Huirong Technology’s 2021 revenue of US$922 million, with significant growth in storage controllers

On April 25, Silicon Motion Technology Corporation released its 2021 annual financial report.

According to the report, Huirong Technology’s operating income in 2021 is 922 million US dollars,A year-on-year increase of 71%gross profit margin was 50.0%, operating expenses were $215 million, a year-on-year increase of 20%, and operating profit was $246 million, a year-on-year increase of 206%.

Huirong Technology said that last year the company’s revenue increased by 71% year-on-year,Mainly due to increased sales of SSD controllers, eMMC and UFS controllers, and scalable storage controllers.

SSD controller sales up 75% to 80% year over year, accounting for 55% to 60% of revenue, eMMC and UFS controller sales up 105% to 110% year over year, accounting for 30% to 35% of revenue, SSD solution sales Revenue fell 5% to 10% year-on-year, and accounted for 5% to 10% of revenue.