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Deswell Industries Inc. (DSWL) delivers precision manufacturing solutions for global electronics and industrial sectors through its plastic injection molding and electronic assembly expertise. This news hub provides investors and industry professionals with comprehensive updates on corporate developments, financial performance, and operational milestones.
Access real-time announcements including quarterly earnings reports, manufacturing facility expansions, and strategic partnership agreements. Our curated collection features official press releases detailing product innovations in automotive components, medical device parts, and communication equipment manufacturing.
Key updates cover quality certification achievements, production capacity enhancements, and supply chain optimization initiatives. Stay informed about DSWL's compliance with international manufacturing standards and technological advancements in automated assembly processes.
Bookmark this page for direct access to SEC filings, investor presentations, and market-responsive updates from China-based production facilities. Monitor how DSWL maintains competitive positioning through specialized manufacturing services for OEM partners across multiple industries.
Deswell Industries reported a 11.7% increase in net sales to $44.4 million for the first half of fiscal 2023, driven by a 20.9% rise in the electronic segment. However, the plastic segment saw a 15.9% decline in sales. The total gross margin slightly decreased to 16.0%, with a notable decline in the electronic segment's margin due to rising semiconductor costs. The company posted a net loss of $0.6 million, largely due to a $2.3 million non-operating expense. Despite financial challenges, a cash dividend of $0.10 per share was declared, reflecting the company's solid cash position of $15.6 million.
Deswell Industries (NASDAQ: DSWL) has filed its Annual Report on Form 20-F with the SEC, detailing audited financial statements for the fiscal year ended March 31, 2022. The report is available on the SEC's website.
Shareholders can request a paper copy of the report at no charge. Deswell focuses on manufacturing injection-molded plastic parts, electronic products, and more for OEMs and contract manufacturers, with operations in China.
Deswell Industries reported a strong performance for the second half of fiscal 2022, achieving net sales of $45.7 million, a 22.9% increase year-over-year. The electronic segment saw a 25.7% rise, while the plastic segment increased by 16.3%. However, gross margins declined to 16.5%, down from 20.4%, due to rising raw material costs. Net income decreased to $4.1 million from $6.7 million, with earnings per share of $0.25. A cash dividend of $0.10 per share was announced, payable on July 15, 2022. The company maintains a solid balance sheet with $13.5 million in cash and no debt.
Deswell Industries (DSWL) reported a 43.7% increase in net sales to $39.8 million for the first half of fiscal 2022, driven by a 57.6% rise in the electronics segment. Despite this growth, total gross margins declined to 16.1% from 20.2% year-over-year, primarily due to rising raw material and labor costs in both plastic and electronic segments. Operating income increased to $1.2 million, while net income surged to $4.3 million, supported by higher non-operating income. A cash dividend of $0.10 per share was declared, payable on December 22, 2021.
Deswell Industries (Nasdaq: DSWL) has filed its Annual Report on Form 20-F for the fiscal year ending March 31, 2021, with the SEC. The report includes audited financial statements and is accessible on the SEC's website. Shareholders can request a free paper copy of the report. Deswell specializes in manufacturing injection-molded plastic parts, electronic products, and metallic molds for OEMs and contract manufacturers in China. The company also addresses potential risks affecting growth, including customer dependence, competition, and rising production costs.
Deswell Industries, Inc. (Nasdaq: DSWL) announced the acquisition of state-of-the-art manufacturing equipment for its electronics and plastics divisions. The investment includes CNY2.6 million for two Panasonic SMT placement systems and CNY2.8 million for two HaiTian injection molding machines, both expected to be installed in August 2021. CEO Edward So emphasized the importance of these strategic capital investments in supporting the company's long-term growth strategy and enhancing its competitiveness as a reliable manufacturing partner.
Deswell Industries reported significant financial results for the second half of fiscal 2021, with net sales of $37.2 million, a 34.5% increase year-over-year. The electronic segment saw a remarkable 53.6% sales growth, while total gross margin rose to 20.4%. Operating income surged to $2.3 million from $0.3 million in the previous year, and net income reached $6.7 million, up from a loss of $2.6 million. The company's strong cash position of $20.2 million and no debt enhance its financial flexibility. A dividend of $0.10 per share was also declared for shareholders.
Deswell Industries reported unaudited financial results for the first half of fiscal 2021, showing a 26.6% decline in net sales to $27.7 million compared to $37.7 million in the prior year. The plastic segment experienced a 40.4% drop in sales, while the electronic segment saw a 17.8% decrease. Despite the revenue decline, gross margins improved to 20.2% from 17.4%, and net income rose to $1.5 million. The company declared a dividend of $0.09 per share, highlighting a strong financial position with no long-term borrowings.
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