2023/4/11

Nanya Technology Reports Results for the First Quarter 2023

April 11th, 2023 – Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the first quarter, ended March 31st, 2023. Nanya’s quarterly sales revenue was NT$ 6,425 million, a 19.2 percent decrease compared to that in the fourth quarter, 2022. In the first quarter of 2023, average selling prices (ASP) and bit shipment decreased by high single digits percent quarter over quarter respectively. The NTD appreciation had a negative impact of low-single digits on the revenue.

Gross loss of the quarter was NT$ 554 million; gross margin was -8.6 percent; a 21.6 percentage points decrease from that in the previous quarter. Operating loss of the quarter was NT$ 2,885 million; operating margin was -44.9 percent; a 25.5 percentage points decrease from that in the last quarter. Non-operating income of the quarter was NT$ 773 million. The Company had net loss of NT$ 1,685 million, with net margin of -26.2 percent. Earnings per share (EPS) was NT$ -0.54 in the first quarter (based on weighted average outstanding shares of 3,098 million). Book value per share was NT$ 55.62 at the quarter end (after deduction of NT$ 2.13 cash dividend payable). All numbers are unaudited.

On February 22, 2023, The Company’s Board of Directors approved 2023 capital expenditure to be up to NT$18.5 billion for new FAB construction, 1A/1Bnm process technology mass production equipment and others. In addition, the Company’s board approved the distribution of cash dividend to shareholders of NT$ 2.13 per share approximately, amounted to NT$ 6.6 billion, and will be reported to the AGM scheduled on May 24th, 2023.

Q1 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