April 9th, 2021 – Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the first quarter, ended March 31st, 2021. Nanya’s quarterly sales revenue was NT$ 17,731 million, a 20.0 percent increase compared to the fourth quarter, 2020. In the first quarter of 2021, bit shipment increased by mid-single digits percent quarter over quarter, average selling prices (ASP) increased by mid-teens percent. A stronger NTD has had a negative impact on revenue by 1.5 percent.
Gross profit of the quarter was NT$ 5,162 million; gross margin was 29.1 percent; a 7.1 percentage points increase from that in the previous quarter. Operating income of the quarter was NT$ 3,027 million; operating margin was 17.1 percent; an 8.3 percentage points increase from that in the last quarter. Non-operating income of the quarter was NT$ 307 million. Income tax for this quarter was NT$ 630 million. The Company had net profit of NT$ 2,705 million, with net margin of 15.3 percent. Earnings per share (EPS) was NT$ 0.88 in the first quarter (based on weighted average outstanding shares of 3,081 million). Book value per share was NT$ 51.0 at the end of the quarter. All numbers are unaudited.
2021 capital expenditure is budgeted up to NT$ 15.6 billion, including the expenditures for 10nm-class process technology, research and development, and regular maintenance, etc.; annual bit shipment is expected to be flat to marginally increase year over year.
Nanya Technology’s first generation 10nm class 8Gb DDR4 product is scheduled for sampling in the second half of 2021; and DDR5 product design and development is ongoing. Meanwhile, the company is targeting to pilot its second generation 10nm class product in the third quarter of this year.
* EBITDA = Operating income + Depreciation & Amortization Expenses
** EPS is based on weighted average outstanding shares of 3,081million
*** BVPS is calculated based on 3,085million outstanding shares
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