- Revenue Increases 18.2% Compared to 1Q23
- Gross Margin Increases 490 Basis Points from 1Q23 to
17.3%
- Overall Utilization Rate Increased to 60% from 52% in
1Q23
- Net Earnings Increase to NT$0.86 or US$0.03 per Basic Common Share or US$0.56 per Basic ADS, 207% Growth Compared to
1Q23
- Strong Financial Position and Liquidity
with NT$12,293.1 Million or US$394.8
Million Balance of Cash and Cash Equivalents
- Distributed Cash Dividend of NT$2.3 Per Common Share on
July 20, 2023 and US$1.477 Per ADS on July
27, 2023
HSINCHU, Aug. 3, 2023
/PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC.
("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and
NASDAQ: IMOS), an industry leading provider of outsourced
semiconductor assembly and test services ("OSAT"), today reported
consolidated financial results for the second quarter ended
June 30, 2023. All U.S. dollar
figures cited in this press release are based on the exchange rate
of NT$31.14 against US$1.00 as of June 30,
2023.
All the figures were prepared in accordance with
Taiwan-International Financial Reporting Standards
("Taiwan-IFRS").
Revenue for the second quarter of 2023 was NT$5,444.1 million or US$174.8 million, an increase of 18.2% from
NT$4,605.1 million or US$147.9 million in the first quarter of 2023 and
a decrease of 20.5% from NT$6,851.7
million or US$220.0 million
for the same period in 2022. Revenue growth in the second quarter
of 2023 was led by improvements in the Company's memory and LCD
driver businesses, which drove an increase in its overall
utilization rate to 60% from 52% in the first quarter of 2023.
Net non-operating income in the second quarter of 2023 was
NT$222.4 million or US$7.1 million, compared to NT$43.5 million or US$1.4
million in the first quarter of 2023, and NT$308.9 million or US$9.9
million in the second quarter of 2022. The second quarter of
2023 improvement reflects the benefit of positive foreign exchange
impact of NT$194 million or
US$6.2 million from the foreign
exchange losses of NT$44 million or
US$1.4 million in the first quarter
of 2023 to the foreign exchange gains of NT$150 million or US$4.8
million in the second quarter of 2023. This was partially
offset by a decrease in the gain on valuation of financial assets
at fair value through profit or loss of NT$21 million or US$0.7
million. The difference between the second quarter of 2022
is mainly due to a decrease of share of profit of associates
accounted for using equity method of NT$94
million or US$3.0 million, a
lower foreign exchange gains of NT$75
million or US$2.4 million. It
was partially offset by the positive valuation of financial
assets at fair value through profit or loss impact of NT$56 million or US$1.8
million from loss on valuation of financial assets at fair
value through profit or loss of NT$52
million or US$1.7 million in
the second quarter of 2022 to gain on valuation of financial assets
at fair value through profit or loss of NT$4
million or US$0.1 million in
the second quarter of 2023 and the decrease of net interest expense
of NT$16 million or US$0.5 million.
Net profit attributable to equity holders of the Company for the
second quarter of 2023 was NT$628.5
million or US$20.2 million,
and NT$0.86 or US$0.03 per basic common share, as compared to
NT$202.4 million or US$6.5 million, and NT$0.28 or US$0.01
per basic common share in the first quarter of 2023. This compares
to NT$1,320.6 million or US$42.4
million, and NT$1.82 or
US$0.06 per basic common share in the
second quarter of 2022. Net earnings for the second quarter of 2023
were US$0.56 per basic ADS, compared
to US$0.18 per basic ADS for the
first quarter of 2023 and US$1.17 per
basic ADS in the second quarter of 2022.
Free cash flow for the first half of 2023 was NT$1,950.0 million or US$62.6 million, with a balance of cash and cash
equivalents was NT$12,293.1 million
or US$394.8 million.
Second Quarter 2023 Investor Conference Call / Webcast
Details
Date: Thursday, August 3, 2023
Time: 3:00PM Taiwan (3:00AM New
York)
Dial-In: +886-2-33961191
Password: 9514003 #
Webcast and Replay:
https://www.chipmos.com/chinese/ir/info2.aspx
Replay Starting 2 Hours After Live Call Ends
Language: Mandarin
Note: A transcript will be provided on the Company's
website in English following the conference call to help ensure
transparency, and to facilitate a better understanding of the
Company's financial results and operating environment.
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan
Stock Exchange: 8150 and NASDAQ: IMOS) (www.chipmos.com) is an
industry leading provider of outsourced semiconductor assembly and
test services. With advanced facilities in Hsinchu Science Park,
Hsinchu Industrial Park and Southern Taiwan Science Park in
Taiwan, ChipMOS is known for its
track record of excellence and history of innovation. The Company
provides end-to-end assembly and test services to leading fabless
semiconductor companies, integrated device manufacturers and
independent semiconductor foundries serving virtually all end
markets worldwide.
Forward-Looking Statements
This press release may contain certain forward-looking
statements. These forward-looking statements may be identified by
words such as 'believes,' 'expects,' 'anticipates,' 'projects,'
'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar
expressions or by discussion of, among other things, strategies,
goals, plans or intentions. These statements may include financial
projections and estimates and their underlying assumptions,
statements regarding plans, objectives and expectations with
respect to future operations, products and services, and statements
regarding future performance. Actual results may differ materially
in the future from those reflected in forward-looking statements
contained in this document, due to various factors. Further
information regarding these risks, uncertainties and other factors
are included in the Company's most recent Annual Report on Form
20-F filed with the U.S. Securities and Exchange Commission (the
"SEC") and in the Company's other filings with the SEC.
Contacts:
In Taiwan
Jesse Huang
ChipMOS TECHNOLOGIES
INC.
+886-6-5052388 ext.
7715
IR@chipmos.com
|
In the U.S.
David
Pasquale
Global IR
Partners
+1-914-337-8801
dpasquale@globalirpartners.com
|
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SOURCE ChipMOS TECHNOLOGIES INC.