2018/10/16

Nanya Technology Reports Third Quarter 2018 Results

October 16th, 2018 – Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the third quarter, ended September 30th, 2018. Nanya’s quarterly sales revenue was NT$ 24,375 million, 0.9 percent decreased compared to the second quarter, 2018. Average selling prices (ASP) remained relatively flat; bit shipment decreased by low single digits percent. A 3.2 percent positive influenced revenue by foreign exchange. 

Gross profit of the quarter was NT$ 14,366 million, gross margin was 58.9 percent, a 3.9 percentage points increase compared with previous quarter. Operating Income of the quarter was NT$ 12,434 million, operating margin was 51.0 percent. Operating margin increased 4.2 percentage points compared with last quarter. Non-operating income of the quarter was NT$ 438 million mainly from interest income, foreign exchange and others. The Company had net profit attributable to Nanya Technology shareholders of NT$ 12,872 million, with net margin of 52.8 percent, a 6.8 percentage points increase compared with previous quarter. Earnings per share (EPS) of NT$ 4.15 in the third quarter (the earnings per share calculations are based on weighted average outstanding shares of 3,102 million). Book value per share was NT$ 51.52 at the third quarter end. All numbers are unaudited. 

Accumulated first three quarters of 2018, the company’s sales revenue was NT$ 67,764 million, 77.6 percent higher compared with the same period last year. Net income attributable to Nanya Technology shareholders of NT$ 31,409 million, EPS of NT$ 10.23 (EPS is based on weighted average outstanding shares of 3,069 million). All numbers are unaudited.

Nanya’s 20nm DDR4 contributed about 30 percent of total revenue. DDR4 server DRAM has been qualified at tier one data-center customers. On track to launch LPDDR4/4X products in the fourth quarter 2018. Bit shipment guided for flattish in the fourth quarter of 2018. Yearly bit shipment remained at previous guidance to grow 48 percent in 2018. The self-development of 10nm class technology node progress meets planned target.

Nanya Technology named to the 2018 Dow Jones Sustainability Emerging Markets Index (DJSI) of the Semiconductors and Semiconductor Equipment Industry for the first time as an index component. The inclusion of NTC is a strong affirmation on NTC’s positive efforts on corporate sustainability in managing economic, environmental and social performance. 

 

Q3 2018 Consolidated Income Statement

* EBITDA = Operating income + Depreciation & Amortization Expenses

** EPS is based on weighted average outstanding shares of 3,102M

*** BVPS is calculated based on 3,103M outstanding shares after deduction of NT$ 3.5 cash dividend payable

 

Disclaimer

This press release contains forward-looking statements. These statements relate to future events or our future financial performance. These statements are only predictions. Actual events or results may differ materially. 
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no duty to update any of the forward-looking statements after the date of this press release to conform such statements to actual results or to changes in our expectations. 
Readers are also urged to carefully review and consider the various disclosures made by us which attempt to advise interested parties of the factors which affect our business.