Earnings per ordinary share for the quarter was NT$1.27. Earnings per ADS was US$0.204. The basic weighted average number of shares outstanding in 2Q23 was 12,348,986,144, compared with 12,348,880,384 shares in 1Q23 and 12,283,479,334 shares in 2Q22. The diluted weighted average number of shares outstanding was 12,526,182,161 in 2Q23, compared with 12,597,236,266 shares in 1Q23 and 12,553,373,552 shares in 2Q22. The fully diluted shares counted on June 30, 2023 were approximately 12,526,495,000.
Detailed Financials Section
Operating revenues grew slightly to NT$56.30 billion. COGS increased 3.0% to NT$36.04 billion. Gross profit grew 5.3% QoQ to NT$20.25 billion partly due to a better product mix. Operating expenses declined to NT$5.72 billion, as Sales & Marketing and G&A fell 24.6% and 18.4% respectively, while R&D increased 19.9% sequentially to NT$3.32 billion, representing 5.9% of revenue. Net other operating income was NT$1.14 billion. In 2Q23, operating income increased 8.2% QoQ to NT$15.68 billion.
COGS & Expenses |
||||||||||||||
(Amount: NT$ million) |
2Q23 |
|
1Q23 |
|
QoQ %
|
2Q22 |
|
YoY %
|
||||||
Operating Revenues |
56,296 |
|
54,209 |
|
3.8 |
|
72,055 |
|
(21.9 |
) |
||||
COGS |
(36,044 |
) |
(34,985 |
) |
3.0 |
|
(38,583 |
) |
(6.6 |
) |
||||
Depreciation |
(8,467 |
) |
(8,439 |
) |
0.3 |
|
(9,616 |
) |
(11.9 |
) |
||||
Other Mfg. Costs |
(27,577 |
) |
(26,546 |
) |
3.9 |
|
(28,967 |
) |
(4.8 |
) |
||||
Gross Profit |
20,252 |
|
19,224 |
|
5.3 |
|
33,472 |
|
(39.5 |
) |
||||
Gross Margin (%) |
36.0 |
% |
35.5 |
% |
|
46.5 |
% |
|
||||||
| Operating Expenses |
(5,718 |
) |
(5,780 |
) |
(1.1 |
) |
(6,706 |
) |
(14.7 |
) |
||||
| G&A |
(1,715 |
) |
(2,102 |
) |
(18.4 |
) |
(2,579 |
) |
(33.5 |
) |
||||
| Sales & Marketing |
(716 |
) |
(950 |
) |
(24.6 |
) |
(915 |
) |
(21.7 |
) |
||||
| R&D |
(3,317 |
) |
(2,767 |
) |
19.9 |
|
(3,209 |
) |
3.4 |
|
||||
|
Expected Credit
|
30 |
|
39 |
|
(21.6 |
) |
(3 |
) |
- |
|
||||
|
Net Other Operating
|
1,141 |
|
1,037 |
|
10.0 |
|
1,398 |
|
(18.4 |
) |
||||
| Operating Income |
15,675 |
|
14,481 |
|
8.2 |
|
28,164 |
|
(44.3 |
) |
||||
