Nanya Technology Reports Results for the Second Quarter 2019

July 10th, 2019 – Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the second quarter, ended June 30th, 2019. Nanya’s quarterly sales revenue was NT$ 12,441 million, a 9.4 percent increase compared to the first quarter, 2019. In the second quarter of 2019, average selling prices (ASP) decreased by mid-teens percent and bit shipment increased by greater than thirtys percent quarter over quarter. 

Gross profit of the quarter was NT$ 4,348 million, gross margin was 34.9 percent, a 5.8 percentage points decrease compared with the previous quarter. Operating Income of the quarter was NT$ 2,805 million, operating margin was 22.5 percent. Operating margin decreased by 4.1 percentage points compared with the last quarter. Non-operating income of the quarter was NT$ 601 million primarily from interest incomes, investment income under equity method and foreign exchange gains etc. Income tax for this quarter was NT$ 657 million. The Company had net profit of NT$ 2,749 million, with net margin of 22.1 percent, a 9.4 percentage points decrease compared with the previous quarter. Earnings per share (EPS) was NT$ 0.90 in the second quarter (the earnings per share calculations are based on weighted average outstanding shares of 3,040 million). 

In the first half of 2019, the company’s sales revenue was NT$ 23,813 million, 45.1 percent decreased compared with the same period last year. Gross profit was NT$ 8,980 million, gross Margin was 37.7 percent. Operating Income of first half was NT$ 5,825 million, operating margin was 24.5 percent. Net income attributable to Nanya Technology shareholders of NT$ 6,335 million, with net margin of 26.6 percent, EPS of NT$ 2.09 (EPS is based on weighted average outstanding shares of 3,037 million). Book value per share was NT$ 49.01 (after deduction of NT$ 7.11 cash dividend payable) at the second quarter end. All numbers are unaudited.

Cash dividend of NT$ 21.7 billion (NT$ 7.11 per common share) was scheduled to be distributed on July 26, 2019.

The company continue allocating 5~10% capacity to technology and product development activities to optimize product portfolio and product value enhancement.


Q2 2019 Consolidated Income Statement

* EBITDA = Operating income + Depreciation & Amortization Expenses

** EPS is based on weighted average outstanding shares of 3,040M

*** BVPS is calculated based on 3,052M outstanding shares after deduction of NT$ 7.11 cash dividend payable




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