Nov. 12, 2020
Compal Announce Compal 3Q20 Financial Results Press Release

Compal Electronics, Inc. (“Compal”) (TAIEX: 2324) today announced 3Q20 consolidated financial results. With smart device business growth from consumer electronics season demand upcoming, 3Q20 consolidated revenue was NT$269,242M, +2% QoQ and +8% YoY. Consolidated operating profit was NT$3,052M, +28% QoQ, and +26% YoY. Consolidated net profit attributed to the parent company was NT$2,188M, +10% QoQ and +22% YoY. 3Q20 EPS was NT$0.5.

Thanks to work-from-home and remote-education demand, Compal performed a solid business in NB PCs and Smart device, 1-3Q20 consolidated revenue was NT$714,942M, 0.3% YoY. Consolidated operating profit was NT$6,339M, -15% YoY. Net profit attributed to the parent company was NT$4,780M, -3% YoY. 1-3Q20 EPS was NT$1.10.

Compal Electronics, Inc.─ Statement of Comprehensive Income (Consolidated)

NT$ Million

3Q 2020

2Q 2020

QoQ

2Q 2019

YoY

Amount

%

Amount

%

%

Amount

%

%

Net Sales

269,242

100.0%

263,654

100.0%

2%

249,923

100.0%

8%

Gross Margin

8,993

3.3%

8,269

3.1%

9%

8,063

3.2%

12%

Operating Margin

3,052

1.0%

2,382

0.9%

28%

2,420

1.0%

26%

Non-Op Items

160

 

463

 

 

87

 

 

Pre-tax Income

3,212

1.0%

2,845

1.1%

13%

2,507

1.0%

28%

Net Income

2,557

0.8%

2,186

0.8%

 

2,044

0.8%

 

Net Income to Parent

2,188

0.7%

1,987

0.7%

10%

1,800

0.7%

22%

EPS (NT$)

0.50

 

0.46

 

 

0.41

 

 

 

 

 

 

 

 

 

 

 

NT$ Million

1-3Q 2020

1-3Q 2019

YoY

 

 

 

Amount

%

Amount

%

%

 

 

 

Net Sales

714,942

100.0%

712,919

100.0%

0%

 

 

 

Gross Margin

23,208

3.2%

24,392

3.4%

-5%

 

 

 

Operating Margin

6,339

0.9%

7,501

1.1%

-15%

 

 

 

Non-Op Items

807

 

-261

 

 

 

 

 

Pre-tax Income

7,146

1.0%

7,240

1.0%

-1%

 

 

 

Net Income

5,515

0.8%

5,736

0.8%

 

 

 

 

Net Income to Parent

4,780

0.7%

4,942

0.7%

-3%

 

 

 

EPS (NT$)

1.10

 

1.13

 

 

 

 

 

 

Gary Lu                                Jack Wang

Senior Vice President, Spokesman           Vice President, Deputy Spokesman

Tel: 886-2-8797-8588                     Tel: 886-2-8797-8588

Investor@compal.com                    Investor@compal.com