Earnings per ordinary share for the quarter was NT$0.84. Earnings per ADS was US$0.131. The basic weighted average number of shares outstanding in 1Q24 was 12,414,087,724, compared with 12,414,087,724 shares in 4Q23 and 12,348,880,384 shares in 1Q23. The diluted weighted average number of shares outstanding was 12,577,525,057 in 1Q24, compared with 12,589,138,701 shares in 4Q23 and 12,597,236,266 shares in 1Q23. The fully diluted shares counted on March 31, 2024 were approximately 12,577,525,000.
Detailed Financials Section
Operating revenues decreased to NT$54.63 billion. COGS grew 1.6% to NT$37.73 billion, which included 3.7% increase in depreciation. Gross profit fell 5.1% QoQ to NT$16.90 billion. Operating expenses declined to NT$5.75 billion, as Sales & Marketing fell 16.9% to NT$0.68 billion, R&D decreased 13.6% to NT$3.41 billion or 6.2% of revenue, and G&A also declined 11.8% to NT$1.70 billion. Net other operating income was NT$0.51 billion. In 1Q24, operating income declined 6.1% QoQ to NT$11.67 billion.
COGS & Expenses |
|||||||||||||||
(Amount: NT$ million) |
1Q24 |
4Q23 |
QoQ %
|
1Q23 |
YoY %
|
||||||||||
Operating Revenues |
54,632 |
|
54,958 |
|
(0.6 |
) |
54,209 |
|
0.8 |
|
|||||
COGS |
(37,733 |
) |
(37,152 |
) |
1.6 |
|
(34,985 |
) |
7.9 |
|
|||||
Depreciation |
(9,335 |
) |
(9,006 |
) |
3.7 |
|
(8,439 |
) |
10.6 |
|
|||||
Other Mfg. Costs |
(28,398 |
) |
(28,146 |
) |
0.9 |
|
(26,546 |
) |
7.0 |
|
|||||
Gross Profit |
16,899 |
|
17,806 |
|
(5.1 |
) |
19,224 |
|
(12.1 |
) |
|||||
Gross Margin (%) |
30.9 |
% |
32.4 |
% |
|
35.5 |
% |
|
|||||||
| Operating Expenses |
(5,747 |
) |
(6,635 |
) |
(13.4 |
) |
(5,780 |
) |
(0.6 |
) |
|||||
| Sales & Marketing |
(684 |
) |
(823 |
) |
(16.9 |
) |
(950 |
) |
(28.0 |
) |
|||||
| G&A |
(1,702 |
) |
(1,930 |
) |
(11.8 |
) |
(2,102 |
) |
(19.0 |
) |
|||||
| R&D |
(3,407 |
) |
(3,945 |
) |
(13.6 |
) |
(2,767 |
) |
23.2 |
|
|||||
| Expected credit impairment gain |
46 |
|
63 |
|
(27.9 |
) |
39 |
|
18.0 |
|
|||||
| Net Other Operating Income & Expenses |
513 |
|
1,252 |
|
(59.0 |
) |
1,037 |
|
(50.5 |
) |
|||||
| Operating Income |
11,665 |
|
12,423 |
|
(6.1 |
) |
14,481 |
|
(19.4 |
) |
|||||
