Winbond's Q3 profit increased 45% quarterly and hit a new high, earning 7.58 yuan per share

[Reporter Lin Yiru/Report from Taipei] Memory manufacturer Winbond Electronics (2344) announced its third quarter financial report today (3rd). The gross profit margin of its memory business increased by nearly 3% quarter-on-quarter to 73.9%. It made a huge profit of 35.422 billion yuan in a single quarter, a quarterly increase of 45.7%, an 11-fold annual increase, and a new high. The after-tax profit per share was 7.58 yuan. The cumulative profit per share in the first three quarters was 15.32 yuan.

Winbond's third-quarter consolidated revenue was 82.231 billion yuan, a quarterly increase of 37.6% and an annual increase of 278.2%. Gross profit margin was 70.6%, a quarterly increase of 4.4 percentage points and an annual increase of 24 percentage points. The profit rate was 53.2%, a quarterly increase of 4.8 percentage points, and an annual increase of 36 percentage points; the after-tax earnings were 35.422 billion yuan, a quarterly increase of 45.7%, an annual increase of 1103%, and the after-tax earnings per share were 7.58 yuan.

The gross profit margin of Winbond's memory business in the third quarter also increased from 70.3% in the previous quarter to 73.9%. Among them, CMS revenue increased by 50% quarterly, bit shipments decreased by 7% to 9% quarterly, and average selling price (ASP) increased by 60% quarterly; Flash revenue increased by 34% quarterly, bit shipments remained flat, and prices increased by 31% to 33% quarterly.

Winbond's consolidated revenue in the first three quarters was 180.427 billion yuan, an annual increase of 187.39%; after-tax earnings were 69.853 billion yuan, an annual increase of 16 times, and after-tax earnings per share were 15.32 yuan.