11/13/2025 - 09:10 AM

2025年11月13日- 上午 09:10

- Company Announces First Half Cash Dividend of $0.10 Per Share -

- 公司宣布上半年每股现金分红为 0.10 美元 -

MACAO--(BUSINESS WIRE)--Deswell Industries, Inc. (Nasdaq: DSWL) today announced its unaudited financial results for the first six months of fiscal 2026, ended September 30, 2025.

澳门 --（商业资讯）-- 德斯维尔工业（Deswell Industries, Inc.）（纳斯达克代码：DSWL）今天公布了截至2025年9月30日的 2026 财年上半年的未经审计财务业绩。

Net sales for the six months ended September 30, 2025 were $33.2 million, a decrease of 5.5% compared to net sales of $35.2 million for the six months ended September 30, 2024. Net sales decreased by 13.8% to $5.0 million in the plastic segment and by 3.9% to $28.2 million in the Company’s electronic segment.

截至2025年9月30日的六个月净销售额为 3320 万美元，较 2024 年同期的 3520 万美元下降了 5.5%。塑料部门的净销售额下降了 13.8%，降至 500 万美元，而公司的电子部门净销售额下降了 3.9%，降至 2820 万美元。

Total gross margin was 23.4% of net sales during the six months ended September 30, 2025, as compared to 19.5% for the corresponding period of last year. Gross margin in the plastic segment decreased slightly to 18.3% of net sales in the segment for the first half of fiscal 2026, compared to 19.5% of net sales in the segment for the corresponding period of last fiscal year. As a percentage of sales, gross margin in the plastic segment slightly decreased due to an increase in labor costs resulting from the raise in minimum hourly wage, offset by continued control in the consumption of raw materials in the first six months of fiscal 2026. Gross profit margin in the electronic segment increased to 24.3% compared to 19.5% of net sales in the segment for the first half of last fiscal year. This was mainly due to higher-margin offerings, justified by enhanced value-added services delivered to customers, and continuous cost control measures in raw materials and labor costs for the first six months of fiscal 2026. Operating income in the first half of fiscal 2026 was $2.5 million, compared to operating income of $1.8 million for the same period of fiscal 2025.

截至2025年9月30日的六个月总毛利率为净销售额的 23.4%，而去年同期为 19.5%。塑料部门的毛利率略微下降至该部门上半年净销售额的 18.3%，而去年同期为 19.5%。由于最低时薪的提高导致劳动力成本上升，塑料部门的毛利率作为销售的百分比略有下降，但在 2026 财年上半年原材料消耗的持续控制抵消了这一影响。电子部门的毛利率上升至 24.3%，而去年同期为 19.5%。这主要得益于更高毛利产品的推出，得益于向客户提供的增值服务的提升，以及在 2026 财年上半年对原材料和劳动力成本的持续控制措施。2026 财年上半年公司的营业收入为 250 万美元，而 2025 财年同期的营业收入为 180 万美元。

The Company reported net income of $7.5 million for the six months ended September 30, 2025, compared to net income of $6.2 million for the six months ended September 30, 2024. This was primarily due to increases in total gross margin and non-operating income for the six months ended September 30, 2025, as compared to the same period of fiscal 2025. Deswell reported basic and diluted income per share of $0.47 for the first half of fiscal 2026 (based on 15,935,000 and 15,935,000 weighted average shares outstanding, respectively), as compared to basic and diluted income per share of $0.39 for the first half of fiscal 2025 (based on 15,935,000 and 15,935,000 weighted average shares outstanding, respectively).

截至2025年9月30日，公司报告的净收入为 750 万美元，而 2024 年同期的净收入为 620 万美元。这主要是由于截至2025年9月30日的六个月总毛利率和非营业收入的增加。德斯维尔报告的 2026 财年上半年每股基本和稀释收益为 0.47 美元（基于 15935000 股和 15935000 股加权平均流通股），而 2025 财年上半年每股基本和稀释收益为 0.39 美元（基于 15935000 股和 15935000 股加权平均流通股）。

The Company's financial position remained strong, with $23.4 million in cash and cash equivalents and working capital totaling $85.1 million as of September 30, 2025. Furthermore, the Company has no long-term or short-term borrowings as of September 30, 2025.

截至2025年9月30日，公司财务状况依然强劲，现金及现金等价物为 2340 万美元，流动资产总额为 8510 万美元。此外，截至2025年9月30日，公司没有长期或短期借款。

Mr. Edward So, Chief Executive Officer, commented, “To date in fiscal year 2026, our performance reflects our resilience amid a challenging global economic landscape. While overall sales declined, driven primarily by softened worldwide demand, gross margins expanded as a result of higher-margin offerings with enhanced value-added services delivered to customers. New product introductions continue to outperform legacy lines, demonstrating the strength of our innovation pipeline. As we navigate a challenging economic landscape, our strategic priorities – accelerating speed-to-market, rigorous internal cost controls, close supplier partnerships, and targeted reinvestments – position us to stabilize performance and preserve competitiveness through the current cycle.”

首席执行官 Edward So 先生评论道：“截至 2026 财年，我们的业绩反映了我们在全球经济环境挑战中的韧性。尽管整体销售下降，主要是由于全球需求减弱，但毛利率因推出更高毛利的产品和向客户提供增值服务而扩大。新产品的推出继续超越传统产品线，展示了我们创新管道的实力。在应对经济挑战的过程中，我们的战略优先事项——加快市场速度、严格的内部成本控制、与供应商的紧密合作以及有针对性的再投资——使我们能够在当前周期中稳定业绩并保持竞争力。”

First Half Dividend

上半年分红

The Company also announced that its board of directors today declared a cash dividend of $0.10 per share for the first six months of fiscal 2026. The dividend will be payable on December 23, 2025 to shareholders of record as of December 2, 2025.

公司还宣布，其董事会今天宣布 2026 财年上半年每股现金分红为 0.10 美元。该分红将于2025年12月23日支付给截至2025年12月2日的股东。

About Deswell

关于德斯维尔

Deswell manufactures injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers (“OEMs”) and contract manufacturers at its factories in the People’s Republic of China. The Company produces a wide variety of plastic parts and components used in the manufacture of consumer and industrial products; printed circuit board assemblies using surface mount (“SMT”) and finished products such as telephones, telephone answering machines, sophisticated studio-quality audio equipment and computer peripherals.

德斯维尔在中国人民共和国内的工厂为原始设备制造商（“OEMs”）和合同制造商生产注塑塑料零件和组件、电子产品及子组件，以及金属模具和配件。公司生产各种塑料零件和组件，用于消费品和工业产品的制造；使用表面贴装（“SMT”）的印刷电路板组件，以及电话、电话答录机、先进的专业音频设备和计算机外设等成品。

To learn more about Deswell Industries, Inc., please visit the Company’s website at www.deswell.com.

欲了解更多关于德斯维尔工业的信息，请访问公司网站 www.deswell.com。

Forward-Looking Statements

前瞻性声明

Statements in this press release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. For example, our statements regarding our expected growth in sales from the electronic division in the coming year and our efforts to reduce overhead costs in our plastic division are forward-looking statements. Actual results could differ materially because of the following factors, among others, which may cause revenues and income to fall short of anticipated levels or our overhead expenses to increase: our dependence on a few major customers; vigorous competition forcing product price reductions or discounts; the timing and amount of significant orders from our relatively few significant customers; continuing increases in resin prices that cannot be passed on to customers; unexpected production delays; obsolete inventory or product returns; losses resulting from fraudulent activity of our customers or employees; labor shortages that increase labor and costs; changes in the mix of product products we manufacture and sell; adverse currency fluctuations in the Renminbi and Hong Kong dollar when translated to US dollars; potential new accounting pronouncements; and the effects of travel restrictions and quarantines associated with major health problems, such as the Severe Acute Respiratory Syndrome, on general economic activity.

本新闻稿中的声明属于 “前瞻性声明”，基于当前的预期和假设，可能面临风险和不确定性。例如，我们关于电子部门在未来一年销售预期增长的声明，以及我们在塑料部门减少间接费用的努力，均属于前瞻性声明。实际结果可能因以下因素而大幅不同，这些因素可能导致收入和利润未达到预期水平或我们的间接费用增加：我们对少数主要客户的依赖；激烈的竞争迫使产品降价或打折；来自相对少数重要客户的重大订单的时间和数量；树脂价格的持续上涨无法转嫁给客户；意外的生产延误；过时的库存或产品退货；因客户或员工的欺诈行为造成的损失；劳动力短缺导致的劳动力和成本增加；我们制造和销售的产品组合的变化；人民币和港元在转换为美元时的不利汇率波动；潜在的新会计公告；以及与重大健康问题（如严重急性呼吸综合症）相关的旅行限制和隔离对整体经济活动的影响。

For further information regarding risks and uncertainties associated with the Company’s business, please refer to the “Risk Factors” section of Company’s Annual Report on Form 20-F, copies of which may be obtained from the Website maintained by the Securities and Exchange Commission at http://www.sec.gov.

有关与公司业务相关的风险和不确定性的更多信息，请参阅公司在 20-F 表格中的 “风险因素” 部分，副本可从美国证券交易委员会维护的网站 http://www.sec.gov 获取。

All information in this release is made as of the date of this press release. Deswell undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Deswell’s expectations.

本公告中的所有信息均以本新闻稿的日期为准。德斯维尔不承担更新任何前瞻性声明以使其符合实际结果或德斯维尔预期变化的义务。


DESWELL INDUSTRIES, INC. CONSOLIDATED BALANCE SHEET (U.S. dollars in thousands)

			September 30,		March 31,
			2025		2025
ASSETS		(Unaudited)		(Audited)

Current assets :
	Cash and cash equivalents		$	23,382		$	28,133
	Fixed deposits maturing over three months			21,216			19,431
	Time deposits maturing over twelve months - current portion			-			2,761
	Marketable securities (note 3)			26,890			25,175
	Held-to-maturity Investment			8,180			-
	Accounts receivable, net			13,901			9,914
	Inventories (note 2)			10,130			9,462
	Prepaid expenses and other current assets			1,221			1,612
	Total current assets			104,920			96,488
Property, plant and equipment - net			22,954			23,385
Deferred income tax assets			337			335
Time deposits maturing over twelve months			-			-
	Total assets		$	128,211		$	120,208

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities
	Accounts payable		$	7,263		$	5,740
	Accrued payroll and employee benefits			8,414			7,779
	Customer deposits			1,855			2,058
	Other accrued liabilities			1,132			1,014
	Income taxes payable			1,192			1,126
	Total current liabilities			19,856			17,717
	Deferred income tax liabilities			310			371
	Total liabilities			20,166			18,088


Shareholders' equity
	Common shares nil par value; authorized 30,000,000 shares; 17,081,810 shares issued;
	15,935,239 shares outstanding as of March 31, 2025 and September 30, 2025			53,202			53,202
	Treasury stock at cost; 1,146,571 shares as of March 31, 2025 and September 30, 2025			(2,821	)		(2,821	)
	Additional paid-in capital			7,973			7,973
	Accumulated other comprehensive income			5,316			5,316
	Retained earnings			44,375			38,450
	Total shareholders' equity			108,045			102,120
	Total liabilities and shareholders' equity		$	128,211		$	120,208


德斯维尔工业公司
合并资产负债表
（以千美元计）

			2025年9月30日		2025年3月31日

资产		（未经审计）		（已审计）

流动资产：
	现金及现金等价物		$	23,382		$	28,133
	三个月以上到期的定期存款			21,216			19,431
	十二个月以上到期的定期存款 - 当前部分			-			2,761
	可交易证券（注 3）			26,890			25,175
	到期投资			8,180			-
	应收账款，净额			13,901			9,914
	存货（注 2）			10,130			9,462
	预付费用及其他流动资产			1,221			1,612
	流动资产总计			104,920			96,488
凭证、厂房及设备 - 净额			22,954			23,385
递延所得税资产			337			335
十二个月以上到期的定期存款			-			-
	资产总计		$	128,211		$	120,208

负债及股东权益

流动负债
	应付账款		$	7,263		$	5,740
	应付工资及员工福利			8,414			7,779
	客户存款			1,855			2,058
	其他应付负债			1,132			1,014
	应付所得税			1,192			1,126
	流动负债总计			19,856			17,717
	递延所得税负债			310			371
	负债总计			20,166			18,088


股东权益
	普通股无面值；授权 30,000,000 股；已发行 17,081,810 股；
	截至2025年3月31日和2025年9月30日流通股 15,935,239 股			53,202			53,202
	库存股按成本计算；截至2025年3月31日和2025年9月30日1,146,571 股			(2,821	)		(2,821	)
	额外实收资本			7,973			7,973
	累计其他综合收益			5,316			5,316
	留存收益			44,375			38,450
	股东权益总计			108,045			102,120
	负债及股东权益总计		$	128,211		$	120,208


DESWELL INDUSTRIES, INC. CONSOLIDATED STATEMENT OF OPERATIONS & COMPREHENSIVE INCOME (UNAUDITED) (U.S. dollars in thousands, except per share data)

				Six months ended
				September 30,
				2025		2024

Net sales			$	33,230		$	35,176
Cost of sales				25,442			28,312
Gross profit				7,788			6,864
Selling, general and administrative expenses			5,432			5,404
Other income, net				158			360
Operating income				2,514			1,820
Non-operating income, net				5,172			4,646
Income before income taxes				7,686			6,466
Income taxes				167			281
Net income attributable to Deswell Industries, Inc.		$	7,519		$	6,185


	Other comprehensive income		$	-		$	-
Comprehensive income attributable to Deswell Industries, Inc.		$	7,519		$	6,185


Net income per share attributable to
	Deswell Industries, Inc. (note 4)
Basic:
	Net income per share			$	0.47		$	0.39
	Weighted average common shares outstanding
	shares (in thousands)				15,935			15,935

Diluted:
	Net income per share			$	0.47		$	0.39
	Weighted average number of shares
	outstanding (in thousands)			15,935			15,935


德斯维尔工业公司
合并损益表及综合收益表
（未经审计）
（以千美元计，除每股数据外）

				截至六个月
				2025年9月30日		2024 年

净销售额			$	33,230		$	35,176
销售成本				25,442			28,312
毛利润				7,788			6,864
销售、一般及管理费用			5,432			5,404
其他收入，净额				158			360
营业收入				2,514			1,820
非营业收入，净额				5,172			4,646
税前收入				7,686			6,466
所得税				167			281
归属于德斯维尔工业公司的净收入		$	7,519		$	6,185


	其他综合收益		$	-		$	-
归属于德斯维尔工业公司的综合收益		$	7,519		$	6,185


每股净收入归属于
	德斯维尔工业公司（注 4）
基本：
	每股净收入			$	0.47		$	0.39
	加权平均流通股数
	股（以千计）				15,935			15,935

稀释：
	每股净收入			$	0.47		$	0.39
	加权平均流通股数
	（以千计）			15,935			15,935


DESWELL INDUSTRIES, INC. CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) (U.S. dollars in thousands)

		Six months ended		Six months ended
			September 30,		September 30,
			2025		2024
Cash flows from operating activities :
	Net income		$	7,519		$	6,185
	Adjustments to reconcile net income to net cash
	provided by operating activities :
	Depreciation and amortization			741			764
	Provision for doubtful accounts			16			44
	(Reversal of) additional charges for obsolescence allowance of inventories, net			(284	)		350
	Gain on disposal of property, plant and equipment			(26	)		(8	)
	Unrealized holding gain on marketable securities			(930	)		(2,961	)
	Realized gain on disposal of marketable securities			(2,881	)		-
	Scrip dividend received			-			(73	)
	Deferred tax credit			(63	)		(22	)
	Changes in operating assets and liabilities :
	Accounts receivable			(4,003	)		(5,226	)
	Inventories			(384	)		(5	)
	Prepaid expenses and other current assets			391			(169	)
	Accounts payable			1,523			3,041
	Accrued payroll and employee benefits			635			493
	Customer deposits			(203	)		1,166
	Other accrued liabilities			118			(86	)
	Income taxes payable			66			217
Net cash provided by operating activities			2,235			3,710

Cash flows from investing activities
Purchase of property, plant and equipment			(326	)		(129	)
Proceeds from disposal of property, plant and equipment,			42			25
Purchase of marketable securities			(7,450	)		(1,275	)
Proceeds from disposal of marketable securities			9,546			-
Increase in fixed deposits maturing over three months			(1,785	)		(8,205	)
Release of (Increase in) fixed deposits maturing over twelve months - current			2,761			(2,800	)
Release of fixed deposits maturing over twelve months			-			2,799
(Decrease) Increase in Held-to-maturity Investment			(8,180	)		5,157
Net cash used in investing activities			(5,392	)		(4,428	)

Cash flows from financing activities
Dividends paid			(1,594	)		(1,594	)
Net cash used in financing activities			(1,594	)		(1,594	)

Net decrease in cash and cash equivalents			(4,751	)		(2,312	)
Cash and cash equivalents, at beginning of period			28,133			15,750
Cash and cash equivalents, at end of period			23,382			13,438

Supplementary disclosures of cashflow information :
Cash paid during the period for :
	Interest			-			-
	Income taxes			170			126


德斯维尔工业公司合并现金流量表（未经审计）（以千美元计）

		截至六个月		截至六个月
			2025年9月30日		2024年9月30日
经营活动产生的现金流量：
	净收入		$	7,519		$	6,185
	调整净收入与净现金的调节
	由经营活动提供：
	折旧和摊销			741			764
	坏账准备			16			44
	存货的过时准备金额外费用的（冲回）			(284	)		350
	固定资产处置收益			(26	)		(8	)
	可供出售证券的未实现持有收益			(930	)		(2,961	)
	可供出售证券的实现收益			(2,881	)		-
	收到的股票红利			-			(73	)
	递延税收抵免			(63	)		(22	)
	经营资产和负债的变动：
	应收账款			(4,003	)		(5,226	)
	存货			(384	)		(5	)
	预付费用和其他流动资产			391			(169	)
	应付账款			1,523			3,041
	应付工资和员工福利			635			493
	客户存款			(203	)		1,166
	其他应计负债			118			(86	)
	应付所得税			66			217
由经营活动提供的净现金			2,235			3,710

投资活动产生的现金流量
购买固定资产			(326	)		(129	)
固定资产处置收入			42			25
购买可供出售证券			(7,450	)		(1,275	)
可供出售证券处置收入			9,546			-
三个月以上到期的定期存款增加			(1,785	)		(8,205	)
十二个月以上到期的定期存款的释放（增加）- 当前			2,761			(2,800	)
十二个月以上到期的定期存款的释放			-			2,799
持有至到期投资的（减少）增加			(8,180	)		5,157
投资活动使用的净现金			(5,392	)		(4,428	)

融资活动产生的现金流量
支付的股息			(1,594	)		(1,594	)
融资活动使用的净现金			(1,594	)		(1,594	)

现金及现金等价物的净减少			(4,751	)		(2,312	)
期初现金及现金等价物			28,133			15,750
期末现金及现金等价物			23,382			13,438

现金流量信息的补充披露：
期间支付的现金：
	利息			-			-
	所得税			170			126

View source version on businesswire.com: https://www.businesswire.com/news/home/20251113704385/en/

在 businesswire.com 上查看源版本：https://www.businesswire.com/news/home/20251113704385/en/

Investor Relations Contact:

投资者关系联系人：

John Nesbett/Jennifer Belodeau

IMS Investor Relations

IMS 投资者关系

203.972.9200

jnesbett@imsinvestorrelations.com

Source: Deswell Industries, Inc.

来源：德斯维尔工业公司

德斯维尔工业公布 2026 年上半年业绩 | DSWL 股票新闻