Clevo, the parent conglomerate of Chicony Electronics and Chicony Power Technology, disclosed its financial achievements for the last quarter and the cumulative fiscal year of 2023, showcasing a promising trajectory. The fourth quarter witnessed earnings per share (EPS) at 0.4 yuan, reflecting a marginal quarterly dip but a significant annual surge of 66.66%. The annual EPS stood impressively at 1.81 yuan, up by 28.36%, with a commendable dividend payout of 1.6 yuan per share, translating to an 88.39% dividend rate.
The year 2023 saw a global dip in laptop shipments by 10.8%, totaling 166 million units. Despite the industry’s downturn, Clevo capitalized on urgent seasonal demands, achieving a record annual revenue of 21.3 billion yuan, up by 13% and marking the highest in the group’s history. This revenue boost was supported by a 4% increase in unit shipments year-on-year, emphasizing the group’s strong market presence in Asia-Pacific, Japan, and South Korea, where it witnessed double-digit growth rates.
Looking ahead, Clevo is poised for an optimistic 2024, anticipating a global market rebound and a 6.3% increase in laptop shipments. Early trends show a 4% shipment increase in the initial months, with expectations of sustained growth driven by new product launches featuring Intel’s latest processors and a focus on AI-powered PCs, potentially revolutionizing the tech landscape in the latter half of the year.
Furthermore, the company is expanding its footprint in Southeast Asia and India, aligning with global market recovery trends and PC inventory stabilizations. Clevo’s retail arm in China, Lantian, is set to enhance consumer engagement and sales promotions, leveraging localized policy supports and innovative marketing strategies to boost rental income and overall performance.
This strategic foresight, coupled with a solid financial foundation, positions Clevo Computer favorably in a rapidly evolving tech industry, ready to harness emerging opportunities and drive substantial growth in the upcoming fiscal periods.
