Phison: June 2021 Financial Results

Phison Electronics Corp. announced the results of its operations for June 2021.

Consolidated revenue was NT$5.123 billion, an increase of 52% Y/Y setting the 4th-highest monthly record in history. The accumulated revenue from the year to June reached NT$28.798 billion, a 21% increase Y/Y, setting a new record for the same period in history.

Compared with the same period last year, the total shipments of PCIe SSD controller in June grew by more than 250%, a record single-month high; the total shipments of industrial memory modules grew by 85%. In addition, for the annual growth rate of total shipments accumulated throughout the year (January to June), the total shipments of PCIe SSD controller grew by 140%, a record high for the same period in history; the total annual growth rate of industrial memory module shipments exceeded 40%, and the annual cumulative total memory bits shipments also grew by more than 50%, both of which set new historical highs over the same period.

Affected by the severe increase in the Covid-19 epidemic in June, the company not only fully implemented the rotation of group AB to work in the office (half of employees work in the office, and the other half of the employees work at home), strengthened the implementation of relevant epidemic prevention measures, and loosened work at home (WFH) conditions. HQs only retain manpower who cannot WFH; in other words, during June, more than 75% of employees worked from home for more than 2 weeks, reducing any risk of infection. In addition, firm’s supply chain was also affected by the severe situation of the Covid-19 epidemic in June, which caused some production capacity to be affected, and it was unable to fully ship products to meet customer needs.

Looking forward to the third quarter, the upstream and downstream supply chains are also expected to gradually restore production capacity after the Covid-19 epidemic is gradually brought under control. The company will also continue to work closely with upstream and downstream supply partners and global customers in the coming quarters, hoping to continue to show operational success.