Etron Reports the Consolidated Financial Results of Year 2021

Etron (TPEx: 5351.TW) Board of Directors today approved the consolidated financial results of the year 2021.Etron’s consolidated revenue for the 4th quarter has a total of NT$ 2,028 million, with a 13% increment from NT $1,793 million of the previous quarter, and a 118% increment from NT $932 million comparing to the same period last year. The net income after tax for the second quarter was NT$430 million, and the earning per share was NT$ 1.60.Etron’s consolidated revenue of the year 2021 was NT$6,146 million, up 73% from NT$3,551 million of the year 2020. The consolidated net profit after tax for the whole year was NT$1,051 million. The net profit per share after tax was NT$3.91.Looking at the annual revenue was up by over 73% YoY in 2021, and Bit shipment is increased by double-teens % YoY in 2021. Etron remains cautiously optimistic about the operating outlook for this year (’22), since the component supply mismatch is easing and a balanced demand-supply in 1H’22 is expected, as well as, we are cautious on a possible inventory adjustment among entire supply chain in 2H’22. Thus, Etron remains positive in the overall specialty DRAM supply and demand.Etron’s DDRx (DDR1/2/3) memory IC’s grow significantly in communication and automotive applications. In addition, Etron continues to strengthen its innovative DRAM development, such as: KOOLDRAMTM – It can significantly extend the retention time of DRAM under the JEDEC standard, and RPC® DRAM – it supports high bandwidth and reduces form-factor. This facilitates the future sales of Etron’s DRAM products.