EMS provider Qisda had 32% of second-quarter 2021 consolidated revenues of NT$55.984 billion (US$2.00 billion) coming from high value-added business groups and aims to hike the revenue proportion to over 50% by the end of 2022, according to company chairman and CEO Peter Chen at the investor conference on Aug 12th.
Qisda's high value-added business groups are medical business including two hospitals in eastern China, medical devices and consumable materials, accounting for 7% of the total revenues; networking/communications and multimedia devices for 13%; smart solutions used in medical care, manufacturing, retail operation, energy management, enterprises-use business administration, and education for 12%.
ICT product lines, mainly LCD displays, projectors, LCD TVs, and digital signage, took up 60% of the total revenues, while others accounted for the remaining 8%.
Qisda expects strong demand for ICT products in the third quarter based on orders received, but is worried that a short supply of components and materials, as well as shortage of containers, may impact shipments, Chen said.
Qisda: Financial report, 2Q21 (NT$b) | |||||
Amount | Q/Q | Y/Y | 1H21 amount | Y/Y | |
Consolidated revenues | 55.984 | 9.98% | 28.19% | 106.888 | 28.98% |
Gross margin | 14.75% | up 0.01pp | up 1.17pp | 14.74% | up 1.23pp |
Operating profit | 1.907 | 11.00% | 32.89% | 3.625 | 46.64% |
Net profit | 3.805 | 80.16% | 300.95% | 5.917 | 401.02% |
Net EPS (NT$) | 1.93 | 3.01 | |||
Source: Company, compiled by Digitimes, August 2021
Qisda chairman and CEO Peter Chen
Photo: Fu Shih-min, Digitimes, August 2021
