On September 7, 2022, Xinbang Electronics (3023) was invited to participate in the 23rd Credit Suisse Asian Technology Conference to share the company's first half-year operating status. Q2 revenue of NT$7.47bn increased by 17.0% YoY, up 7.4% from the previous quarter; gross profit of NT$1.91bn increased by 16.2% YoY, up 6.9% from Q1; and gross profit margin of 25.6% remained at the same level as last year.

Automotive Leads Five Industries with Strong Revenue PositionsThe

Despite the instability brought by the epidemic in the first half of 2022, the company's overall year-on-year operating growth of 17% was outstanding, with the automotive sector achieving the most outstanding revenue growth of 32% due to the strong impetus from the electric vehicle market in 2022, followed by industrial applications of 22%.

Green Energy Sector Shines

In 2021, due to the shortage of chips and raw materials, ESG's overall revenue share dropped slightly by 1% compared to 2020, but the first half of this year has been favorable, with EV revenue reaching 95% for the full year of 2021, and Green Energy Group revenue reaching 56% for the full year of 2021, and growth is expected to continue in the second half of the year.