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FIT HON TENG(06088)发布中期业绩,股东应占利润8511.7万美元,同比增加818.79%

FIT HON TENG (06088) released interim results, with profits attributable to shareholders of US $85.117 million, an increase of 818.79% over the same period last year.

Zhitong Finance ·  Aug 9, 2022 21:10

Zhitong Financial App News, FIT HON TENG (06088) announced interim results for the six months ended June 30, 2022, with revenue of about $2.101 billion, an increase of 6.02% year-on-year, and profit attributable to company owners of $85.117 million, an increase of 818.79% year-on-year and a basic profit of 1.23 cents per share.

The announcement said that compared with the first half of 2021, gross profit margin and gross profit margin increased compared with the same period last year, which is due to the group's efforts to reduce costs, as well as the positive measures taken by the leadership in charge of operations and the efforts of all staff to provide support to prevent ╱ from curbing the outbreak of COVID-19 in the factory and to avoid ╱ to minimize related production disruptions during the plant shutdown. Minimize the impact of COVID-19 or related government measures on operations, production, operating efficiency and productivity, and strictly control all kinds of costs.

Among the five major end markets, revenue generated by the smartphone terminal market increased by 26.6%, the revenue generated by the network facilities terminal market decreased by 19.1%, and the revenue generated by the computer and consumer electronics terminal market decreased by 2.3%, the announcement said. The revenue generated by the electric vehicle terminal market increased by 12.3%, and the revenue generated by the system terminal market increased by 16.5%.

Revenue from the smartphone terminal market increased by 26.6%, mainly due to increased demand for high-end smart phones and increased shipments of the company's Lightning cables and plugs.

The revenue generated by the network facilities terminal market decreased by 19.1%, mainly due to the increase in the business of the company's new-generation CPU slots and network interface products, but the company's optical module shipments decreased due to the shortage of chips in the brand company.

Revenue from the computer and consumer electronics terminal market fell 2.3%, mainly due to the slowing down of the global COVID-19 epidemic, reduced demand for home-based work and classes, and reduced revenue from laptops and tablet-related products.

Revenue generated by the electric vehicle terminal market increased by 12.3%, mainly due to increased demand for electric vehicles.

The market revenue of system terminal products increased by 16.5%. Although the company completed the sale of the Linksys shares on September 25, 2021, and Linksys' results were no longer integrated into the Group from the date of the sale, resulting in a decrease in revenue, the company's wired and true wireless Bluetooth headset shipments increased thanks to increased demand for high-end smartphones.

The company's R & D spending increased 3.8% from $131 million in the six months ended June 30, 2021 to $136 million in the same period in 2022, mainly due to research and development of 5G AIoT and wireless chargers.

To sum up, the company's product sales continued to grow, product gross margin increased. As a result, the company's operating profit increased by 650 per cent from $16 million in the six months ended June 30, 2021 to $120 million in the same period in 2022. Due to increased demand from brand customers and changes in product mix, the company's operating profit margin increased from 0.8% in the six months ended June 30, 2021 to 5.7% in the same period in 2022.

The translation is provided by third-party software.


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