2024/4/10

Nanya Technology Reports Results for the First Quarter 2024

April 10^th, 2024 – Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the first quarter, ended March 31, 2024. Nanya's quarterly sales revenue was NT$ 9,503 million, a 9.2 percent increase compared to that in the fourth quarter of 2023. In the first quarter of 2024, average selling prices (ASP) increased by high-single digit percent and bit shipment increased by low-single digit percent quarter over quarter.

Gross loss of the quarter was NT$ 277 million; gross margin was -2.9 percent; a 10.7 percentage points improvement from that in the previous quarter. Operating loss of the quarter was NT$ 2,918 million; operating margin was -30.7 percent; a 15.8 percentage points improvement from that in the last quarter. Non-operating income of the quarter was NT$ 1,375 million. The Company had net loss of NT$ 1,209 million, with net margin of -12.7 percent. Earnings per share (EPS) was NT$ -0.39 in the first quarter (based on weighted average outstanding shares of 3,098 million). Book value per share was NT$ 54.16 at the quarter end. All numbers are unaudited.

DRAM market recovery expected to continue in 2024. Nanya's second generation of 10nm-class (1B) products 8Gb DDR4 and 16Gb DDR5 expected to enter mass production in the second half of 2024. In the first quarter of 2024, the Company achieved 'A' results in CDP's water security and climate change. It was also selected as the Top 100 Innovator by Clarivate again and received the National Quality Management Award by the Ministry of Economic Affairs, Taiwan.

Q1 2024 Consolidated Income Statement

* EBITDA = Operating income + Depreciation & Amortization Expenses

** Idle cost included

*** EPS is based on weighted average outstanding shares of 3,098 million

**** BVPS is calculated based on 3,099 million outstanding shares