Power Semiconductor (6770-TW) today (25) held the law and announced last year’s financial report. In the fourth quarter of last year, the gross profit margin increased by 4.5 percentage points to 48%. The net profit following tax was 6.2 billion yuan, a quarterly increase of 40% and an annual increase of 4.72 times. The net profit per share was 1.81 yuan; the annual gross profit rate also broke through the 40% mark, the following-tax net profit was 16.092 billion yuan, an annual increase of 3.22 times, and the net profit per share was 4.92 yuan. The fourth quarter and full year profit and EPS continued to record highs.
In the fourth quarter of last year, PSMC’s revenue was 19.758 billion yuan, a quarterly increase of 14.26%, an annual increase of 66%, a gross profit margin of 48%, a quarterly increase of 4.5 percentage points, an annual increase of 22.3 percentage points, a profit rate of 38%, a quarterly increase of 6.3 percentage points percentage point, an annual increase of 23.7 percentage points; following-tax net profit of 6.2 billion yuan, a quarterly increase of 40%, an annual increase of 4.72 times, net profit per share of 1.81 yuan.
Power Semiconductor’s revenue last year was 65.623 billion yuan, an annual increase of 43.64%, a gross profit margin of 42%, an annual increase of 18 percentage points, a profit rate of 31%, an annual increase of 18.4 percentage points; following-tax net profit of 16.092 billion yuan, an annual increase of 3.22 times, Net earnings per share were 4.92 yuan.
Last year, PSMC benefited from the strong demand for wafer foundries such as memory, logic and MOSFET, and the operating price and volume increased. The gross profit margin in the second quarter was 39.5%. The quarterly gross profit margin climbed to 43.5%, and then surged to 48% in the fourth quarter, and the whole year also successfully exceeded the 40% mark.
From the perspective of products, in the fourth quarter of last year, PSMC’s DRAM FDY revenue accounted for 29%, HV (high voltage logic driver chip) revenue accounted for 26%, discrete components 11%, niche DRAM 10%, power supply 8% for management chips, 7% for CIS, 6% for embedded logic products, and 3% for NAND Flash.
