Qisda : Achieves Over 16% Gross Margin in Q2, Setting 20-Year Single-Quarter Record High with Earnings Per Share for First Half Year at NTD0.69

News Release

2023-09-04

Qisda Corporation Achieves Over 16% Gross Margin in Q2, Setting 20-Year Single-Quarter Record High with Earnings Per Share for First Half Year at NTD0.69

Today (4th), Qisda Corporation's Board approved the Q2 financial report: second-quarter (revenue), operating income, net income attributable to Qisda, and earnings per share (EPS) all show growth compared to the first quarter. Continued improvement in IT product inventory and gradual demand recovery, coupled with successful establishment of high value-added new ventures, have led to consecutive increases in gross margin and operating income for three quarters. The gross margin has reached 16.3%, surpassing 16% and achieving a twenty-year single-quarter high. EPS for the second quarter is NTD 0.52, resulting in an accumulated EPS of NTD 0.69 for the first half of the year.

Qisda will hold an online conference on the 7th to explain the operational results for the first half of the year and business outlook.

Qisda's Board has also approved the transfer of Qisda's 40% equity stake in K2 International Medical to BenQ Medical Tech, aiming to enhance organizational synergy and strengthen competitiveness for its medical business. The transfer is expected to be completed in September. BenQ Medical Tech will become the flagship for the BenQ Qisda Group's medical materials business. By integrating K2 International Medical, BenQ Medical Tech aims to expand its product portfolio and overseas distribution channels, facilitating its growth strategy and accelerating the exploration of opportunities in the Asian medical materials market.

Qisda's revenue for the second quarter reached NTD 52.1 billion, with a gross profit of NTD 8.497 billion, operating income of NTD 1.443 billion, net income of NTD1.534 billion, net income attributable to Qisda of NTD 1.024 billion, and earnings per share (EPS) of NTD 0.52.

Qisda's net sales for the first half of the year amounted to NTD 102.6 billion, with a gross profit of NTD 16.492 billion, operating income of NTD 2.793 billion, net income of NTD 2.292 billion, net income attributable to Qisda of NTD 1.348 billion, and earnings per share (EPS) of NTD 0.69.