Synnex (2347) FY21 PAT exceeded 10 billion mark, reaching NT$17.3 billion, increasing NT$9.1 billion over the previous year, double growth of 112% and hit record high. EPS NT$10.35 and DPS (Dividend Per Share) NT$5.0 are also historical highs, yield-rate is around 7.1%. Synnex has been vigorously promoting corporate transformation plans since 2019 are the key successful factors of last year.

Q4FY21, Synnex's revenue and GP were record highs, and OPEX ratio 1.82% was historical low, bringing its OPI to NT$2.81 billion, YoY up 40% and hit record high. PBT, PAT and EPS were NT$3.9 billion, NT$3.1 billion and NT$1.83 respectively, were all new highs for the same period.

For FY21, GP was NT$17.6 billion with YoY up 17%. OPEX ratio significantly drop 33 bps to 2.02%, reaching record low, it making OPI to NT$9.3 billion, increasing NT$2.1 billion with YoY up 29%. PBT exceeded NT$20 billion, reaching NT$23.2 billion, a substantial increase of NT$12.7 billion with doubling growth of 121%. PAT exceeded NT$10 billion, reaching NT$17.3 billion, also doubled by 112% with substantial increase of NT9.1 billion. EPS NT$10.35. Even excluding one-time income, both PBT and PAT also exceeding NT$10 billion, were NT$14.2 billion with YoY up 36% and NT$11.9 billion with YoY up 46% respectively, EPS NT$7.12, all are also new highs.

The earning performance of Synnex's joint venture companies were also outstanding : hitting record high for six consecutive quarters, driving whole year contributed profit to reach NT$3.3 billion, a substantial increase of 48%. In which, Redington and Synnex FPT Vietnam were doubled by 104% and 101% respectively.

Outlook of 2022, Synnex will accelerating the deployment of Management Service Platform (MSP), vigorously promoting tailor-made services for VIP partners, and continue to grab the market actively and expand market share significantly. Coupled with beneficial external environment such as governments' efforts to boost economic activities, and IT products become essential rigid demand in post-epidemic era…etc. Synnex is optimistically expecting its performance in 2022 will leap forward again.