2025.08.06
Investor Relations
Chicony Electronics (2385.TT) reports 2Q25 results on August 6th, 2025
Chicony’s 1H25 revenue was NT$47.8 Billion, up 0.5% YoY, and EPS was NT$5.15, down 11.5% YoY.
Power Revenue Grew 4% YoY, Better than Keyboard and Image Revenue Growth
Smart building solution and DT power remain the major growth drivers for power revenue in 1H25. Image revenue slightly increased 1% YoY thanks to surveillance cam and notebook camara module. Surveillance cam demand continued to be strong and delivered over 60% YoY growth. Notebook camera module revenue grew over 20% driven by spec upgrades. Keyboard revenue was down 5% YoY in 1H25. Although gaming keyboard demand remained weak, LED backlight keyboard and tablet/2-in-1 device keyboard remained stable, high ASP keyboard revenue still accounted for 19% of the company’s revenue.
1H25 Revenue was NT$47.8B and EPS was NT$5.15
Chicony’s 1H25 revenue was NT$47.8B, slightly up 0.5 YoY due to exchange rate impact. GPM was 18.5%, down 2.3 ppt YoY mainly due to sharp appreciation of NT dollars and product mix since power recorded lower GPM in 1H25. SG&A was controlled at 9.6%, so OPM reached 8.5%, down 1.7 ppt YoY. EPS in 1H25 was NT$5.15.
Chicony Aims 3Q25 Revenue and Profit to Achieve Single-Digit QoQ Growth
Although tariff issues are expected to impact 2H demand and strong NT dollar is still negative to most manufacturers, Chicony aims to achieve low single-digit QoQ revenue growth in 3Q25.
Chicony today also reported July revenue of NT$8.0 billion, down 3.7% MoM and down 4.1% YoY. Accumulated revenue was NT$55.8 billion, down 0.1% YoY.
| 2025 |
Monthly Revenue (NT$ M) |
MOM | YOY |
Accumulated Revenue (NT$ M) |
YOY |
|---|---|---|---|---|---|
| January | 7,518 | -9.6% | -2.3% | 7,518 | -2.3% |
| February | 7,291 | -3.0% | +9.8% | 14,808 | +3.3% |
| March | 8,473 | +16.2% | -0.4% | 23,281 | +1.9% |
| April | 8,025 | -5.3% | +3.4% | 31,306 | +2.3% |
| May | 8,124 | +1.2% | +5.0% | 39,429 | +0.7% |
| June | 8,346 | +2.7% | -0.2% | 47,776 | +0.5% |
| July | 8,041 | -3.7% | -4.1% | 55,817 | -0.1% |
Contact Person Ting Yang
+886-2-6626-6788#11121
