2023/10/11

Nanya Technology Reports Results for the Third Quarter 2023

October 11th, 2023 – Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the third quarter, ended September 30, 2023. Nanya’s quarterly sales revenue was NT$ 7,736 million, a 10.1 percent increase compared to that in the second quarter of 2023. In the third quarter of 2023, average selling prices (ASP) decreased by high-single digit percent and bit shipment increased by high-teens percent quarter over quarter.

Gross loss of the quarter was NT$ 1,953 million; gross margin was -25.2 percent; a 14.0 percentage points decrease from that in the previous quarter. Operating loss of the quarter was NT$ 4,340 million; operating margin was -56.1 percent; a 10.8 percentage points decrease from that in the last quarter. Non-operating income of the quarter was NT$ 1,198 million. The Company had net loss of NT$ 2,505 million, with net margin of -32.4 percent. Earnings per share (EPS) was NT$ -0.81 in the third quarter (based on weighted average outstanding shares of 3,098 million). Book value per share was NT$ 55.52 at the quarter end. All numbers are unaudited.

In 4Q’23, the Company’s production output will be dynamically reduced by up to 20%. The second-generation of 10nm-class 16Gb DDR5 product is in pilot production as scheduled. The Company’s inventory has started to decrease, and overall demand is gradually improving.

Q3 2023 Consolidated Income Statement

* EBITDA = Operating income + Depreciation & Amortization Expenses

** EPS is based on weighted average outstanding shares of 3,098 million

*** BVPS is calculated based on 3,098 million outstanding shares