2021/1/8

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

 

 

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.