Nanya Technology Reports Results for the Fourth Quarter 2020

January 8th, 2021 – Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the fourth quarter, ended December 31st, 2020. Nanya’s quarterly sales revenue was NT$ 14,773 million, a 3.6 percent decrease compared to the third quarter, 2020. In the fourth quarter of 2020, bit shipment increased by low-single digits percent quarter over quarter, whereas average selling prices (ASP) decreased by mid-single digits percent. A stronger NTD has had a negative impact on revenue by 2.3 percent. 

Gross profit of the quarter was NT$ 3,251 million; gross margin was 22.0 percent; a 3.8 percentage points decrease from that in the previous quarter. Operating Income of the quarter was NT$ 1,304 million; operating margin was 8.8 percent; a 4.7 percentage points decrease from that in the last quarter. Non-operating expense of the quarter was NT$ 184 million, mainly due to foreign exchange loss. Income tax for this quarter was NT$ 209 million. The Company had net profit of NT$ 911 million, with net margin of 6.2 percent. Earnings per share (EPS) was NT$ 0.30 in the fourth quarter (based on weighted average outstanding shares of 3,074 million)

For the calendar year 2020, sales revenue was NT$ 61,006 million, gross profit of the year was NT$15,692 million; gross margin was 25.7 percent. Operating income was NT$ 8,435 million; operating margin was 13.8 percent. The net income was NT$ 7, 672 million, with net margin of 12.6 percent, ESP was NT$ 2.5 (the earnings per share calculations are based on weighted average outstanding shares of 3, 065 million). Book value per share was NT$ 50.02 at the end of the year. All numbers are unaudited.

2020 Capital expenditure was NT$ 8,470 million; annual bit shipment increased by mid-thirties percent year over year.

Nanya Technology’s 10-nm class first generation is under piloting; the second generation is piloting before the end of 2021.


Q4 2020 Consolidated Income Statement

* EBITDA = Operating income + Depreciation & Amortization Expenses

** EPS is based on weighted average outstanding shares of 3,074million

*** BVPS is calculated based on 3,075million outstanding shares


2020 Consolidated Income Statement




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