Acer says the company's 1th-quarter main business is turning into a surplus

Absrtact: Last night, Acer reported that its main business in the 1th quarter was a loss of profit. The main reason is that inventory and expense management properly, gross margin also began to stop falling. Data show Acer's first-quarter net profit of NT $1 million, which was significantly higher than the same period last year

Last night, Acer reported that its main business in the 1th quarter was a loss of profit. The main reason is that inventory and expense management properly, gross margin also began to stop falling. According to the data, Acer's first-quarter net profit of NT $1 million was down 96.6% from a year earlier. Along with the earnings release, Acer also disclosed management adjustment and transition strategies.

Specific data: The combined revenue of 76.724 billion NT, the chain reduction of 11.4%, year-on-year reduction of 16.6%. Single-quarter operating net profit of NT $127 million, net profit of NT $1 million after tax.

In addition, Acer has been slimming down on total equity. Its programme is to write off the 55.6 million Treasury stocks that have been bought back and to reduce their capital by 1.96%, after which the Acer shares will be 27.8 billion yuan, with a net worth of 21.2 yuan per share.

Analysts believe that Acer will be able to successfully transform the future, there are two key, on the one hand, to maintain the original PC and smartphone and other related products sales, this is the basis for Acer to engage in cloud development, and the second is whether Acer can be transformed into software and hardware cloud services vendors.

In a new round of restructuring, Acer's management team has been largely established, with incumbent Chairman Shih, the next chairman, SIU, and incumbent CEO Chen Saint to become the core force for future Acer's change.