Fitipower Integrated Technology Inc. today providing an overview to

financial results of second-quarter ended Jun 30, 2024.

The second-quarter revenue was NT$5,022 million, up 34.92 % sequentially

and up 15.71% year-over-year. The quarter-over-quarter and year-over-year

increase was mainly due to the increase of four main product line

shipments .

Consolidated Gross Profit and Gross Margin

The Second-quarter gross profit was NT$1,542 million, up 38.46%

sequentially, and up 10.95% year-over-year. Gross margin for the quarter

was 30.71%, up 0.78 percentage points sequentially, and down 1.32

percentage points year-over-year. The quarter-over-quarter increase and

year-over-year decrease were mainly due to changes of the product mix.

Consolidated Net Income, Net Profit Margin and EPS

Net income for the quarter was NT$733million, up 63.32%

Sequentially, and up 11.49% year-over-year. Net profit margin for the

quarter was 14.61%, higher than 12.07% previous quarter, and lower than

15.17% in the year-ago quarter. EPS was NT$4.91, up from NT$3.17 in the

prior quarter, and up from NT$3.13 in the year-ago quarter.

The quarter-over-quarter increase in net income, net profit margin and

EPS, the year-over-year increase in net income and EPS and the

year-over-year decrease in net profit margin were mainly due to changes

of the product mix.