April 11th, 2022 – Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the first quarter, ended March 31st, 2022. Nanya’s quarterly sales revenue was NT$ 19,946 million, a 6.8 percent decrease compared to the fourth quarter, 2021. In the first quarter of 2022, average selling prices (ASP) decreased by mid-single digits percent, bit shipment decreased by 1 percent quarter over quarter. The depreciated NTD had a positive impact on revenue by 0.5 percent.
Gross profit of the quarter was NT$ 8,750 million; gross margin was 43.9 percent; a 5.5 percentage points decrease from that in the previous quarter. Operating income of the quarter was NT$ 6,262 million; operating margin was 31.4 percent; a 6.1 percentage points decrease from that in the last quarter. Non-operating income of the quarter was NT$ 1,766 million. Income tax for this quarter was NT$ 1,478 million. The Company had net profit of NT$ 6,550 million, with net margin of 32.8 percent. Earnings per share (EPS) was NT$ 2.11 in the first quarter (based on weighted average outstanding shares of 3,097 million). Book value per share was NT$ 58.45 at the quarter end. All numbers are unaudited.
The capital expenditure plan for 2022 will be up to NT$28.4 billion which includes 10nm-class volume production, new fab and R&D etc. Nanya Technology’s Board of Directors approved distribution of cash dividend to shareholders of NT$ 3.7 per share approximately, amounted to NT$ 11.47 billion, and will be proposed to the AGM for approval scheduled on May 26th, 2022.
* EBITDA = Operating income + Depreciation & Amortization Expenses
** EPS is based on weighted average outstanding shares of 3,097million
*** BVPS is calculated based on 3,097million outstanding shares
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.