Earnings per ordinary share for the quarter was NT$1.06. Earnings per ADS was US$0.173. The basic weighted average number of shares outstanding in 4Q23 was 12,414,087,724, compared with 12,371,129,866 shares in 3Q23 and 12,348,880,384 shares in 4Q22. The diluted weighted average number of shares outstanding was 12,589,138,701 in 4Q23, compared with 12,566,773,628 shares in 3Q23 and 12,684,106,050 shares in 4Q22. The fully diluted shares counted on December 31, 2023 were approximately 12,589,139,000.
Detailed Financials Section
Operating revenues decreased to NT$54.96 billion. COGS grew 1.5% to NT$37.15 billion, which included 6.1% sequential increase in depreciation. Gross profit fell 13.0% QoQ to NT$17.81 billion. Operating expenses increased to NT$6.64 billion, as R&D grew 21.2% sequentially to NT$3.95 billion or 7.2% of revenue, while Sales & Marketing increased 12.0% to NT$0.82 billion and G&A was up 11.6% QoQ to NT$1.93 billion. Net other operating income was NT$1.25 billion. In 4Q23, operating income declined 18.9% QoQ to NT$12.42 billion.
COGS & Expenses |
|||||||||||||||
(Amount: NT$ million) |
4Q23 |
|
3Q23 |
|
QoQ %
|
4Q22 |
|
YoY %
|
|||||||
Operating Revenues |
54,958 |
|
57,069 |
|
(3.7 |
) |
67,836 |
|
(19.0 |
) |
|||||
COGS |
(37,152 |
) |
(36,608 |
) |
1.5 |
|
(38,712 |
) |
(4.0 |
) |
|||||
Depreciation |
(9,006 |
) |
(8,485 |
) |
6.1 |
|
(8,898 |
) |
1.2 |
|
|||||
Other Mfg. Costs |
(28,146 |
) |
(28,123 |
) |
0.1 |
|
(29,814 |
) |
(5.6 |
) |
|||||
Gross Profit |
17,806 |
|
20,461 |
|
(13.0 |
) |
29,124 |
|
(38.9 |
) |
|||||
Gross Margin (%) |
32.4 |
% |
35.9 |
% |
|
42.9 |
% |
|
|||||||
| Operating Expenses |
(6,635 |
) |
(5,722 |
) |
16.0 |
|
(6,798 |
) |
(2.4 |
) |
|||||
| Sales & Marketing |
(823 |
) |
(735 |
) |
12.0 |
|
(953 |
) |
(13.6 |
) |
|||||
| G&A |
(1,930 |
) |
(1,731 |
) |
11.6 |
|
(2,438 |
) |
(20.8 |
) |
|||||
| R&D |
(3,945 |
) |
(3,255 |
) |
21.2 |
|
(3,407 |
) |
15.8 |
|
|||||
| Expected Credit Impairment gain (loss) |
63 |
|
(1 |
) |
- |
|
(0 |
) |
- |
|
|||||
| Net Other Operating Income & Expenses |
1,252 |
|
573 |
|
118.7 |
|
1,311 |
|
(4.5 |
) |
|||||
| Operating Income |
12,423 |
|
15,312 |
|
(18.9 |
) |
23,637 |
|
(47.4 |
) |
|||||
