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Compal Electronics Reports Strong October Revenue Despite Annual Dip

Taiwan
c 2324.TW Mid and Small Cap 2000
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Compal Electronics, a prominent OEM manufacturer, announced a robust October revenue of 87.494 billion yuan, marking a notable 2.8% MoM increase and a 7.7% YoY decrease. This surge establishes a new monthly record for the company in 2023. Over the first ten months of the year, Compal’s cumulative performance reached 792.537 billion yuan, reflecting a 13.8% YoY decrease. The company’s operational outlook anticipates a marginal upswing in non-PC product sales in Q4, while projecting a single-digit decline in PC product sales.

In October, Compal’s PC shipments totaled 2.9 million units, representing a 6.45% MoM decrease, and remaining on par with the previous year’s figures. This performance was bolstered by the rise in average selling prices of PC products and the sustained momentum in non-PC product sales.

Compal maintains its strategic focus on optimizing its product portfolio and accelerating contributions from new business ventures. The company emphasizes a performance split of approximately 45:55 between the first and second halves of the year. Prioritizing profitability, non-PC products are targeted for double-digit revenue growth each quarter. While the full-year notebook computer shipments are projected to decline by 10% YoY, they are demonstrating a steady recovery.

Please note that this summary is based on the provided text and my knowledge as of September 2021. If there have been any significant developments in Compal’s operations or the market since that time, they may not be reflected here.

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