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Aaron Lee, Taipei; Willis Ke, DIGITIMES

Tuesday 7 December 2021

Accton Technology
Performance

The company's stock price closed at NT$213 on the TSE on Wednesday, May 25, 2022.

The company has reported consolidated revenues of NT$5,626 million for April 2022, representing a 16.7% drop on month and 21.7% increase on year.

For the fourth quarter of 2021, the company totaled NT$17,143 million in consolidated revenues, up 12.8% sequentially and up 9.1% on year.

Brief

Full name: Accton Technology
Chinese name: 智邦科技股份有限公司
Short name: Accton
Stock code: 2345
Tax ID: 22099287
Market: TSE
Established: 9 Feb 1988
Paid in capital: NT$5.53 billion
Listed on TSE: 15 Nov 1995
Website: www.accton.com.tw
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Latest stock

Accton [2345] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
26-May	4,060	3,731	852,149,034	214.00	218.00	206.00	206.00	-7.00	-3.29%	206.00	206.50
25-May	2,340	1,915	495,901,454	211.00	215.00	208.00	213.00	+2.00	+0.95%	213.00	214.00
23-May	2,352	2,163	507,964,686	221.50	221.50	213.00	213.50	-5.00	-2.29%	213.00	214.00
20-May	2,354	4,904	520,783,202	226.00	226.50	218.50	218.50	-6.50	-2.89%	218.00	218.50
19-May	2,863	4,537	652,100,953	225.00	234.50	223.00	225.00	-5.00	-2.17%	225.00	225.50
18-May	2,181	2,780	500,446,515	226.50	231.50	226.50	230.00	+4.50	+2.00%	230.00	230.50

Latest sales

Accton: Consolidated revenues, Apr 2021 - Apr 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
Apr-22	5,626	(16.7%)	21.7%	21,356	19.8%
Mar-22	6,750	81.4%	30%	15,730	19.2%
Feb-22	3,721	(29.3%)	2.4%	8,980	12.1%
Jan-22	5,259	(21.7%)	20.2%	5,259	20.2%
Dec-21	6,719	25.5%	6%	59,599	9.4%
Nov-21	5,355	5.6%	7.3%	52,880	9.9%
Oct-21	5,070	(1.7%)	15.8%	47,525	10.2%
Sep-21	5,154	(6.7%)	(4.4%)	42,455	9.6%
Aug-21	5,522	22%	13.1%	37,301	11.8%
Jul-21	4,527	0.2%	9.8%	31,779	11.6%
Jun-21	4,517	(8%)	(5.7%)	27,251	11.9%
May-21	4,911	6.2%	30.5%	22,734	16.2%
Apr-21	4,625	(10.9%)	13.6%	17,823	12.8%

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

Accton: Consolidated revenues, 4Q20 - 4Q21 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
4Q-21	17,143	12.8%	9.1%	59,599	9.4%
3Q-21	15,204	8.2%	5.6%	42,455	9.6%
2Q-21	14,053	6.5%	11.3%	27,251	11.9%
1Q-21	13,198	(16%)	12.6%	13,198	12.6%
4Q-20	15,714	9.1%	12%	54,463	(1.7%)

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

Latest balance sheet and income statement

Accton: Consolidated balance sheet, 4Q20 - 4Q21 (NT$k)
Item	4Q-2021	3Q-2021	2Q-2021	1Q-2021	4Q-2020
Current assets	31,782,233	29,207,028	32,223,215	31,071,467	28,440,301
Intangible assets	109,281	89,473	87,395	93,264	76,372
Non-current assets	3,239,136	3,065,057	2,950,121	2,724,488	2,682,668
Assets	35,021,369	32,272,085	35,173,336	33,795,955	31,122,969
Current liabilities	17,643,456	16,354,975	20,289,078	16,419,184	14,831,457
Non-current liabilities	1,824,962	1,945,251	1,988,096	1,785,349	1,808,439
Liabilities	19,468,418	18,300,226	22,277,174	18,204,533	16,639,896
Stockholders' equity	15,552,951	13,971,859	12,896,162	15,591,422	14,483,073

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

Accton: Consolidated income statement, 4Q20 - 4Q21 (NT$k)
Item	4Q-2021		3Q-2021		2Q-2021		1Q-2021		4Q-2020
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Gross sales	17,143,267		15,204,052		14,052,983		13,198,379		15,713,778
Operating revenue	17,143,267	100%	15,204,052	100%	14,052,983	100%	13,198,379	100%	15,713,778	100%
Gross profit (loss) from operations	3,507,516	20.5%	2,849,521	18.7%	2,454,500	17.5%	2,533,059	19.2%	3,268,189	20.8%
Operating expenses	1,735,696	10.1%	1,496,686	9.8%	1,340,048	9.5%	1,331,440	10.1%	1,400,019	8.9%
Operating income (loss)	1,771,820	10.3%	1,352,835	8.9%	1,114,452	7.9%	1,201,619	9.1%	1,868,170	11.9%
Non-operating expenses and losses	66,982	0.4%	27,830	0.2%	24,559	0.2%	171,054	1.3%	-192,933	-1.2%
Income from continuing operations before income tax	1,838,802	10.7%	1,380,665	9.1%	1,139,011	8.1%	1,372,673	10.4%	1,675,237	10.7%
Net income (loss)	1,526,504	8.9%	1,095,633	7.2%	959,986	6.8%	1,122,935	8.5%	1,360,945	8.7%
Diluted earnings per share (NT$)	2.7		2		1.7		2		2.4