December consolidated revenues were $5.92 billion
Primax Electronics (4195 TT/4915.TW) announced today NT$5.92 billion in consolidated revenues for the month of December. Total consolidated revenues for the period between January and December was NT$68.24 billion.
According to Primax, COVID-19 and a surge in Asian currency exchange rates in 2020 brought major environmental changes and challenges that the management team navigated with tremendous care to deliver a satisfying result for shareholders. Primax also effectively integrated its unique 3-in-1 sensor integration technology (vision, audio, touch) and industry-leading advantages to take advantage of emerging trends in the technology industry and generate growth.
According to Primax, the company expects to continue focus on improving profitability and optimizing its product portfolio this year. It therefore remains confident on continued growth in profits. Key product lines: Demand for home office and eSports-related devices continues to grow strongly and will provide the Company with a solid base of profits
- Acoustics products will continue to increase its proportion of premium products and optimize its customer base. Profits should therefore rebound significantly compared to last year.
- Autotronics (sensor camera modules used in electric vehicles and Advanced Driver Assist Systems) are expected to see significant growth as well.
- Commercial and industrial applications for IoT (fleet management and law enforcement camera modules) and smart homes (smart locks and door bells) will begin making a contribution as well and generate a new wave of growth for Primax in the future.