All data are based on the daily closing price as of July 19, 2024

ADATA Triumphs with Record Gross Profit and Surging Annual Earnings

Robust performance in 2023 sets ADATA on a bullish trajectory, fueled by strategic market maneuvers and high-margin product expansions
Taiwan
a 3260.TWO Mid and Small Cap 2000 Semicon 75 Tech 350
Share this on

ADATA’s Board of Directors has officially ratified its stellar financial performance for 2023, revealing a year of significant profitability and operational success. The memory module manufacturer reported an unprecedented tripling of its annual profit margin, with a record-setting average gross profit margin of 16.8%. The operating profit impressively surged to 1.775 billion yuan, marking a 150% increase from the previous year, while the net profit attributable to the parent company escalated by 70% to reach 1.409 billion yuan, culminating in an earnings per share (EPS) of 5.21 yuan.

Chairman Chen Libai’s strategic foresight into the memory market’s dynamics is a key factor behind ADATA’s optimistic outlook. The firm anticipates a continued rise in gross margins and overall performance, particularly with the second half of the year expected to showcase profitable expansions into high-margin sectors like electric tricycles, industrial controls, and e-sports XPG products.

The industry’s pulse on DRAM and NAND Flash markets predicts a favorable uptick in prices, especially given the anticipated supply constraints and robust demand recovery. ADATA’s strategic inventory acquisitions have positioned it well to capitalize on these trends, evidenced by a substantial 28.12% quarterly revenue increase in Q4 2023 to 11.023 billion yuan.

The year 2023 has been transformative for ADATA, with its full-year consolidated revenue reaching 33.685 billion yuan. The operating profit rate and net profit rate saw significant yearly increments, laying a robust foundation for sustained growth and profitability. As ADATA navigates the evolving tech landscape, its adept adaptation to market shifts and strategic product diversification herald a promising trajectory for 2024, aligning with the industry’s bullish outlook on memory and storage solutions.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top