Earnings per ordinary share for the quarter was NT$1.29. Earnings per ADS was US$0.200. The basic weighted average number of shares outstanding in 3Q23 was 12,371,129,866, compared with 12,348,986,144 shares in 2Q23 and 12,305,516,644 shares in 3Q22. The diluted weighted average number of shares outstanding was 12,566,773,628 in 3Q23, compared with 12,526,182,161 shares in 2Q23 and 12,635,661,561 shares in 3Q22. The fully diluted shares counted on September 30, 2023 were approximately 12,609,732,000.
Detailed Financials Section
Operating revenues grew slightly to NT$57.07 billion. COGS increased 1.6% to NT$36.61 billion. Gross profit grew 1.0% QoQ to NT$20.46 billion partly due to a better product mix. Operating expenses remained flat at NT$5.72 billion, as Sales & Marketing and G&A increased 2.7% and 0.9% respectively, while R&D declined 1.9% sequentially to NT$3.26 billion, representing 5.7% of revenue. Net other operating income was NT$573 million. In 3Q23, operating income decreased 2.3% QoQ to NT$15.31 billion.
COGS & Expenses |
|||||||||
(Amount: NT$ million) |
3Q23 |
2Q23 |
QoQ %
|
3Q22 |
YoY %
|
||||
Operating Revenues |
57,069 |
56,296 |
1.4 |
75,392 |
(24.3) |
||||
COGS |
(36,608) |
(36,044) |
1.6 |
(39,728) |
(7.9) |
||||
Depreciation |
(8,485) |
(8,467) |
0.2 |
(9,622) |
(11.8) |
||||
Other Mfg. Costs |
(28,123) |
(27,577) |
2.0 |
(30,106) |
(6.6) |
||||
Gross Profit |
20,461 |
20,252 |
1.0 |
35,664 |
(42.6) |
||||
Gross Margin (%) |
35.9% |
36.0% |
|
47.3% |
|
||||
Operating Expenses |
(5,722) |
(5,718) |
0.1 |
(6,794) |
(15.8) |
||||
Sales & Marketing |
(735) |
(716) |
2.7 |
(1,061) |
(30.7) |
||||
G&A |
(1,731) |
(1,715) |
0.9 |
(2,428) |
(28.8) |
||||
R&D |
(3,255) |
(3,317) |
(1.9) |
(3,304) |
(1.5) |
||||
Expected Credit Impairment gain (loss) |
(1) |
30 |
- |
(1) |
129.2 |
||||
| Net Other Operating Income & Expenses |
573 |
1,141 |
(49.8) |
1,287 |
(55.5) |
||||
| Operating Income |
15,312 |
15,675 |
(2.3) |
30,157 |
(49.2) |
||||
