Earnings per ordinary share for the quarter was NT$1.31. Earnings per ADS was US$0.215. The basic weighted average number of shares outstanding in 1Q23 was 12,348,880,384, compared with 12,348,880,384 shares in 4Q22 and 12,283,479,334 shares in 1Q22. The diluted weighted average number of shares outstanding was 12,597,236,266 in 1Q23, compared with 12,684,106,050 shares in 4Q22 and 12,534,728,721 shares in 1Q22. The fully diluted shares counted on March 31, 2023 were approximately 12,597,236,000.
Detailed Financials Section
Operating revenues decreased to NT$54.21 billion. COGS declined 9.6% to NT$34.99 billion, which included 11% sequential decrease in other manufacturing costs. Gross profit fell 34% QoQ to NT$19.22 billion. Operating expenses declined to NT$5.78 billion, as R&D fell 18.8% to NT$2.77 billion, representing 5.1% of revenue while G&A sequentially declined 13.8% to NT$2.10 billion. Net other operating income was NT$1.04 billion. In 1Q23, operating income declined 38.7% QoQ to NT$14.48 billion.
COGS & Expenses |
|||||||||
(Amount: NT$ million) |
1Q23 |
4Q22 |
QoQ %
|
1Q22 |
YoY %
|
||||
Operating Revenues |
54,209 |
67,836 |
(20.1) |
63,423 |
(14.5) |
||||
COGS |
(34,985) |
(38,712) |
(9.6) |
(35,919) |
(2.6) |
||||
Depreciation |
(8,439) |
(8,898) |
(5.2) |
(9,807) |
(13.9) |
||||
Other Mfg. Costs |
(26,546) |
(29,814) |
(11.0) |
(26,112) |
1.7 |
||||
Gross Profit |
19,224 |
29,124 |
(34.0) |
27,504 |
(30.1) |
||||
Gross Margin (%) |
35.5% |
42.9% |
|
43.4% |
|
||||
Operating Expenses |
(5,780) |
(6,798) |
(15.0) |
(6,513) |
(11.3) |
||||
G&A |
(2,102) |
(2,438) |
(13.8) |
(2,226) |
(5.6) |
||||
Sales & Marketing |
(950) |
(953) |
(0.3) |
(1,255) |
(24.3) |
||||
R&D |
(2,767) |
(3,407) |
(18.8) |
(3,033) |
(8.8) |
||||
| Expected Credit Impairment gain (loss) |
39 |
(0) |
- |
1 |
3,983.2 |
||||
| Net Other Operating Income & Expenses |
1,037 |
1,311 |
(20.9) |
1,343 |
(22.8) |
||||
| Operating Income |
14,481 |
23,637 |
(38.7) |
22,334 |
(35.2) |
||||
