Delta Electronics’ April Revenue Reaches NT$27.274 Billion, an 11% MoM Decrease

Power and thermal management solutions provider Delta Electronics Inc. (2308-TW) announced on Monday (May 9) its April operating performance, reporting revenue of NT$27.274 billion, down 11% month-over-month and up 3% year-over-year due to the China lockdowns. Revenue for the first four months of the year was still NT$109.812 billion, up 11% year-over-year – a record high in the company’s history. 

In terms of business, power supplies and components accounted for 60% of revenue in April, while infrastructure accounted for 26% and automation 14%. 

Looking ahead, Delta Electronics Chairman Yancy Hai believes that the lockdowns in China have delayed material supplies and deliveries, dramatically impacting the company’s production. 

Asked whether the company can maintain double-digit growth this quarter and this year, the chairman did not respond positively, only pointing out that the current situation is difficult to predict and expressing hope that the logistics situation will improve after May. 

According to Hai, the electric vehicle business will grow by 3-4%, slightly lower than the last quarter’s 4-5% growth rate. 

Accordingly, the uncertainty of the global economic outlook and the unresolved parts and components issue will affect the growth of electric vehicle shipments. 

Hai remarked that electric vehicle shipments are mainly orders approved 2 to 3 years ago. The company is also working with Japanese automakers as the auto industry is actively moving toward electric vehicles. In addition to Tesla, Ford, GM, Mercedes-Benz, Volvo and other car manufacturers have strong orders for electric vehicles.