DFI’s Revenue in the First Half of the Year Sets a New Record for the Same Period Continue to Optimize Operating Indicators
DFI (2397), the world’s leading brand in embedded motherboards and industrial computers, held an online investor conference on August 15 to announce our consolidated financial statements for the second quarter and first half of 2022. The consolidated revenue in the first half of the year reached NT$7.723 billion. The annual increase of 46.29% set a new high for the same period. Earnings per share (EPS) reached NT$1.74. DFI stated that in the future, the company will continue to optimize various internal operating indicators and prepare for overall economic risks in the second half of the year in advance.
The President of DFI, Alexander Su, expressed that as material shortages begin to improve, we are adjusting the price of raw materials with our customers. Together with the continued increase in production capacity of the new plant, DFI’s consolidated revenue in the first half of the year reached NT$7.723 billion, representing an increase of 46.29% compared to the same period in the previous year. DFI’s operating gross profit was NT$1.482 billion and gross profit margin was 19.19%, which showed improvement for 3 consecutive quarters. The net income attributable to the parent company was NT$199 million. Earnings per share (EPS) reached NT$1.74, showing an annual increase of 55.36%. In the second half of the year, material shortages are expected to ease and raw material prices will stabilize. It is expected to improve quarter by quarter.
In terms of single-quarter operations, the second quarter book-to-bill ratio (B/B ratio) of DFI’s embedded system business was 1.43. Order deliveries are being adjusted to meet customer requirements while at same time DFI is implementing new inventory controls due to the global pressures for inventory adjustment. The company will respond to both graphic and machine tool needs; the inventory levels are expected to adjust quarterly and return to the levels in 2019.
The Vice Chairman of DFI, Michael Lee, stated that although the company will face inventory adjustments, inflation, economic slowdown, overall economic uncertainty and other market changes in the second half of the year, the needs for new infrastructure in various markets are clear. These needs will produce growth in automation, 5G, AIoT, and other smart applications through the strong demands. Therefore, aside from carefully responding to external risks in advance, DFI will optimize internal inventory controls. Overall performance is being optimized quarter by quarter according to the various operating indicators, and we are cautiously optimistic about the second half of the year.
Considering the demand for and diversity of smart applications on the market and deployment developments, apart from the focusing on factory automation, in-vehicle applications, and smart healthcare in the future, DFI will extend its market presence to applications such as green energy, information security, and Fintech, helping the company to accelerate the deployment of its transformations and improve its production capacity, thereby satisfying customer needs for different applications.