Delta Electronics earns 9.04 yuan per share in Q3, Mingfa says it will focus on US 337 investigation

As the demand for AI servers and data centers continues to grow, Delta is actively deploying high-voltage DC power supply, liquid cooling, and AI data center infrastructure.

Delta Electronics (2308) will hold a corporate briefing tomorrow and is the first to announce its third-quarter financial report today. Although its revenue scale continues to expand, it is affected by the decline in gross profit margin. The net profit attributable to owners of the parent company in the single quarter was 23.495 billion yuan, a quarterly decrease of 6.54% and an annual increase of 26.28%. The earnings per share was 9.04 yuan, which was lower than the 9.68 yuan in the second quarter and better than the 7.16 yuan in the same period last year.

Delta Electronics' gross profit margin in the third quarter was 34.08%, a quarterly decrease of 1.52 percentage points and an annual decrease of 0.79 percentage points; operating profit was 32.62 billion yuan, a quarterly increase of approximately 6.5% and an annual increase of 31.49%. The operating profit rate was 16.55%, a quarterly decrease of 0.15%. percentage points, an annual increase of 0.05 percentage points; the net profit attributable to owners of the parent company was 23.495 billion yuan, a quarterly decrease of 6.54%, an annual increase of 26.28%, and the net profit rate was 11.92%, a quarterly decrease of 1.78 percentage points, and an annual decrease of 0.46 percentage points.

In the first three quarters of this year, Delta's revenue was 539.668 billion yuan, an annual increase of 37.22%, gross profit margin was 35.47%, operating profit was 91.607 billion yuan, operating profit margin was 16.97%, net profit attributable to owners of the parent company was 69.186 billion yuan, and earnings per share were 26.64 yuan, which was better than 16.47 yuan in the same period last year.

As the demand for AI servers and data centers continues to grow, Delta Electronics is actively deploying high-voltage direct current power supply (HVDC), liquid cooling, and AI data center infrastructure. The subsequent growth momentum of related businesses and changes in product portfolio will become the focus of legal person observation.

It is worth noting that Delta's third-quarter revenue increased compared with the previous quarter, but gross profit margin and profit fell simultaneously. The legal person is expected to pay attention to the reasons for changes in gross profit margin tomorrow, as well as the shipment of AI data center-related products and future profit prospects.

In addition, the U.S. International Trade Commission (USITC) 337 investigation triggered by U.S. patent litigation, the progress of related cases, the scope of products involved, and the potential impact on subsequent operations will also be another focus of the market.