Wiwynn Reports Third Quarter 2024 Financial Results

Following the Board of Directors meeting today (November 13), Wiwynn Corporation announced consolidated revenue of NT$97.818 billion, an 85.2% year-over-year increase. Operating profit was NT$7.905 billion, profit before tax (PBT) NT$7.939 billion, and profit after tax (PAT) NT$6.328 billion for the third quarter ending September 30, 2024. Year-over-year, gross margin increased by 1.1 percentage points to 10.7%, operating margin by 1.9 percentage points to 8.1%, and PAT margin by 1.5 percentage points to 6.5%. Basic earnings per share (EPS) was NT$34.36, higher than NT$14.96 in the same period of 2023. Consolidated revenue, profits, and EPS all reached record highs.

For the first three quarters of 2024, consolidated revenue totaled NT$244.927 billion, a 33.6% year-over-year increase and surpassing the full fiscal year revenue of NT$241.901 billion in 2023. Year-over-year, gross margin rose by 2.0 percentage points to 10.8%, and operating margin by 2.1 percentage points to 8.2%. PAT was NT$15.729 billion, with PAT margin up by 1.7 percentage points to 6.4% year-over-year. EPS reached NT$88.38, higher than the fiscal year 2023 EPS of NT$68.88.

The Company remains optimistic about long-term market demand and growth, with continuous investments planned to advance data center technologies and product development. To meet future capacity and operational demands, the Company will acquire the current rental factory owned by Tongtai Machine & Tool Co., Ltd. in Luzhu, Southern Taiwan Science Park, for up to NT$1.52 billion. The Malaysia factory’s PCBA capacity began mass production in the fourth quarter, and the Company is continually implementing and testing next-generation advanced liquid cooling technologies and products across its global factories.