Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Thursday, November 24 2022 - 02:55
AsiaNet
DFI's Third Quarter Profits Reach a Record High
TAIPEI, Nov. 23, 2022 /PRNewswire-AsiaNet/ --

DFI, the world's leading brand in embedded motherboards and industrial 
computers, hosted an online investor conference in November, announcing that 
consolidated revenue for the third quarter of 2022 was NT$4.093 billion. Net 
profit after tax attributable to the parent company was NT$194 million, and 
earnings per share (EPS) were NT$1.69. DFI's third quarter figures increased 
due to inventory reduction and precise market demands.

As the production capacity of new plants increases and improvements to 
logistics and transportation improve material shortages, DFI's overall order 
delivery rate is improving. These results are reflected in revenue, profits, 
and EPS performance. DFI's third-quarter consolidated revenue was NT$4.093 
billion, up 6% QoQ and 9% YoY. The gross operating profit was NT$893 million, 
the gross margin was 21.82%, and the operating profit rate was 5.42%, which 
increased compared to the previous quarter and the same period last year.

In terms of the financial performance of the first three quarters, DFI's 
revenue and gross operating profit experienced double-digit growth. Total 
consolidated revenue was NT$11.843 billion, an annual increase of 31%, and 
gross operating profit was NT$2.389 billion, a yearly increase of 27.89%. Net 
profit after tax and profit attributable to the parent company were NT$461 
million and NT$393 million, respectively. The cumulative EPS of the first three 
quarters was NT$3.43, showing growth compared to the same period of the 
previous year.

Vice Chairman of DFI, Michael Lee, stated that although the company will face 
inventory adjustments, overall economic uncertainty, and other market changes 
in the first half of next year, the needs for new infrastructure in various 
markets are clear. Therefore, besides carefully responding to external risks in 
advance, DFI will conduct localized deployments worldwide to meet customer 
needs.

Alexander Su, President of DFI, stated B/B ratio of DFI's embedded system 
business in the third quarter was 1.3. Overall, order delivery has been 
affected by global inflation and economic downturns. However, the external 
environment has limited impact on the B/B ratio. DFI has implemented inventory 
controls in the face of pressure for general inventory adjustments in the 
industry. Inventory levels are expected to be adjusted quarterly until 
returning to normal.

With the trend of digital transformations among corporations, DFI will utilize 
three major operating strategies of "new smart factories," "AIoT product 
lines," and "flexible and stable supply chain deployments" to create the 
greatest value for customers.

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Contact: dfimarcom@dfi.com

Source: DFI Inc.
Translations

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