2023/7/10

Nanya Technology Reports Results for the Second Quarter 2023

July 10th, 2023 – Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the second quarter, ended June 30, 2023. Nanya's quarterly sales revenue was NT$ 7,027 million, a 9.4 percent increase compared to that in the first quarter of 2023. In the second quarter of 2023, average selling prices (ASP) decreased by mid-single digits percent and bit shipment increased by mid-teens percent quarter over quarter.

Gross loss of the quarter was NT$ 788 million; gross margin was -11.2 percent; a 2.6 percentage points decrease from that in the previous quarter. Operating loss of the quarter was NT$ 3,185 million; operating margin was -45.3 percent; a 0.4 percentage points decrease from that in the last quarter. Non-operating income of the quarter was NT$ 1,264 million. The Company had net loss of NT$ 771 million, with net margin of -11.0 percent. Earnings per share (EPS) was NT$ -0.25 in the second quarter (based on weighted average outstanding shares of 3,098 million). Book value per share was NT$ 55.72 at the quarter end. All numbers are unaudited.

Nanya Technology's second-generation 10nm-class lead product and third-generation 10nm-class test product are in pilot production according to the original schedule. In response to weaker market, The Company's capital expenditure plan in 2023 is reduced from NT$18.5 billion to NT$15 billion, a decrease of 28 percent from last year, of which expenditure on wafer fab equipment accounts for approximately 50%.

Q2 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