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2022-08-01Back

Alpha Networks announces a 64.28%YOY growth in H1 revenue, record high for past 5 years

Major network communication manufacturer Alpha Networks (TWSE:3380) announced that the company achieved a revenue of NTD 8.287 billion and CNIS (consolidated net income attributed to stockholders of the company) of NTD 243 million in Q2 today (1). The cumulative consolidated revenue in H1 is NTD 15.162 billion, with CNIS of NTD 377 million, hitting a record high in the past 5 years by a 64.28% YOY growth. The EPS is NTD 0.7.

Factors like the improvement of material shortage, the easing of COVID restrictions in China and product portfolio adjustment contributed to a continuous increase in Q2 revenue and a growth in total H1 profit. Main motivators such as AI and big data continue to drive the growth of data traffic and lead to the demand of high-speed transmission as well as more datacenter networks. Looking into H2, Alpha Networks expects to employ Vietnam facility’s capacity to create more sales revenue from digital media products while keep a stable growth of switches and wireless broadband products.

Meanwhile, Alpha Networks will release new products like 5G small cells, Wi-Fi 6 range extenders, DOCSIS 3.1 cable gateway with Wi-Fi 6, high-end switches and PC cameras as well as actively invest in the field of low orbit satellite. On top of the capacity of production bases in Taiwan and China, the Vietnam facility is ready for mass production and allows Alpha Networks to fully leverage the advantages of flexible and agile dispatching across different sites to enhance the long-term competitiveness.

The synergy generated from the complementary technologies and product lineups of Alpha Networks and its subsidiary Hitron facilitates product and customer development. In H2, Alpha Networks will further maximize this advantage for continuous growth.

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Alpha Networks Inc.

Alpha Networks Inc. was founded in 2003 and is currently one of the largest professional network equipment manufacturers in Taiwan. With years of experience in product development and design, Alpha Networks has been a major provider of network product design, R&D, and manufacturing for renowned global brand. The Company’s product lines cover Local and Metropolitan Area Networks (LAN/MAN), wireless broadband networks, digital multimedia, and enterprise mobile solutions. The headquarters of Alpha Networks Inc. is located in the Hsinchu Science Park, Taiwan, and the Company owns 3 major R&D centers worldwide, as well as subsidiaries in North America, Japan, and China. For more information on Alpha Networks Inc., please refer to the company's website (www.alphanetworks.com).

 

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Claire Chen

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E-mail: Claire_Chen@alphanetworks.com