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 -

- 公司宣佈上半年每股現金分紅為 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.

澳門 --（商業資訊）-- 德斯維爾工業（Deswell Industries, Inc.）（納斯達克代碼：DSWL）今天公佈了截至2025年9月30日的 2026 財年上半年的未經審計財務業績。

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日的六個月淨銷售額為 3320 萬美元，較 2024 年同期的 3520 萬美元下降了 5.5%。塑料部門的淨銷售額下降了 13.8%，降至 500 萬美元，而公司的電子部門淨銷售額下降了 3.9%，降至 2820 萬美元。

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日的六個月總毛利率為淨銷售額的 23.4%，而去年同期為 19.5%。塑料部門的毛利率略微下降至該部門上半年淨銷售額的 18.3%，而去年同期為 19.5%。由於最低時薪的提高導致勞動力成本上升，塑料部門的毛利率作為銷售的百分比略有下降，但在 2026 財年上半年原材料消耗的持續控制抵消了這一影響。電子部門的毛利率上升至 24.3%，而去年同期為 19.5%。這主要得益於更高毛利產品的推出，得益於向客户提供的增值服務的提升，以及在 2026 財年上半年對原材料和勞動力成本的持續控制措施。2026 財年上半年公司的營業收入為 250 萬美元，而 2025 財年同期的營業收入為 180 萬美元。

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，公司報告的淨收入為 750 萬美元，而 2024 年同期的淨收入為 620 萬美元。這主要是由於截至2025年9月30日的六個月總毛利率和非營業收入的增加。德斯維爾報告的 2026 財年上半年每股基本和稀釋收益為 0.47 美元（基於 15935000 股和 15935000 股加權平均流通股），而 2025 財年上半年每股基本和稀釋收益為 0.39 美元（基於 15935000 股和 15935000 股加權平均流通股）。

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，公司財務狀況依然強勁，現金及現金等價物為 2340 萬美元，流動資產總額為 8510 萬美元。此外，截至2025年9月30日，公司沒有長期或短期借款。

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.”

首席執行官 Edward So 先生評論道：“截至 2026 財年，我們的業績反映了我們在全球經濟環境挑戰中的韌性。儘管整體銷售下降，主要是由於全球需求減弱，但毛利率因推出更高毛利的產品和向客户提供增值服務而擴大。新產品的推出繼續超越傳統產品線，展示了我們創新管道的實力。在應對經濟挑戰的過程中，我們的戰略優先事項——加快市場速度、嚴格的內部成本控制、與供應商的緊密合作以及有針對性的再投資——使我們能夠在當前週期中穩定業績並保持競爭力。”

First Half Dividend

上半年分紅

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.

公司還宣佈，其董事會今天宣佈 2026 財年上半年每股現金分紅為 0.10 美元。該分紅將於2025年12月23日支付給截至2025年12月2日的股東。

About Deswell

關於德斯維爾

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.

德斯維爾在中國人民共和國內的工廠為原始設備製造商（“OEMs”）和合同製造商生產注塑塑料零件和組件、電子產品及子組件，以及金屬模具和配件。公司生產各種塑料零件和組件，用於消費品和工業產品的製造；使用表面貼裝（“SMT”）的印刷電路板組件，以及電話、電話答錄機、先進的專業音頻設備和計算機外設等成品。

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

欲瞭解更多關於德斯維爾工業的信息，請訪問公司網站 www.deswell.com。

Forward-Looking Statements

前瞻性聲明

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.

本新聞稿中的聲明屬於 “前瞻性聲明”，基於當前的預期和假設，可能面臨風險和不確定性。例如，我們關於電子部門在未來一年銷售預期增長的聲明，以及我們在塑料部門減少間接費用的努力，均屬於前瞻性聲明。實際結果可能因以下因素而大幅不同，這些因素可能導致收入和利潤未達到預期水平或我們的間接費用增加：我們對少數主要客户的依賴；激烈的競爭迫使產品降價或打折；來自相對少數重要客户的重大訂單的時間和數量；樹脂價格的持續上漲無法轉嫁給客户；意外的生產延誤；過時的庫存或產品退貨；因客户或員工的欺詐行為造成的損失；勞動力短缺導致的勞動力和成本增加；我們製造和銷售的產品組合的變化；人民幣和港元在轉換為美元時的不利匯率波動；潛在的新會計公告；以及與重大健康問題（如嚴重急性呼吸綜合症）相關的旅行限制和隔離對整體經濟活動的影響。

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.

有關與公司業務相關的風險和不確定性的更多信息，請參閲公司在 20-F 表格中的 “風險因素” 部分，副本可從美國證券交易委員會維護的網站 http://www.sec.gov 獲取。

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聞稿的日期為準。德斯維爾不承擔更新任何前瞻性聲明以使其符合實際結果或德斯維爾預期變化的義務。


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


德斯維爾工業公司
合併資產負債表
（以千美元計）

			2025年9月30日		2025年3月31日

資產		（未經審計）		（已審計）

流動資產：
	現金及現金等價物		$	23,382		$	28,133
	三個月以上到期的定期存款			21,216			19,431
	十二個月以上到期的定期存款 - 當前部分			-			2,761
	可交易證券（注 3）			26,890			25,175
	到期投資			8,180			-
	應收賬款，淨額			13,901			9,914
	存貨（注 2）			10,130			9,462
	預付費用及其他流動資產			1,221			1,612
	流動資產總計			104,920			96,488
憑證、廠房及設備 - 淨額			22,954			23,385
遞延所得税資產			337			335
十二個月以上到期的定期存款			-			-
	資產總計		$	128,211		$	120,208

負債及股東權益

流動負債
	應付賬款		$	7,263		$	5,740
	應付工資及員工福利			8,414			7,779
	客户存款			1,855			2,058
	其他應付負債			1,132			1,014
	應付所得税			1,192			1,126
	流動負債總計			19,856			17,717
	遞延所得税負債			310			371
	負債總計			20,166			18,088


股東權益
	普通股無面值；授權 30,000,000 股；已發行 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
	庫存股按成本計算；截至2025年3月31日和2025年9月30日1,146,571 股			(2,821	)		(2,821	)
	額外實收資本			7,973			7,973
	累計其他綜合收益			5,316			5,316
	留存收益			44,375			38,450
	股東權益總計			108,045			102,120
	負債及股東權益總計		$	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


德斯維爾工業公司
合併損益表及綜合收益表
（未經審計）
（以千美元計，除每股數據外）

				截至六個月
				2025年9月30日		2024 年

淨銷售額			$	33,230		$	35,176
銷售成本				25,442			28,312
毛利潤				7,788			6,864
銷售、一般及管理費用			5,432			5,404
其他收入，淨額				158			360
營業收入				2,514			1,820
非營業收入，淨額				5,172			4,646
税前收入				7,686			6,466
所得税				167			281
歸屬於德斯維爾工業公司的淨收入		$	7,519		$	6,185


	其他綜合收益		$	-		$	-
歸屬於德斯維爾工業公司的綜合收益		$	7,519		$	6,185


每股淨收入歸屬於
	德斯維爾工業公司（注 4）
基本：
	每股淨收入			$	0.47		$	0.39
	加權平均流通股數
	股（以千計）				15,935			15,935

稀釋：
	每股淨收入			$	0.47		$	0.39
	加權平均流通股數
	（以千計）			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


德斯維爾工業公司合併現金流量表（未經審計）（以千美元計）

		截至六個月		截至六個月
			2025年9月30日		2024年9月30日
經營活動產生的現金流量：
	淨收入		$	7,519		$	6,185
	調整淨收入與淨現金的調節
	由經營活動提供：
	折舊和攤銷			741			764
	壞賬準備			16			44
	存貨的過時準備金額外費用的（衝回）			(284	)		350
	固定資產處置收益			(26	)		(8	)
	可供出售證券的未實現持有收益			(930	)		(2,961	)
	可供出售證券的實現收益			(2,881	)		-
	收到的股票紅利			-			(73	)
	遞延税收抵免			(63	)		(22	)
	經營資產和負債的變動：
	應收賬款			(4,003	)		(5,226	)
	存貨			(384	)		(5	)
	預付費用和其他流動資產			391			(169	)
	應付賬款			1,523			3,041
	應付工資和員工福利			635			493
	客户存款			(203	)		1,166
	其他應計負債			118			(86	)
	應付所得税			66			217
由經營活動提供的淨現金			2,235			3,710

投資活動產生的現金流量
購買固定資產			(326	)		(129	)
固定資產處置收入			42			25
購買可供出售證券			(7,450	)		(1,275	)
可供出售證券處置收入			9,546			-
三個月以上到期的定期存款增加			(1,785	)		(8,205	)
十二個月以上到期的定期存款的釋放（增加）- 當前			2,761			(2,800	)
十二個月以上到期的定期存款的釋放			-			2,799
持有至到期投資的（減少）增加			(8,180	)		5,157
投資活動使用的淨現金			(5,392	)		(4,428	)

融資活動產生的現金流量
支付的股息			(1,594	)		(1,594	)
融資活動使用的淨現金			(1,594	)		(1,594	)

現金及現金等價物的淨減少			(4,751	)		(2,312	)
期初現金及現金等價物			28,133			15,750
期末現金及現金等價物			23,382			13,438

現金流量信息的補充披露：
期間支付的現金：
	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:

投資者關係聯繫人：

John Nesbett/Jennifer Belodeau

IMS Investor Relations

IMS 投資者關係

203.972.9200

jnesbett@imsinvestorrelations.com

Source: Deswell Industries, Inc.

來源：德斯維爾工業公司

德斯維爾工業公佈 2026 年上半年業績 | DSWL 股票新聞