- Revenue Increases 2.5% Compared to 2Q23
- 15.9% Gross Margin Compared to 17.3% in 2Q23
- Overall Utilization Rate Increased to 63% from 60% in
2Q23
- Net Earnings of NT$0.80 per Basic Common Share or
US$0.50 per Basic ADS Compared to Net
Earnings of NT$0.86 per Basic Common
Share or US$0.54 per Basic ADS in
2Q23
- Strong Financial Position and Liquidity
with NT$11,312.0 Million or US$350.9
Million Balance of Cash and Cash Equivalents
HSINCHU, Nov. 2, 2023
/PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or
the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading
provider of outsourced semiconductor assembly and test services
("OSAT"), today reported consolidated financial results for the
third quarter ended September 30,
2023. All U.S. dollar figures cited in this press release
are based on the exchange rate of NT$32.24 against US$1.00 as of September
29, 2023.
All the figures were prepared in accordance with
Taiwan-International Financial Reporting Standards
("Taiwan-IFRS").
Revenue for the third quarter of 2023 was NT$5,581.5 million or US$173.1 million, an increase of 2.5% from
NT$5,444.1 million or US$168.9 million in the second quarter of 2023
and an increase of 6.2% from NT$5,254.0
million or US$163.0 million
for the same period in 2022. The Company noted that while it
may see some near-term lumpiness, its long-term business trends are
strong, with inventories bottoming out and healthy long-term demand
dynamics, as it benefits from diversity in its product line and
leadership in key areas like DDIC.
Net non-operating income in the third quarter of 2023 was
NT$230.9 million or US$7.2 million, compared to NT$222.4 million or US$6.9
million in the second quarter of 2023, and NT$403.3 million or US$12.5 million in the third quarter of 2022. The
increase of net non-operating income compared to the second quarter
of 2023 is mainly due to the increase of the foreign exchange gains
of NT$17 million or US$0.5 million and share of profit of associates
accounted for using equity method of NT$9
million or US$0.3 million,
which was partially offset by a NT$17
million or US$0.5 million
decrease of interest income. The difference between the third
quarter of 2022 is mainly due to a decrease of foreign exchange
gains of NT$131 million or
US$4.1 million and share of profit of
associates accounted for using equity method of NT$79 million or US$2.5
million. This was partially offset by the positive valuation
impact of financial assets at fair value through profit or loss of
NT$37 million or US$1.1 million from loss on valuation of
financial assets at fair value through profit or loss of
NT$33 million or US$1.0 million in the third quarter of 2022 to
gain on valuation of financial assets at fair value through profit
or loss of NT$4 million or
US$0.1 million in the third quarter
of 2023.
Net profit attributable to equity holders of the Company for the
third quarter of 2023 was NT$580.6
million or US$18.0 million,
and NT$0.80 or US$0.02 per basic common share, as compared to
NT$628.5 million or US$19.5 million, and NT$0.86 or US$0.03
per basic common share in the second quarter of 2023. This
compares to NT$671.8 million or
US$20.8 million, and NT$0.92 or US$0.03
per basic common share in the third quarter of 2022. Net
earnings for the third quarter of 2023 were US$0.50 per basic ADS, compared to US$0.54 per basic ADS for the second quarter of
2023 and US$0.57 per basic ADS in the
third quarter of 2022.
Free cash flow for the first nine months of 2023 was
NT$1,089.0 million or US$33.8 million, with a balance of cash and cash
equivalents was NT$11,312.0 million
or US$350.9 million.
Third Quarter 2023 Investor Conference Call / Webcast
Details
Date: Thursday, November 2,
2023
Time: 3:00PM Taiwan (3:00AM New
York)
Dial-In: +886-2-33961191
Password: 9507502 #
Webcast and Replay:
https://www.chipmos.com/chinese/ir/info2.aspx
Replay Starting 2 Hours After Live Call Ends
Language: Mandarin
Note: A transcript will be provided on the Company's
website in English following the conference call to help ensure
transparency, and to facilitate a better understanding of the
Company's financial results and operating environment.
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan
Stock Exchange: 8150 and NASDAQ:
IMOS) (www.chipmos.com) is an industry leading provider of
outsourced semiconductor assembly and test services. With advanced
facilities in Hsinchu Science Park, Hsinchu Industrial Park and
Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record
of excellence and history of innovation. The Company provides
end-to-end assembly and test services to leading fabless
semiconductor companies, integrated device manufacturers and
independent semiconductor foundries serving virtually all end
markets worldwide.
Forward-Looking Statements
This press release may contain certain forward-looking
statements. These forward-looking statements may be identified by
words such as 'believes,' 'expects,' 'anticipates,' 'projects,'
'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar
expressions or by discussion of, among other things, strategies,
goals, plans or intentions. These statements may include financial
projections and estimates and their underlying assumptions,
statements regarding plans, objectives and expectations with
respect to future operations, products and services, and statements
regarding future performance. Actual results may differ materially
in the future from those reflected in forward-looking statements
contained in this document, due to various factors. Further
information regarding these risks, uncertainties and other factors
are included in the Company's most recent Annual Report on Form
20-F filed with the U.S. Securities and Exchange Commission (the
"SEC") and in the Company's other filings with the SEC.
Contacts:
In Taiwan
Jesse Huang
ChipMOS TECHNOLOGIES
INC.
+886-6-5052388 ext.
7715
IR@chipmos.com
|
In the U.S.
David
Pasquale
Global IR
Partners
+1-914-337-8801
dpasquale@globalirpartners.com
|
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SOURCE ChipMOS TECHNOLOGIES INC.