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NTC — Interim / Quarterly Report 2019
Sep 24, 2019
52061_rns_2019-09-24_757986cb-afa3-4db1-9726-6f422fc4cf6d.pdf
Interim / Quarterly Report
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NTC Proprietary
Level: Property
© April 16, 2019 © 2019 Nanya Technology Corp. 2019 Nanya Technology Corp.
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Safe Harbor
The information herein and the presentation made during the conference contain forward-looking statements and are provided for information purposes only. Neither Nanya Technology Corp. nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements or undertakes duty to update the statements. You are urged to review the information provided herein carefully, and please don’t distribute, reproduce or disclose the information in whole or in part without prior written permission of NANYA Technology Corp.
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© 2019 Nanya Technology Corp.
| Q2’19 Financial Results Summary Amount in Million NT$, except for EPS & BVPS Q2'19 Q1'19 QoQ Q2'18 YoY Audited Audited Audited Net Sales 12,441 100% 11,372 100% 9.4% 24,592 100% -49.4% Gross Profit (Loss)Gross Margin(%) 4,348 34.9% 4,633 40.7% -6.1% 13,537 55.0% -67.9% Operating Income (Loss) Operating Margin(%) 2,805 22.5% 3,020 26.6% -7.1% 11,510 46.8% -75.6% EBITDA EBITDA Margin (%) 6,427 51.7% 6,381 56.1% 0.7% 14,495 58.9% -55.7% Non-operating Income (Expense) 600 4.8% 567 5.0% 1,990 8.1% Income Tax Benefit (Expense) -657 -5.3% 0 0.0% -2,190 -8.9% Net Income (Loss)Net Margin (%) 2,748 22.1% 3,586 31.5% -23.4% 11,310 46.0% -75.7% Earnings Per Share (NT$) 0.90 1.18 3.68 Book Value Per Share (NT$) 49.01** 55.26 47.37 Shares Outstanding(million shares) 3,052 3,034 3,101 |
Q2’19 Financial Results Summary Amount in Million NT$, except for EPS & BVPS Q2'19 Q1'19 QoQ Q2'18 YoY Audited Audited Audited Net Sales 12,441 100% 11,372 100% 9.4% 24,592 100% -49.4% Gross Profit (Loss)Gross Margin(%) 4,348 34.9% 4,633 40.7% -6.1% 13,537 55.0% -67.9% Operating Income (Loss) Operating Margin(%) 2,805 22.5% 3,020 26.6% -7.1% 11,510 46.8% -75.6% EBITDA EBITDA Margin (%) 6,427 51.7% 6,381 56.1% 0.7% 14,495 58.9% -55.7% Non-operating Income (Expense) 600 4.8% 567 5.0% 1,990 8.1% Income Tax Benefit (Expense) -657 -5.3% 0 0.0% -2,190 -8.9% Net Income (Loss)Net Margin (%) 2,748 22.1% 3,586 31.5% -23.4% 11,310 46.0% -75.7% Earnings Per Share (NT$) 0.90 1.18 3.68 Book Value Per Share (NT$) 49.01** 55.26 47.37 Shares Outstanding(million shares) 3,052 3,034 3,101 |
Q2’19 Financial Results Summary Amount in Million NT$, except for EPS & BVPS Q2'19 Q1'19 QoQ Q2'18 YoY Audited Audited Audited Net Sales 12,441 100% 11,372 100% 9.4% 24,592 100% -49.4% Gross Profit (Loss)Gross Margin(%) 4,348 34.9% 4,633 40.7% -6.1% 13,537 55.0% -67.9% Operating Income (Loss) Operating Margin(%) 2,805 22.5% 3,020 26.6% -7.1% 11,510 46.8% -75.6% EBITDA EBITDA Margin (%) 6,427 51.7% 6,381 56.1% 0.7% 14,495 58.9% -55.7% Non-operating Income (Expense) 600 4.8% 567 5.0% 1,990 8.1% Income Tax Benefit (Expense) -657 -5.3% 0 0.0% -2,190 -8.9% Net Income (Loss)Net Margin (%) 2,748 22.1% 3,586 31.5% -23.4% 11,310 46.0% -75.7% Earnings Per Share (NT$) 0.90 1.18 3.68 Book Value Per Share (NT$) 49.01** 55.26 47.37 Shares Outstanding(million shares) 3,052 3,034 3,101 |
Q2’19 Financial Results Summary Amount in Million NT$, except for EPS & BVPS Q2'19 Q1'19 QoQ Q2'18 YoY Audited Audited Audited Net Sales 12,441 100% 11,372 100% 9.4% 24,592 100% -49.4% Gross Profit (Loss)Gross Margin(%) 4,348 34.9% 4,633 40.7% -6.1% 13,537 55.0% -67.9% Operating Income (Loss) Operating Margin(%) 2,805 22.5% 3,020 26.6% -7.1% 11,510 46.8% -75.6% EBITDA EBITDA Margin (%) 6,427 51.7% 6,381 56.1% 0.7% 14,495 58.9% -55.7% Non-operating Income (Expense) 600 4.8% 567 5.0% 1,990 8.1% Income Tax Benefit (Expense) -657 -5.3% 0 0.0% -2,190 -8.9% Net Income (Loss)Net Margin (%) 2,748 22.1% 3,586 31.5% -23.4% 11,310 46.0% -75.7% Earnings Per Share (NT$) 0.90 1.18 3.68 Book Value Per Share (NT$) 49.01** 55.26 47.37 Shares Outstanding(million shares) 3,052 3,034 3,101 |
Q2’19 Financial Results Summary Amount in Million NT$, except for EPS & BVPS Q2'19 Q1'19 QoQ Q2'18 YoY Audited Audited Audited Net Sales 12,441 100% 11,372 100% 9.4% 24,592 100% -49.4% Gross Profit (Loss)Gross Margin(%) 4,348 34.9% 4,633 40.7% -6.1% 13,537 55.0% -67.9% Operating Income (Loss) Operating Margin(%) 2,805 22.5% 3,020 26.6% -7.1% 11,510 46.8% -75.6% EBITDA EBITDA Margin (%) 6,427 51.7% 6,381 56.1% 0.7% 14,495 58.9% -55.7% Non-operating Income (Expense) 600 4.8% 567 5.0% 1,990 8.1% Income Tax Benefit (Expense) -657 -5.3% 0 0.0% -2,190 -8.9% Net Income (Loss)Net Margin (%) 2,748 22.1% 3,586 31.5% -23.4% 11,310 46.0% -75.7% Earnings Per Share (NT$) 0.90 1.18 3.68 Book Value Per Share (NT$) 49.01** 55.26 47.37 Shares Outstanding(million shares) 3,052 3,034 3,101 |
Q2’19 Financial Results Summary Amount in Million NT$, except for EPS & BVPS Q2'19 Q1'19 QoQ Q2'18 YoY Audited Audited Audited Net Sales 12,441 100% 11,372 100% 9.4% 24,592 100% -49.4% Gross Profit (Loss)Gross Margin(%) 4,348 34.9% 4,633 40.7% -6.1% 13,537 55.0% -67.9% Operating Income (Loss) Operating Margin(%) 2,805 22.5% 3,020 26.6% -7.1% 11,510 46.8% -75.6% EBITDA EBITDA Margin (%) 6,427 51.7% 6,381 56.1% 0.7% 14,495 58.9% -55.7% Non-operating Income (Expense) 600 4.8% 567 5.0% 1,990 8.1% Income Tax Benefit (Expense) -657 -5.3% 0 0.0% -2,190 -8.9% Net Income (Loss)Net Margin (%) 2,748 22.1% 3,586 31.5% -23.4% 11,310 46.0% -75.7% Earnings Per Share (NT$) 0.90 1.18 3.68 Book Value Per Share (NT$) 49.01** 55.26 47.37 Shares Outstanding(million shares) 3,052 3,034 3,101 |
|---|---|---|---|---|---|
| Amount in Million NT$, except for EPS & BVPS |
Q2'19 | Q1'19 | QoQ | Q2'18 | YoY |
| Audited | Audited | Audited | |||
| Net Sales | 12,441 100% |
11,372 100% |
9.4% | 24,592 100% |
-49.4% |
| Gross Profit (Loss)Gross Margin(%) | 4,348 34.9% |
4,633 40.7% |
-6.1% | 13,537 55.0% | -67.9% |
| Operating Income (Loss) Operating Margin(%) |
2,805 22.5% |
3,020 26.6% |
-7.1% | 11,510 46.8% |
-75.6% |
| EBITDA* EBITDA Margin (%) | 6,427 51.7% |
6,381 56.1% |
0.7% | 14,495 58.9% | -55.7% |
| Non-operating Income (Expense) | 600 4.8% |
567 5.0% |
1,990 8.1% |
||
| Income Tax Benefit (Expense) | -657 -5.3% |
0 0.0% |
-2,190 -8.9% |
||
| Net Income (Loss)Net Margin (%) | 2,748 22.1% |
3,586 31.5% |
-23.4% | 11,310 46.0% |
-75.7% |
| Earnings Per Share (NT$) | 0.90** | 1.18 | 3.68 | ||
| Book Value Per Share (NT$) | 49.01*** | 55.26 | 47.37 | ||
| Shares Outstanding(million shares) | 3,052 | 3,034 | 3,101 |
Note: * EBITDA = Operating income + Depreciation & Amortization Expenses
-
** EPS is based on weighted average outstanding shares of 3,040M
-
*** BVPS is calculated based on 3,052M outstanding shares after deduction of NT$ 7.11 cash dividend payable
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| Q2’19 vs. Q1’19 Results Comparison Q2’19 Q1’19 QoQ (PPT* Delta) Remarks Amount in Million NT$ Audited Audited Net Sales 12,441 11,372 ASP decreased by mid-teens% QoQ Bit shipment increased by >thirtys% QoQ Gross Profit (Loss) Gross Margin(%) 4,348 34.9% 4,633 40.7% -5.8% Q2’19 Gross profit decreased NT$ 285M, mainly due to ASP drop, shipment increase and cost improvement Operating Income (Loss) Operating Margin(%) 2,805 22.5% 3,020 26.6% -4.1% Q2’19 OP Income decreased NT$ 214M Gross profit decreased NT$ 285M SG&A increased NT$ 19M, R&D expense decreased NT$ 89M Net Income (Loss) Net Margin (%) 2,748 22.1% 3,586 31.5% -9.4% Net Income decreased NT$ 838M OP Income decreased NT$ 214M Income tax increased NT$ 656M |
Q2’19 vs. Q1’19 Results Comparison Q2’19 Q1’19 QoQ (PPT* Delta) Remarks Amount in Million NT$ Audited Audited Net Sales 12,441 11,372 ASP decreased by mid-teens% QoQ Bit shipment increased by >thirtys% QoQ Gross Profit (Loss) Gross Margin(%) 4,348 34.9% 4,633 40.7% -5.8% Q2’19 Gross profit decreased NT$ 285M, mainly due to ASP drop, shipment increase and cost improvement Operating Income (Loss) Operating Margin(%) 2,805 22.5% 3,020 26.6% -4.1% Q2’19 OP Income decreased NT$ 214M Gross profit decreased NT$ 285M SG&A increased NT$ 19M, R&D expense decreased NT$ 89M Net Income (Loss) Net Margin (%) 2,748 22.1% 3,586 31.5% -9.4% Net Income decreased NT$ 838M OP Income decreased NT$ 214M Income tax increased NT$ 656M |
Q2’19 vs. Q1’19 Results Comparison Q2’19 Q1’19 QoQ (PPT* Delta) Remarks Amount in Million NT$ Audited Audited Net Sales 12,441 11,372 ASP decreased by mid-teens% QoQ Bit shipment increased by >thirtys% QoQ Gross Profit (Loss) Gross Margin(%) 4,348 34.9% 4,633 40.7% -5.8% Q2’19 Gross profit decreased NT$ 285M, mainly due to ASP drop, shipment increase and cost improvement Operating Income (Loss) Operating Margin(%) 2,805 22.5% 3,020 26.6% -4.1% Q2’19 OP Income decreased NT$ 214M Gross profit decreased NT$ 285M SG&A increased NT$ 19M, R&D expense decreased NT$ 89M Net Income (Loss) Net Margin (%) 2,748 22.1% 3,586 31.5% -9.4% Net Income decreased NT$ 838M OP Income decreased NT$ 214M Income tax increased NT$ 656M |
Q2’19 vs. Q1’19 Results Comparison Q2’19 Q1’19 QoQ (PPT* Delta) Remarks Amount in Million NT$ Audited Audited Net Sales 12,441 11,372 ASP decreased by mid-teens% QoQ Bit shipment increased by >thirtys% QoQ Gross Profit (Loss) Gross Margin(%) 4,348 34.9% 4,633 40.7% -5.8% Q2’19 Gross profit decreased NT$ 285M, mainly due to ASP drop, shipment increase and cost improvement Operating Income (Loss) Operating Margin(%) 2,805 22.5% 3,020 26.6% -4.1% Q2’19 OP Income decreased NT$ 214M Gross profit decreased NT$ 285M SG&A increased NT$ 19M, R&D expense decreased NT$ 89M Net Income (Loss) Net Margin (%) 2,748 22.1% 3,586 31.5% -9.4% Net Income decreased NT$ 838M OP Income decreased NT$ 214M Income tax increased NT$ 656M |
Q2’19 vs. Q1’19 Results Comparison Q2’19 Q1’19 QoQ (PPT* Delta) Remarks Amount in Million NT$ Audited Audited Net Sales 12,441 11,372 ASP decreased by mid-teens% QoQ Bit shipment increased by >thirtys% QoQ Gross Profit (Loss) Gross Margin(%) 4,348 34.9% 4,633 40.7% -5.8% Q2’19 Gross profit decreased NT$ 285M, mainly due to ASP drop, shipment increase and cost improvement Operating Income (Loss) Operating Margin(%) 2,805 22.5% 3,020 26.6% -4.1% Q2’19 OP Income decreased NT$ 214M Gross profit decreased NT$ 285M SG&A increased NT$ 19M, R&D expense decreased NT$ 89M Net Income (Loss) Net Margin (%) 2,748 22.1% 3,586 31.5% -9.4% Net Income decreased NT$ 838M OP Income decreased NT$ 214M Income tax increased NT$ 656M |
|---|---|---|---|---|
| Q2’19 | Q1’19 | QoQ (PPT* Delta) |
Remarks | |
| Amount in Million NT$ | Audited | Audited | ||
| Net Sales | 12,441 | 11,372 | ASP decreased by mid-teens% QoQ Bit shipment increased by >thirtys% QoQ |
|
| Gross Profit (Loss) Gross Margin(%) |
4,348 34.9% |
4,633 40.7% |
-5.8% | Q2’19 Gross profit decreased NT$ 285M, mainly due to ASP drop, shipment increase and cost improvement |
| Operating Income (Loss) Operating Margin(%) |
2,805 22.5% |
3,020 26.6% |
-4.1% | Q2’19 OP Income decreased NT$ 214M Gross profit decreased NT$ 285M SG&A increased NT$ 19M, R&D expense decreased NT$ 89M |
| Net Income (Loss) Net Margin (%) |
2,748 22.1% |
3,586 31.5% |
-9.4% | Net Income decreased NT$ 838M OP Income decreased NT$ 214M Income tax increased NT$ 656M |
*PPT: Percentage Points
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Quarterly Financial Highlights
80%
Revenue (Million NT$) Net Income (Million NT$) Gross Margin(%) Operating Margin(%)
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Quarterly Financial Highlights
40,000
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58.9%
55%
51.0%52.9%
52%
50% 47%
44% 44% 44% 41.8%
39% 40.7%
40%
34.9%
20,000 40%
33% 32% 33% 32%
31% 31%
28%
26.6%
25% 12,441
21%
18% 22.5%
17%
2,748
- 0%
Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19
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Cash Flows
1H 2019 Cash Flow
| Q2'19 | Q1'19 | |
|---|---|---|
| Unit: Million NT$ | Audited & Consolidated |
Audited & Consolidated |
| Beginning Balance | 60,374 | 57,384 |
| Cash from Operating Activities |
1,591 -1,827 723* |
5,916 |
| Capital expenditures | -1,723 | |
| Investments and others |
-1,203*** | |
| Ending Balance | 60,861 | 60,374 |
| Free Cash Flow(1) | -236 | 4,193 |
-
(1) Free Cash Flow = Cash from operating activities – Capital expenditures
-
Including retained earnings tax NT$ 2.5B
** Mainly from Employees’ exercise of ESOP NT$ 613M
*** Mainly for share buyback of NT$ 1,030M
Unit: Million NT$
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-3,549
-480
7,507
Capital
[Investments]
Expenditures
and others
Cash from
Operating
Activities
57,384 60,861
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2019/1/1 2019/6/30 Beginning Ending Balance Balance
1H 2019 Free Cash Flow NT$3,957 Million
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CAPEX & Bit Shipment
NT$ Billion
29.4
mid thirty %
20.4
7.0 Single
digits%
Flat
2017 2018 2019(E) 2017 2018 2019(E)
CAPEX Bit Shipment (YoY)
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CAPEX & Bit Shipment
Capital 1H’19 CAPEX NT$ 3.5Billion (B) Expenditure (CAPEX) 2019 CAPEX plan approx. NT$ 7B
- Q2’19 Bit shipment increased by > thirtys%
Bit Shipment
-
Q3’19 Bit shipment growth revised up to > 25% for mid-teens%
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2019 Bit shipment growth guided for single digits%
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Continue allocating 5~10% capacity to technology & product development
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DRAM Market outlook
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Macro : Macro economics uncertainties continued; customer inventory reduced, suppliers’ inventory remained high. DRAM supply-demand gradually balanced and pricing decline
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Outlook narrowing
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Sectors Outlook : 2H’19 server demand improving, new smartphone models launch, CPU supply increase, Consumer seasonality demand increase
Supply Capital expenditures reduction and inventory adjustment continued
-
Mobile Market
：2H’19 new smartphone models introduction, and content per box increase. 5G high end phones introduce with 8GB, which continue to drive DRAM demand growth gradually -
Server Market
：Data center customers’ inventory declined, and bit demand recovery from -
Demand Q3’19 expected. Bit demand anticipate to grow steady in long term, mainly from enterprise cloud services, and the development of AI and networking continue to drive server demand
-
PC Market
：Q3’19 CPU supply resumed normal. Major PC brands introduced new models Consumer Market：Set-top boxes, smart speakers, SSDs, and IP CAMs DRAM content grow expected
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© 2019 Nanya Technology Corp.
Nanya Business Review & Outlook
- Q2’19 bit shipment improved across all segments
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Q3’19 bit demand expected to be better than Q2’19
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2H’19 DRAM supply-demand gradually balanced and pricing decline narrowing
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Cash dividend of NT$ 21.7B (NT$ 7.11 per common share) distributed on July
-
26, 2019
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No new Capex planned for 2H’19 and allocating 5~10% capacity to technology
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& product development activities
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Thanks & Questions
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| Q2’19 Consolidated Income Statement | Q2’19 Consolidated Income Statement | Q2’19 Consolidated Income Statement | Q2’19 Consolidated Income Statement | Q2’19 Consolidated Income Statement | Q2’19 Consolidated Income Statement | Q2’19 Consolidated Income Statement | Q2’19 Consolidated Income Statement |
|---|---|---|---|---|---|---|---|
| Q2'19 | Q1'19 | QoQ | Q2’18 | YoY | |||
| Amount: Million NT$ | Audited |
Audited | Audited | ||||
| Net Sales | 12,441 100.0% |
11,372 100.0% |
9.4% | 24,592 100.0% |
-49.4% | ||
| Cost of Goods Sold | 8,093 65.1% |
6,739 59.3% |
11,055 45.0% |
||||
| Gross Margin | 4,348 34.9% |
4,633 40.7% |
-6.1% | 13,537 55.0% |
-67.9% | ||
| SG&A Expenses | 483 3.9% |
465 4.1% |
669 2.7% |
||||
| R&D Expenses | 1,059 8.5% |
1,148 10.1% |
1,358 5.5% |
||||
| Operating Income | 2,805 22.5% |
3,020 26.6% |
-7.1% | 11,510 46.8% |
-75.6% | ||
| Non-operating Income (Exp.) | 600 4.8% |
567 5.0% |
1,990 8.1% |
||||
| Income before Tax | 3,405 27.4% |
3,586 31.5% |
-5.1% | 13,500 54.9% |
-74.8% | ||
| Income Tax Benefit (Expense) | -657 -5.3% |
0 0.0% |
-2,190 -8.9% |
||||
| Net Income | 2,748 22.1% |
3,586 31.5% |
11,310 46.0% |
||||
| Net income attributable to noncontrolling interests |
0 0.0% |
0 0.0% |
0 0.0% |
||||
| Net Income attributable to NTC | 2,748 22.1% |
3,586 31.5% |
-23.4% | 11,310 46.0% |
-75.7% | ||
| EPS(NT$) | 0.90 | 1.18 | 3.68 | ||||
| Book Value Per Share | 49.01 | 55.26 | 47.37 |
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| 1H’19 Financial Results Summary 1H’19 1H’18 YoY Amount: Million NT$ Audited & Consolidated Audited & Consolidated Net Sales 23,813 100.0% 43,390 100.0% -45.1% Cost of Goods Sold 14,832 62.3% 20,112 46.4% Gross Margin 8,980 37.7% 23,278 53.6% -61.4% SG&A Expenses 948 4.0% 1,215 2.8% R&D Expenses 2,207 9.3% 2,234 5.1% Operating Income 5,825 24.5% 19,829 45.7% -70.6% Non-operating Income (Exp.) 1,166 4.9% 898 2.1% Income before Tax 6,991 29.4% 20,727 47.8% -66.3% Income Tax Benefit (Expense) -657 -2.8% -2,191 -5.1% Net Income 6,334 26.6% 18,536 42.7% Net Income attributable to noncontrolling interests 0 -1 Net Income attributable to NTC 6,334 26.6% 18,537 42.7% -65.8% EPS(NT$) 2.09 6.07 |
1H’19 Financial Results Summary 1H’19 1H’18 YoY Amount: Million NT$ Audited & Consolidated Audited & Consolidated Net Sales 23,813 100.0% 43,390 100.0% -45.1% Cost of Goods Sold 14,832 62.3% 20,112 46.4% Gross Margin 8,980 37.7% 23,278 53.6% -61.4% SG&A Expenses 948 4.0% 1,215 2.8% R&D Expenses 2,207 9.3% 2,234 5.1% Operating Income 5,825 24.5% 19,829 45.7% -70.6% Non-operating Income (Exp.) 1,166 4.9% 898 2.1% Income before Tax 6,991 29.4% 20,727 47.8% -66.3% Income Tax Benefit (Expense) -657 -2.8% -2,191 -5.1% Net Income 6,334 26.6% 18,536 42.7% Net Income attributable to noncontrolling interests 0 -1 Net Income attributable to NTC 6,334 26.6% 18,537 42.7% -65.8% EPS(NT$) 2.09 6.07 |
1H’19 Financial Results Summary 1H’19 1H’18 YoY Amount: Million NT$ Audited & Consolidated Audited & Consolidated Net Sales 23,813 100.0% 43,390 100.0% -45.1% Cost of Goods Sold 14,832 62.3% 20,112 46.4% Gross Margin 8,980 37.7% 23,278 53.6% -61.4% SG&A Expenses 948 4.0% 1,215 2.8% R&D Expenses 2,207 9.3% 2,234 5.1% Operating Income 5,825 24.5% 19,829 45.7% -70.6% Non-operating Income (Exp.) 1,166 4.9% 898 2.1% Income before Tax 6,991 29.4% 20,727 47.8% -66.3% Income Tax Benefit (Expense) -657 -2.8% -2,191 -5.1% Net Income 6,334 26.6% 18,536 42.7% Net Income attributable to noncontrolling interests 0 -1 Net Income attributable to NTC 6,334 26.6% 18,537 42.7% -65.8% EPS(NT$) 2.09 6.07 |
1H’19 Financial Results Summary 1H’19 1H’18 YoY Amount: Million NT$ Audited & Consolidated Audited & Consolidated Net Sales 23,813 100.0% 43,390 100.0% -45.1% Cost of Goods Sold 14,832 62.3% 20,112 46.4% Gross Margin 8,980 37.7% 23,278 53.6% -61.4% SG&A Expenses 948 4.0% 1,215 2.8% R&D Expenses 2,207 9.3% 2,234 5.1% Operating Income 5,825 24.5% 19,829 45.7% -70.6% Non-operating Income (Exp.) 1,166 4.9% 898 2.1% Income before Tax 6,991 29.4% 20,727 47.8% -66.3% Income Tax Benefit (Expense) -657 -2.8% -2,191 -5.1% Net Income 6,334 26.6% 18,536 42.7% Net Income attributable to noncontrolling interests 0 -1 Net Income attributable to NTC 6,334 26.6% 18,537 42.7% -65.8% EPS(NT$) 2.09 6.07 |
|---|---|---|---|
| 1H’19 | 1H’18 | YoY | |
| Amount: Million NT$ | Audited & Consolidated | Audited & Consolidated | |
| Net Sales | 23,813 100.0% |
43,390 100.0% |
-45.1% |
| Cost of Goods Sold | 14,832 62.3% |
20,112 46.4% |
|
| Gross Margin | 8,980 37.7% |
23,278 53.6% |
-61.4% |
| SG&A Expenses | 948 4.0% |
1,215 2.8% |
|
| R&D Expenses | 2,207 9.3% |
2,234 5.1% |
|
| Operating Income | 5,825 24.5% |
19,829 45.7% |
-70.6% |
| Non-operating Income (Exp.) | 1,166 4.9% |
898 2.1% |
|
| Income before Tax | 6,991 29.4% |
20,727 47.8% |
-66.3% |
| Income Tax Benefit (Expense) | -657 -2.8% |
-2,191 -5.1% |
|
| Net Income | 6,334 26.6% |
18,536 42.7% |
|
| Net Income attributable to noncontrolling interests |
0 | -1 | |
| Net Income attributable to NTC | 6,334 26.6% |
18,537 42.7% |
-65.8% |
| EPS(NT$) | 2.09 | 6.07 |
1H’19 Financial Results Summary
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