Financial Highlights

Revenue from the Group’s operations for the nine months ended 30 September 2021 amounted to US$18.6 million, representing an increase of US$3.3 million or 21.6% as compared to US$15.3 million for the corresponding period in 2020. Such increase was primarily attributable to the increase in the sales volume of power discrete semiconductors.

The Group’s gross profit for the nine months ended 30 September 2021 amounted to US$4.1 million, representing an increase of US$0.3 million as compared to US$3.8 million for the corresponding period in 2020. The gross profit margin for the nine months ended 30 September 2021 was 22%, representing a decrease of 2.5 percentage points compared to 24.5% for the corresponding period in 2020. It was mainly attributable to the increase in wafer fabrication and other raw material costs. In addition, the appreciation of Renminbi against US$ over the period resulted in an increase in the Group’s PRC production costs in US dollar terms. These impacts were partly offset by the increased in average selling price along with higher utilisation rate at our factory during the period.

Profit attributable to the owners of the Company for the nine months ended 30 September 2021 was US$1.2 million (nine months ended 30 September 2020: US$0.9 million). The increase in profit was mainly attributable to the increase of gross profit as mentioned above.