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Chang Wah Electromaterials Inc. (Chang Wah*, 8070.tw) held a board meeting on August 5 and approved the reviewed financial report for the six months ended June 30, 2022. In the second quarter, consolidated revenue amounted to NT$5,820 million, with a gross margin of 23% and net profit attributable to owners of the Corporation of NT$539 million. Earnings per share equaled NT$0.79, representing a profit of 0.79 times the share capital. On the whole, Chang Wah’s operating performance of the second quarter was at an all-time high for a single quarter.

On a quarter-over-quarter basis, Chang Wah’s consolidated revenue of the second quarter increased by 3%, setting a new record for a single quarter. Gross margin remained flat and was the second highest ever for a single quarter. Profit before income tax was NT$1,189 million, up 3% from the previous quarter and set a new record for a single quarter. Net profit attributable to owners of the Corporation decreased by 9% and was the third highest in the history. On a year-over-year basis, consolidated revenue increased by 19% and gross margin went up 5%. Profit before income tax and net profit attributable to owners of the Corporation soared by 101% and 59%, respectively.

As for the first half of 2022, consolidated revenue amounted to NT$11,475 million, a year-over-year increase of 21%. Gross margin was 23%, up 7% from last year. Profit before income tax surged 128% to NT$2,343 million, while net profit attributable to owners of the Corporation equaled NT$1,131 million, up 97% compared to 2021. Earnings per share of NT$1.64 was equivalent to a profit of 1.64 times the share capital.