Revenue Performance - Total revenue for the three months ended March 31, 2022, was approximately NT$236.69 million, a decrease from NT$413.74 million in the same period of 2021[7] - Revenue from turnkey solutions was approximately NT$91.21 million, down from NT$287.99 million year-on-year, accounting for 38.54% of total revenue[8] - Revenue from the sale of second-hand semiconductor manufacturing equipment and parts was approximately NT$145.48 million, an increase of about 15.69% from NT$125.75 million in the same period of 2021, representing 61.46% of total revenue[11] - Local business revenue in Taiwan was approximately NT$180.28 million, down from NT$241.98 million year-on-year, accounting for 76.17% of total revenue[12] - Revenue for 2022 was NT$236,688,000, a decrease of 42.7% compared to NT$413,740,000 in 2021[43] - Revenue from providing integrated solutions in Q1 2022 was NT$91,207,000, down 68.3% from NT$287,988,000 in Q1 2021[57] - Revenue from trading second-hand semiconductor manufacturing equipment and parts in Q1 2022 was NT$145,481,000, an increase of 15.7% from NT$125,752,000 in Q1 2021[57] - Revenue from Taiwan in Q1 2022 was NT$180,275,000, a decrease of 25.5% compared to NT$241,978,000 in Q1 2021[60] Market Overview - The global semiconductor industry sales reached US$52.5 billion in February 2022, a year-on-year increase of 32.4%[6] - The global semiconductor market is projected to reach US$601.5 billion in 2022, reflecting an 8.8% growth compared to 2021[6] - The global semiconductor market is expected to reach a value of US$680.6 billion in 2022, representing an 11% increase from the previous year[14] - According to WSTS, the global semiconductor market value is projected to reach US$601.5 billion in 2022, an increase of 8.8% compared to 2021[14] - Taiwan's semiconductor industry is expected to grow by 17.7% in 2022, reaching NT$480.62 billion, setting a new historical record[6] - Taiwan's semiconductor industry output is expected to exceed NT$4.8 trillion in 2022, reflecting a growth of 17.7% year-on-year[14] - Global semiconductor equipment investment is projected to reach US$107 billion in 2022, an 18% increase from the previous year, marking a historical high for three consecutive years[16] - Taiwan's investment in semiconductor equipment is estimated at approximately US$35 billion, a 56% increase from the previous year, ranking first globally[16] Financial Performance - The group's gross profit for the review period was approximately NT$761.3 million, compared to NT$988.2 million in the same period of 2021, with an overall gross margin of 32.16%, up from 23.88% in 2021[13] - The total comprehensive income attributable to owners for the three months ended March 31, 2022, was approximately NT$228.4 million, down from NT$307.6 million in the same period of 2021, with basic earnings per share of NT$2.37 compared to NT$3.12 in 2021[13] - Gross profit for 2022 was NT$76,125,000, down 23.0% from NT$98,821,000 in 2021[43] - Net profit attributable to owners for 2022 was NT$23,675,000, a decline of 24.3% from NT$31,212,000 in 2021[43] - Total comprehensive income for 2022 was NT$22,843,000, compared to NT$30,763,000 in 2021, reflecting a decrease of 25.8%[43] - For the first quarter of 2022, the company reported a net profit attributable to shareholders of NT$23,675,000, a decrease of 24.5% from NT$31,212,000 in the same period of 2021[68] - The basic earnings per share for the first quarter of 2022 was NT$2.37, down from NT$3.12 in the first quarter of 2021, reflecting a decline of 24.2%[68] Cost Management and Expenses - Total expenses for the first quarter of 2022 amounted to NT$205,057,000, a significant reduction of 44.5% compared to NT$369,662,000 in the same quarter of 2021[63] - Research expenses for the first quarter of 2022 were NT$232,000, down 29.7% from NT$330,000 in the same period of 2021[63] - The company incurred employee benefits expenses of NT$61,338,000, a decrease of 9.5% from NT$67,445,000 in the first quarter of 2021[63] - The company plans to continue focusing on cost reduction strategies to improve profitability in future quarters[68] Corporate Governance and Compliance - The board of directors does not recommend the payment of dividends for the three months ended March 31, 2022[18] - The company reported unaudited consolidated comprehensive income for the three months ended March 31, 2022[38] - The audit committee, consisting of independent non-executive directors, oversees the integrity of the company's financial statements[37] - The company has adopted the corporate governance code as per GEM listing rules, with a noted deviation regarding the roles of chairman and CEO[33] - The company has established written guidelines for employees regarding securities trading to ensure compliance with regulations[32] - The company and its subsidiaries did not purchase, sell, or redeem any of its listed shares from January 1 to March 31, 2022[40] - The board of directors confirmed compliance with trading regulations from January 1 to March 31, 2022[32] - The company has not entered into any significant transactions or arrangements involving directors' interests from the listing date to March 31, 2022[30] - The company has not disclosed any other interests in competing businesses by directors or major shareholders[29] Strategic Initiatives - The company aims to enhance its core competitiveness by actively seizing development opportunities in response to market changes[6] - The company plans to strengthen relationships with existing international clients to increase revenue from regions outside Taiwan[12] - The company aims to enhance its innovation and R&D capabilities to strengthen its core competitiveness and create long-term shareholder value[17] - The company will closely monitor market changes and respond swiftly to seize development opportunities[17] - The company has not reported any significant new product developments or market expansions during the period[48] Shareholder Information - As of March 31, 2022, major shareholders include Mr. Yang with approximately 27.6% ownership[27] - No share options have been granted under the share option scheme since its adoption on June 20, 2017[39] - The company did not report any potential dilutive ordinary shares, resulting in diluted earnings per share being the same as basic earnings per share[69] - The company’s auditor fees for audit services were NT$2,432,000, a minor decrease from NT$2,445,000 in the previous year[63]

Financial Performance - The company reported total revenue of approximately NT$1,497.33 million for the year ended December 31, 2021[8]. - The comprehensive income attributable to the company's owners was approximately NT$74.65 million[8]. - The basic earnings per share were NT$0.0794[8]. - In 2021, the company's total revenue was approximately NT$1,497.33 million, a slight decrease from NT$1,497.83 million in 2020[12]. - The company reported a net profit attributable to shareholders of approximately NT$74.65 million, down from NT$143.81 million in 2020, with basic earnings per share of NT$7.94 compared to NT$14.42 in 2020[18]. - Revenue from integrated solutions was approximately NT$874.83 million, accounting for about 58.43% of total revenue, down from NT$992.06 million in 2020[13]. - Revenue from the sale of second-hand semiconductor manufacturing equipment and parts was approximately NT$622.50 million, an increase of about 23.08% from NT$505.77 million in 2020, representing about 41.57% of total revenue[16]. - The gross profit for the year was approximately NT$342.17 million, with a gross margin of about 22.85%, down from 26.70% in 2020 due to supply chain delays caused by the pandemic[17]. - The company reported a reserve available for distribution to shareholders of approximately NT$51.91 million as of December 31, 2021, compared to NT$35.78 million in 2020, representing an increase of about 45.0%[57]. Semiconductor Market Overview - In 2021, the global semiconductor market reached a value of $613 billion, representing a year-on-year increase of 26%[7]. - Global semiconductor sales in 2021 reached a record of $555.9 billion, with a year-on-year growth of 26.2%[10]. - The semiconductor supply-demand imbalance is expected to ease by 2022, with a forecasted global semiconductor revenue of $680.6 billion, a year-on-year increase of 11%[7]. - Taiwan's semiconductor industry value reached NT$4.08 trillion in 2021, with an expected growth of 17.7% in 2022[7]. - The global semiconductor manufacturing equipment sales are projected to reach a new high of $114 billion in 2022[8]. Company Strategy and Operations - The company aims to enhance its R&D capabilities to strengthen its core competitiveness and create long-term shareholder value[8]. - The company will closely monitor market changes and respond swiftly to seize development opportunities[8]. - The company plans to closely monitor market changes and actively seize development opportunities, enhancing innovation and R&D capabilities to create long-term shareholder value[21]. Employee and Management Information - The group employed approximately 257 full-time employees as of December 31, 2021, a decrease from 266 employees in 2020[31]. - Employee costs amounted to TWD 262.23 million in 2021, up from TWD 233.37 million in 2020, reflecting a year-on-year increase of approximately 12.7%[98]. - The company continues to review employee compensation annually to maintain competitiveness in the labor market[31]. - The management team includes experienced executives with backgrounds in finance, engineering, and operations, contributing to strategic development[34][35][36][38]. Corporate Governance - The company has adopted the corporate governance code principles and rules as per the GEM Listing Rules, effective as of December 31, 2021[106]. - The board consists of seven members, including four executive directors and three independent non-executive directors[112]. - The board held six meetings during the year, ensuring active participation from most directors either in person or via electronic communication[118]. - The company has established written guidelines for employees regarding securities trading, ensuring compliance with the trading regulations[109]. - The independent non-executive directors confirmed their independence annually, and the company believes all are independent individuals[120]. Environmental and Social Responsibility - The company has a strong commitment to environmental policies and aims to minimize negative impacts from its business activities[49]. - The company emphasizes the importance of sustainable development for long-term business success, focusing on integrity, performance, and customer-centricity[178]. - The company has implemented internal guidelines for environmental management and maintains a zero-tolerance policy for violations of local laws[185]. - The company encourages employees to use public transportation and choose vehicles with higher emission standards to reduce air pollution[186]. - The total greenhouse gas emissions for the year ended December 31, 2021, amounted to 616.22 tons of CO2 equivalent, an increase of 12.3% from 548.39 tons in 2020[196]. Shareholder Information - The company has a dividend policy in place, which allows the board to declare dividends based on various factors including financial performance and cash flow[176]. - The company has established a shareholder communication policy to ensure effective handling of shareholder concerns and feedback[176]. - Shareholders holding at least 10% of the voting rights can request a special general meeting to address specified matters[169].

Financial Performance - For the nine months ended September 30, 2021, the total revenue of the group was approximately NT$1,190.30 million, a slight increase from NT$1,188.60 million in the same period of 2020[8]. - The gross profit for the period was approximately NT$276.43 million, with a gross margin of about 23.22%, down from 25.44% in the same period of 2020 due to supply chain delays[12]. - The group’s net profit attributable to owners was approximately NT$80.99 million, compared to NT$116.98 million in the same period of 2020, with basic earnings per share of NT$0.081[13]. - The total comprehensive income for the nine months ended September 30, 2021, was NT$80,989 thousand, compared to NT$116,976 thousand in the same period of 2020, reflecting a decrease of 30.7%[50]. - Basic and diluted earnings per share for the nine months ended September 30, 2021, were NT$8.10, down from NT$11.37 in the previous year[50]. - The company reported a net profit attributable to owners of the company of NT$80,961,000 for the nine months ended September 30, 2021, down 28.8% from NT$113,734,000 in 2020[69]. - Basic earnings per share for the nine months ended September 30, 2021, was NT$8.10, compared to NT$11.37 for the same period in 2020, reflecting a decrease of 28.9%[70]. Revenue Breakdown - Revenue from the integrated solutions segment was approximately NT$771.40 million, accounting for about 64.81% of total revenue, compared to NT$834.34 million in the same period of 2020[9]. - Revenue from the sale of semiconductor manufacturing equipment and parts increased by approximately 18.25% to NT$418.90 million, representing about 35.19% of total revenue[10]. - The local business revenue in Taiwan accounted for approximately 55.63% of the group’s total revenue[12]. - Revenue from Taiwan for the nine months ended September 30, 2021, was NT$662,201,000, a decrease of 8.2% compared to NT$721,702,000 in the same period of 2020[64]. - Major customers contributing over 10% of total revenue included Customer A with NT$185,692,000 and Customer B with NT$167,844,000 for the nine months ended September 30, 2021[66]. Market Trends - The global semiconductor market is expected to reach a value of USD 551 billion in 2021, representing a year-on-year growth of 25.1%[7]. - The semiconductor supply-demand imbalance is anticipated to persist until 2023, with certain product shortages expected to continue[7]. - In July 2021, North American semiconductor equipment manufacturers shipped $3.86 billion, a 4.5% increase from June 2021 and a 49.8% increase year-over-year from July 2020[14]. - In August 2021, global semiconductor sales reached a record high of $47.2 billion, reflecting a year-over-year growth of 29.7% and a 3.3% increase from July 2021[14]. - Gartner has revised the global semiconductor market value for 2021 to $570.8 billion, representing a growth rate of 22.4%, with expectations to exceed $600 billion in 2022[14]. - Taiwan's semiconductor industry is projected to reach NT$4.02 trillion in 2021, a 24.7% increase compared to 2020[14]. Company Strategy and Operations - The group aims to enhance its core competitiveness by investing in product research and development and technology upgrades[7]. - The company plans to closely monitor market changes and enhance innovation and R&D capabilities to create long-term shareholder value[16]. - Research expenses for the nine months ended September 30, 2021, were NT$1,059,000, an increase of 26.4% compared to NT$838,000 in 2020[67]. Financial Position - The company's total borrowings as of September 30, 2021, were approximately NT$6.3675 billion, down from NT$7.3912 billion as of December 31, 2020[17]. - The company's debt-to-equity ratio as of September 30, 2021, was approximately 58.06%, a significant decrease from 83.49% as of December 31, 2020[17]. - The company’s total equity as of September 30, 2021, was NT$851,041 thousand, an increase from NT$743,214 thousand as of September 30, 2020[53]. Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, with a noted deviation regarding the separation of roles between the chairman and CEO[40]. - The CEO, Mr. Yang, also serves as the chairman, which the board believes enhances consistent leadership and effective strategic planning[40]. - The company has confirmed compliance with trading regulations for directors from January 1, 2021, to September 30, 2021[39]. - The company has established written guidelines for employees regarding securities trading to ensure compliance with undisclosed price-sensitive information[39]. Shareholder Information - As of September 30, 2021, major shareholder Jia Jian Development Limited holds 374,625,000 shares, representing approximately 37.46% of total shares[31]. - Ever Wealth Holdings Limited owns 81,150,000 shares, accounting for 8.11% of total shares[31]. - The total shares held by the group of concerted actions, including Tai Yi Investment Co., Ltd. and others, amount to 682,050,000 shares, which is 68.20% of total shares[31]. - The company has not entered into any arrangements that would allow directors or senior management to hold any interests in the company's shares or related securities as of September 30, 2021[33]. - No significant transactions or contracts involving directors or their related entities were established between January 1, 2021, and September 30, 2021[37]. Dividend Policy - The board of directors did not recommend any dividends for the nine months ended September 30, 2021[26]. - The company did not grant any stock options under the stock option plan since its adoption on June 20, 2017[46]. - The company did not recommend any dividend payment for the nine months ended September 30, 2021, consistent with the previous year[72].

Financial Performance - For the six months ended June 30, 2021, the total revenue of the group was approximately NT$808.68 million, a decrease from NT$843.34 million in the same period of 2020[11]. - The group reported a total comprehensive income attributable to owners of approximately NT$46.58 million, down from NT$96.36 million in the same period of 2020[11]. - Basic earnings per share for the period were approximately NT$0.0467, compared to NT$0.0960 in the same period of 2020[11]. - Total revenue for the six months ended June 30, 2021, was approximately NT$808.68 million, a decrease of 4.12% from NT$843.34 million in the same period of 2020[16]. - Gross profit for the same period was approximately NT$181.50 million, resulting in a gross margin of 22.44%, down from 26.79% in 2020[16]. - The company's net comprehensive income attributable to owners for the six months ended June 30, 2021, was approximately NT$46.58 million, compared to NT$96.36 million in the same period of 2020[17]. - Net profit attributable to owners for the six months ended June 30, 2021, was NT$46.661 million, a decline of 51.3% from NT$95.980 million in 2020[53]. - The company reported a basic and diluted earnings per share of NT$4.67 for the six months ended June 30, 2021, compared to NT$9.60 in 2020, reflecting a 51.3% decrease[53]. - The company recorded a profit for the period of NT$46,661 thousand for the six months ended June 30, 2021, down from NT$95,980 thousand in the previous period, showing a decrease of about 51%[61]. - The company’s total comprehensive income for the period was NT$46,576 thousand, a decrease from NT$96,364 thousand in the previous period, reflecting the impact of market conditions on overall performance[61]. Revenue Breakdown - Revenue from the integrated solutions segment was approximately NT$558.31 million, accounting for about 69.04% of total revenue, down from NT$601.00 million in the same period of 2020[14]. - Revenue from the sale of semiconductor manufacturing equipment and parts was approximately NT$250.36 million, an increase from NT$242.34 million in the same period of 2020, accounting for about 30.96% of total revenue[15]. - Revenue from Singapore, South Korea, and Japan increased by 283.08% year-on-year, accounting for approximately 17.60% of total revenue[16]. - Revenue for the three months ended June 30, 2021, was NT$394,935,000, a decrease of 13.7% compared to NT$457,165,000 for the same period in 2020[81]. - Revenue from Taiwan for the three months ended June 30, 2021, was NT$161,510,000, a decline of 44.2% from NT$289,769,000 in 2020[83]. - Revenue from China increased to NT$160,760,000 for the three months ended June 30, 2021, up 15.8% from NT$138,804,000 in 2020[83]. Market Outlook - The global semiconductor market is expected to see a sales growth of 24% in 2021, surpassing US$500 billion for the first time[10]. - The average annual compound growth rate (CAGR) of the IC market from 2020 to 2025 is projected to be 10.7%[10]. - Taiwan's semiconductor industry total output value is expected to reach NT$3.8 trillion in 2021, with a growth rate of 18.1%[10]. - The semiconductor supply-demand tension is expected to continue throughout 2021, with some product shortages likely extending into 2022 or even 2023[9]. - The global semiconductor manufacturing equipment sales are expected to increase by 34% to $95.3 billion in 2021[20]. - The company plans to invest over NT$3 trillion in the semiconductor sector by 2025, indicating strong future growth opportunities[20]. Financial Position - Total assets as of June 30, 2021, were NT$2,459.382 million, slightly down from NT$2,462.524 million as of December 31, 2020[56]. - Total liabilities decreased to NT$1,642.754 million as of June 30, 2021, from NT$1,692.472 million as of December 31, 2020[58]. - The company’s total equity as of June 30, 2021, was NT$816,628 thousand, up from NT$770,052 thousand at the beginning of the year, indicating an increase of about 6%[61]. - The company’s debt-to-equity ratio improved to 63.78% as of June 30, 2021, down from 83.49% at the end of 2020[21]. - As of June 30, 2021, total bank borrowings were NT$670,240,000, down from NT$739,122,000 as of December 31, 2020[102]. Cash Flow and Investments - For the six months ended June 30, 2021, the company reported a net cash flow from operating activities of NT$136,262 thousand, a significant increase from NT$13,285 thousand in the same period of 2020, representing a growth of approximately 926%[64]. - The net cash and cash equivalents at the end of the period were NT$149,395 thousand, compared to NT$56,311 thousand at the same time last year, reflecting an increase of approximately 165%[64]. - The company’s cash flow from financing activities resulted in a net outflow of NT$80,816 thousand for the six months ended June 30, 2021, compared to a net outflow of NT$76,727 thousand in the same period of 2020[64]. - The company’s investment activities resulted in a net cash outflow of NT$2,174 thousand for the six months ended June 30, 2021, compared to NT$16,930 thousand in the same period of 2020, indicating a reduction in investment expenditures[64]. Shareholder Information - As of June 30, 2021, Mr. Yang holds 27,975,000 shares, representing approximately 2.79% of the total shares, and has a total beneficial interest of 682,050,000 shares, which is 68.20% when including concert party interests[31]. - Major shareholder Jia Jian Development Limited owns 374,625,000 shares, accounting for 37.46% of the total shares[33]. - Ever Wealth Holdings Limited holds 81,150,000 shares, representing 8.11% of the total shares[33]. - Planeta Investments Limited has a beneficial interest of 63,750,000 shares, which is 6.38% of the total shares[33]. - As of June 30, 2021, the total shares held by the concert party, including various stakeholders, amounts to 682,050,000 shares, equating to 68.20% of the total shares[33]. - The company has a significant concentration of ownership, with the top shareholders holding a combined total of 68.20% of the shares[33]. Management and Governance - The company has not granted any stock options under the stock option plan since its adoption on June 20, 2017[49]. - The company has not established any new arrangements for shareholding by directors or senior management during the reporting period[36]. - The report indicates that there are no arrangements made for directors or senior management to hold any interests in the company's shares or related securities during the specified period[36]. - The group has no related party transactions that require disclosure under GEM listing rules[110]. - Total compensation for key management personnel for the three months ended June 30, 2021, was NT$4,725 thousand, a decrease from NT$5,235 thousand in the same period of 2020[111]. - Total compensation for key management personnel for the six months ended June 30, 2021, was NT$9,460 thousand, down from NT$9,726 thousand in the same period of 2020[111].

Financial Performance - Total revenue for the first quarter of 2021 was approximately NT$413.74 million, an increase of about 7.14% compared to NT$386.18 million in the same period of 2020[9]. - The gross profit for the first quarter was approximately NT$98.82 million, with a gross margin of about 23.88%, down from 33.70% in the same period of 2020[14]. - The net profit attributable to the owners of the company was approximately NT$30.76 million, compared to NT$57.53 million in the same period of 2020[14]. - Basic earnings per share for the first quarter were approximately NT$3.12, down from NT$5.71 in the same period of 2020[14]. - The total comprehensive income for the period was NT$30,763,000, down from NT$57,525,000 in the first quarter of 2020[44]. - The company's profit attributable to owners for the period was NT$31,212,000, a decrease of 45.4% from NT$57,066,000 in the first quarter of 2020[44]. - Basic and diluted earnings per share for the first quarter of 2021 were NT$3.12, compared to NT$5.71 for the same period in 2020[44]. Revenue Breakdown - Revenue from the integrated solutions segment was approximately NT$287.99 million, accounting for about 69.61% of total revenue, compared to NT$283.41 million in the same period of 2020[10]. - Revenue from the sale of semiconductor manufacturing equipment and parts was approximately NT$125.75 million, representing a year-on-year increase of about 22.37% from NT$102.77 million[11]. - Revenue from local business in Taiwan accounted for approximately 58.49% of total revenue, while revenue from Singapore, South Korea, and Japan increased by 101.61% year-on-year, accounting for about 16.98% of total revenue[13]. - Revenue from providing integrated solutions was NT$287,988,000, while revenue from trading second-hand semiconductor manufacturing equipment and parts was NT$125,752,000[56]. - Revenue from major customers contributing over 10% of total revenue included Customer A at NT$93,218,000 (up 121% from NT$42,065,000), Customer B at NT$57,262,000 (up 130% from NT$24,889,000), Customer C at NT$50,858,000 (down 13% from NT$58,771,000), and Customer D at NT$41,047,000 (up 43% from NT$28,649,000)[60]. Market Overview - The global semiconductor industry sales reached US$39.6 billion in February 2021, a 14.7% increase from US$34.5 billion in February 2020[8]. - The semiconductor industry in Taiwan is expected to reach NT$3.33 trillion in 2021, representing a potential growth of 3.5% compared to 2020[8]. - The global semiconductor market is entering a high growth phase, driven by strong demand for 5G and high-performance computing (HPC) technologies, with a projected market size of $76 billion in 2021[15]. - North American semiconductor equipment shipments reached $3.27 billion in March 2021, a 4.2% increase from February 2021 and a 48.0% increase year-over-year[15]. - The global semiconductor sales are expected to reach $488.27 billion in 2021, marking a historical high with a year-over-year growth adjustment from 8.4% to 10.87%[15]. - Taiwan's semiconductor output is projected to reach NT$885.9 billion in Q1 2021, a 22% increase compared to the same period in 2020, with an annual forecast of NT$3.33 trillion, a 3.5% growth[15]. - The company anticipates new business opportunities arising from Taiwanese semiconductor investments exceeding NT$3 trillion by 2025[17]. Company Strategy and Governance - The company aims to enhance its core competitiveness and consolidate its market position by actively seizing development opportunities and investing in product research and technology upgrades[8]. - The company plans to enhance its R&D capabilities to support digital transformation, carbon reduction, and smart city initiatives, focusing on high-capacity, high-speed, and low-power semiconductor technologies[18]. - The company is closely monitoring market changes and will adopt proactive strategies to respond swiftly to market shifts[18]. - The company has adopted the corporate governance code as per GEM listing rules, with a noted deviation regarding the roles of the chairman and CEO[34]. - The audit committee, consisting of independent non-executive directors, is responsible for overseeing the integrity of the company's financial statements[38]. - The company has implemented sufficient checks and balances in its management structure despite the noted governance deviation[35]. Shareholder Information - The company holds a significant market share, with major shareholders collectively owning approximately 68.20% of the company's shares[21]. - Major shareholder Jia Jian Development Limited holds 374,625,000 shares, representing approximately 37.46% of total shares[24]. - Ever Wealth Holdings Limited owns 81,150,000 shares, accounting for about 8.11% of total shares[24]. - Total shares held by the concert party, including Tai Yi Investment Co., Ltd., amount to 682,050,000, which is 68.20% of total shares[24]. - The company has not established any arrangements for directors or their close associates to hold any interests in shares or related securities as of March 31, 2021[27]. - The company has a total of 570,750,000 shares held by Tai Yi Investment Co., Ltd. as part of the concert party agreement[24]. Expenses and Financial Position - The cost of sales for the same period was NT$314,919,000, resulting in a gross profit of NT$98,821,000, down 24.1% from NT$130,155,000 in the previous year[44]. - The cost of materials used increased to NT$246,810,000, up 29% from NT$191,666,000 in the previous year[62]. - Employee benefits expenses rose to NT$67,445,000, an increase of 7% from NT$62,870,000 in the previous year[62]. - Research expenses increased to NT$330,000, up 19% from NT$276,000 in the previous year[62]. - Depreciation of property, plant, and equipment amounted to NT$4,727,000, an increase of 36% from NT$3,471,000 in the previous year[62]. - The total expenses for the three months ended March 31, 2021, were NT$369,662,000, up 20% from NT$306,685,000 in the previous year[62]. - The company's total equity as of March 31, 2021, was NT$800,815,000, an increase from NT$683,763,000 as of March 31, 2020[47]. - The estimated average annual tax rate remained stable at approximately 23.6% for both 2021 and 2020[65]. - The company did not engage in any purchase, sale, or redemption of its listed securities from January 1 to March 31, 2021[41]. - The company has not granted any options under the share option scheme since its adoption on June 20, 2017[40]. - The company continues to evaluate the impact of new accounting standards on its performance and financial position[52].

Financial Performance - The total revenue for the group for the year ended December 31, 2020, was approximately NT$1,497.83 million, with a comprehensive income attributable to the owners of the company of approximately NT$143.81 million[8]. - The basic earnings per share were NT$0.1442[8]. - Total revenue for the year ended December 31, 2020, was approximately NT$1,497.83 million, a decrease of about 21.51% compared to NT$1,908.21 million in 2019[12][16]. - Revenue from integrated solutions was approximately NT$992.06 million, accounting for about 66.23% of total revenue, down from NT$1,751.73 million in 2019[13][16]. - Revenue from the sale of second-hand semiconductor manufacturing equipment and parts surged to approximately NT$505.77 million, an increase of about 223.22% year-on-year, representing about 33.77% of total revenue[14][16]. - Gross profit for the year was approximately NT$399.92 million, with a gross margin of about 26.70%, up from 25.61% in 2019[16]. - The company’s net profit attributable to owners was approximately NT$143.81 million, with basic earnings per share of NT$0.1442, down from NT$177.31 million and NT$0.1790 in 2019, respectively[17]. Market Overview - The global semiconductor market revenue reached USD 442 billion in 2020, representing a growth of 5.4% compared to 2019[7]. - Taiwan's semiconductor industry total output value exceeded NT$3 trillion in 2020, an increase of 20.7% from 2019, making it the second largest globally[8]. - The global semiconductor manufacturing equipment market is expected to see double-digit growth in 2021, reaching a historical high of USD 76 billion[8]. - The ongoing development of 5G technology and the "contactless economy" driven by the pandemic are anticipated to create significant business opportunities for the semiconductor industry[9]. - The company noted a 40.98% increase in revenue from U.S. customers, which accounted for about 9.68% of total revenue[16]. - The ongoing U.S.-China trade tensions are expected to provide unprecedented opportunities for Taiwan's semiconductor industry to expand internationally[20]. Company Strategy and Operations - The company completed the expansion of its Taiwan headquarters factory during the review period, enhancing its production capacity[9]. - The acquisition of Chongjun Technology Co., Ltd. in 2019 is expected to diversify the company's business and product portfolio, thereby expanding its customer base and improving profitability[9]. - The company plans to strengthen its innovation and R&D capabilities while strictly controlling costs and expenses to enhance operational efficiency and expand market share[9]. - The group aims to strengthen its innovation and R&D capabilities to capitalize on the opportunities presented by the 5G trend and the "contactless economy" driven by the pandemic[21]. - The group will continue to control expenses and expand its market share to create long-term shareholder value[21]. Corporate Governance - The company has a strong focus on corporate governance, with independent directors serving on various committees[48]. - The board of directors consists of seven members, including four executive directors and three independent non-executive directors, ensuring a balanced governance structure[121]. - The audit committee was established on June 20, 2017, and is responsible for overseeing the integrity of the company's financial statements and reviewing financial controls and risk management systems[111]. - The company has adopted the corporate governance code principles and provisions as set out in the GEM listing rules, with no significant deviations reported except for a minor deviation[115]. - The independent non-executive directors confirmed their independence annually, and the company believes all such directors are independent[129]. Employee and Social Responsibility - The group employed approximately 266 employees as of December 31, 2020, an increase from 246 employees in 2019[32]. - Employee costs amounted to NT$233.37 million in 2020, compared to NT$219.60 million in 2019, indicating an increase of about 6.93%[107]. - Approximately 90% of employees are regular hires, while 10% are contract hires, reflecting the company's commitment to stable employment[198]. - The company maintained a zero-tolerance policy towards workplace sexual harassment, ensuring strict enforcement of penalties for any violations[199]. - The company expanded its insurance coverage for employees during the COVID-19 pandemic, providing more comprehensive protection[198]. Environmental Commitment - The company is committed to minimizing the negative environmental impact of its operations and adheres to applicable environmental laws[55]. - The total waste processed by the company this year amounted to 31,690 kilograms, reflecting its commitment to effective waste management[192]. - The company actively implements measures to improve resource utilization and reduce environmental impact during its operations[193]. - Total greenhouse gas emissions increased to 548.39 tons CO2 equivalent in 2020, up from 443.83 tons in 2019, representing a 23.6% increase[196]. - The total energy consumption rose to 4,176.10 TJ in 2020, compared to 3,063.26 TJ in 2019, marking a 36.4% increase[196]. Shareholder Relations - The company emphasizes effective communication with shareholders to strengthen investor relations and understanding of business performance and strategies[184]. - The company has established a shareholder communication policy to ensure proper handling of shareholder opinions and concerns, which is regularly reviewed for effectiveness[185]. - The company has adopted a dividend policy that outlines principles for declaring and distributing profits to shareholders[185]. - The proposed final dividend for the year ending December 31, 2020, is HKD 0.012 per share, totaling approximately HKD 12,000,000, which is a new dividend compared to none in 2019[60].

2020 第三季度業績報告 由於GEM上市的公司通常為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較大的市場波動風險， 同時無法保證在GEM買賣的證券會有高流通量的市場。 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較高投資風險。有意 投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概 不就因本報告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關靖洋集團控股有限公司（「本公司」）及其附屬 公司（統稱「本集團」）的資料。本公司之董事（「董事」）願共同及個別就本報告負全責，並在作出一切合理查詢後確認，就 彼等所深知及確信，本報告所載資料在各重大方面均屬準確完備，且並無誤導或欺詐成分；亦無遺漏其他事項，以致本 報告所載任何陳述或本報告產生誤導。 本報告以環保紙印刷 公司資料 董事會 2020 THIRD QUARTERL ...

Financial Performance - Total revenue for the six months ended June 30, 2020, was approximately NT$843.34 million, a decrease of about 11.10% compared to NT$948.59 million in the same period of 2019[9]. - The group recorded a total comprehensive income attributable to owners of approximately NT$96.36 million, down from NT$111.63 million in 2019[13]. - Basic earnings per share were approximately NT$0.096, compared to NT$0.1106 in the same period last year[13]. - Revenue from the integrated solutions segment was approximately NT$601.00 million, down from NT$916.59 million in 2019[10]. - Revenue from the sale of semiconductor manufacturing equipment and parts increased to approximately NT$242.34 million, a rise of about 657.36% compared to NT$32.00 million in the same period last year[11]. - The gross profit for the period was approximately NT$225.94 million, with a gross margin of 26.79%, compared to 27.33% in 2019[14]. - The group anticipates expanding its customer base following the acquisition of Chongjun Technology Co., Ltd., which is expected to enhance profitability[18]. - Profit attributable to owners of the company for the six months ended June 30, 2020, was NT$95,980 thousand, a decrease of 13.2% from NT$110,580 thousand in 2019[51]. - The company reported a net other comprehensive income of NT$384 thousand for the six months ended June 30, 2020, compared to NT$1,048 thousand in 2019[51]. - The company recorded a profit of NT$95,980 thousand for the six months ended June 30, 2020, compared to NT$110,580 thousand for the same period in 2019, showing a decrease of approximately 13.1%[59]. Revenue Breakdown - Local business revenue accounted for approximately 56.68% of the group's total revenue, while revenue from the U.S. market increased by 239.56% compared to the previous year[13]. - Revenue from Taiwan for the six months ended June 30, 2020, was TWD 477,965 thousand, a decrease of 21.5% from TWD 609,207 thousand in the same period of 2019[81]. - Revenue from China for the six months ended June 30, 2020, was TWD 230,900 thousand, an increase of 62.5% from TWD 142,049 thousand in 2019[81]. - For the three months ended June 30, 2020, total revenue was TWD 457,165 thousand, a decrease of 13.2% compared to TWD 526,892 thousand in the same period of 2019[79]. - Revenue from providing integrated solutions was TWD 317,591 thousand for the three months ended June 30, 2020, down 37.5% from TWD 508,259 thousand in 2019[79]. - Revenue from the sale of used semiconductor manufacturing equipment and parts increased significantly to TWD 139,574 thousand for the three months ended June 30, 2020, compared to TWD 18,633 thousand in 2019[79]. Cost and Expenses - Total expenses for the six months ended June 30, 2020, amounted to NT$712,250,000, a decrease of 9.7% from NT$788,925,000 in the same period of 2019[87]. - Research expenses for the six months ended June 30, 2020, were NT$527,000, down 16.1% from NT$628,000 in the same period of 2019[87]. - The company reported short-term employee benefits of NT$9,622,000 for the six months ended June 30, 2020, down 25.5% from NT$12,963,000 for the same period in 2019[112]. Financial Position - As of June 30, 2020, the total borrowings of the group amounted to approximately NT$714.22 million, down from NT$778.95 million as of December 31, 2019[20]. - The group's debt-to-equity ratio as of June 30, 2020, was approximately 91%, improved from 102% as of December 31, 2019[20]. - The company maintained a strong financial position with no purchases, sales, or redemptions of its listed securities during the period from January 1 to June 30, 2020[48]. - As of June 30, 2020, total assets decreased to NT$2,342,027 thousand from NT$2,493,789 thousand as of December 31, 2019, representing a decline of approximately 6.1%[54]. - Current assets decreased to NT$1,854,101 thousand, down from NT$2,013,887 thousand, a reduction of about 7.9%[54]. - Total liabilities decreased to NT$1,619,425 thousand from NT$1,867,551 thousand, reflecting a decrease of approximately 13.3%[56]. - The company's equity increased to NT$722,602 thousand as of June 30, 2020, up from NT$626,238 thousand as of December 31, 2019, marking an increase of about 15.4%[54]. - The company’s bank borrowings decreased to NT$436,426 thousand from NT$478,805 thousand, a reduction of about 8.8%[56]. - Trade receivables increased to NT$319,103 thousand from NT$255,569 thousand, reflecting an increase of approximately 24.8%[54]. Strategic Initiatives - The group aims to enhance operational efficiency and control costs effectively amid the challenging global business environment[8]. - The semiconductor industry is recognized as a key strategic sector, with the government prioritizing its development[8]. - The acquisition of Chongjun Technology Co., Ltd. diversified the group's product offerings and opened new revenue streams[10]. - The company is collaborating with the Industrial Technology Research Institute of Taiwan on R&D projects and enhancing its internal R&D efforts[29]. - The company is hiring new employees to manage unrenovated second-hand semiconductor manufacturing equipment and provide comprehensive solutions[29]. Shareholder Information - As of June 30, 2020, Mr. Yang holds 27,975,000 shares, representing approximately 2.79% of the total shares, and has a total interest of 682,050,000 shares, or 68.20% when including concert party interests[30]. - Major shareholder Jia Jian Development Limited holds 374,625,000 shares, accounting for 37.46% of the total shares[32]. - Ever Wealth Holdings Limited and Planeta Investments Limited hold 81,150,000 shares (8.11%) and 63,750,000 shares (6.38%) respectively[32]. - The total interest of the concert parties in the company amounts to 682,050,000 shares, representing 68.20% of the total shares[30]. Dividend Policy - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2020, compared to no dividend for the same period in 2019[29]. - The company does not recommend an interim dividend for the six months ended June 30, 2020, compared to no dividend for the same period in 2019[107]. Acquisitions - The company completed the acquisition of 100% equity in Chongjun Technology for a cash consideration of NT$300,000,000, equivalent to approximately HK$75,000,000[113]. - The fair value of identifiable assets and liabilities acquired from Chongjun Technology amounted to NT$227,080,000, with goodwill of NT$72,920,000 attributed to expected synergies[114]. - If Chongjun Technology had been consolidated from January 1, 2019, the revenue for the six months ending June 30, 2019, would have been approximately NT$1,002,929,000, with a net profit of approximately NT$124,228,000[115]. Risk Management - The company has not made any changes to its risk management arrangements and policies since December 31, 2019[71]. - The company did not recognize any impairment loss provisions as of June 30, 2020, maintaining a stable credit quality[94].

Financial Performance - Total revenue for the first quarter of 2020 was approximately NT$386.18 million, a decrease of about 8.42% compared to NT$421.70 million in the same period of 2019[9]. - The group recorded a comprehensive income attributable to owners of approximately NT$57.53 million, representing a year-on-year increase of 71.34% from NT$33.57 million in 2019[9]. - Basic earnings per share for the period were NT$5.71, up from NT$3.38 in the same period last year[9]. - Gross profit for the period was approximately NT$130.16 million, an increase of 23.66% from NT$105.25 million in 2019[13]. - The gross profit margin improved to 33.70%, up from 24.96% in the same period last year, reflecting effective cost control measures[13]. - Net profit attributable to owners for the period was NT$57,066,000, representing a significant increase of 68.9% from NT$33,822,000 in the previous year[40]. - Earnings per share (EPS) rose to NT$5.71, compared to NT$3.38 in the same quarter of 2019, reflecting a 68.7% increase[40]. - Total expenses for the three months ended March 31, 2020, were NT$306,685,000, a decrease of 17.0% from NT$369,835,000 in the same period of 2019[60]. - The company incurred research expenses of NT$276,000 in Q1 2020, down from NT$385,000 in Q1 2019, indicating a reduction of 28.4%[60]. - The estimated average annual tax rate remained stable at approximately 23.6% for both 2020 and 2019[60]. Revenue Breakdown - Revenue from the integrated solutions segment was approximately NT$283.41 million, a decline of 30.59% from NT$408.33 million in 2019[10]. - Revenue from the sale of semiconductor manufacturing equipment and parts was approximately NT$102.77 million, an increase of about 668.91% from NT$13.37 million in the same period of 2019[11]. - Revenue from providing integrated solutions was NT$283,410,000, down 30.6% from NT$408,331,000 in 2019[52]. - Revenue from trading used semiconductor manufacturing equipment and parts surged to NT$102,765,000, compared to NT$13,365,000 in the previous year[52]. - Revenue from Taiwan was NT$188,196,000, a decrease of 6.4% from NT$201,038,000 in 2019[55]. - The company’s total comprehensive income for the period was NT$57,525,000, compared to NT$33,573,000 in the same quarter of 2019[40]. Market and Industry Outlook - The group aims to leverage industry development opportunities and maintain stable growth despite external challenges posed by the COVID-19 pandemic[8]. - The global semiconductor market faces uncertainty due to the COVID-19 pandemic, impacting assembly, packaging, testing, and logistics operations[14]. - Despite challenges, the semiconductor industry is expected to maintain growth in 2020, driven by increased demand for integrated circuits and wafer equipment due to 5G and AI technologies[14]. - The company anticipates opportunities for growth in its second-hand semiconductor manufacturing equipment solutions business as manufacturers upgrade their equipment[14]. - The ongoing COVID-19 pandemic remains a key factor influencing the semiconductor industry in the second half of the year, with the company closely monitoring its impact on financial and operational aspects[15]. - The pandemic has accelerated the restructuring of the semiconductor supply chain, presenting opportunities for market realignment[15]. - The company plans to continue focusing on expanding its market presence in Taiwan and exploring opportunities in international markets[45]. Corporate Governance and Shareholder Information - The board of directors did not recommend a dividend for the three months ending March 31, 2020[16]. - Major shareholders include 嘉建發展有限公司 with 374,625,000 shares (37.46%) and 台儀投資事業有限公司 with 111,300,000 shares (11.13%) as of March 31, 2020[20]. - The company holds a significant market position with a total of 682,050,000 shares (68.20%) controlled by key stakeholders[20]. - The company emphasizes its competitive edge through years of product solution expertise, strict cost management, and efficient operations[15]. - The company has adopted the corporate governance code as per GEM listing rules, with a noted deviation regarding the roles of the chairman and CEO[30]. - The audit committee, consisting of independent non-executive directors, was established to oversee the integrity of the company's financial statements[32]. - The company has confirmed compliance with trading regulations for directors from January 1 to March 31, 2020[28]. - There were no significant transactions or contracts involving directors or their associates during the reporting period[26]. - The company has not disclosed any rights to acquire shares or debt securities by directors or senior management during the reporting period[24]. - The ownership structure includes significant stakes held by individual shareholders, with Mr. Yang holding approximately 27.6% of the company[1]. - The company has not established any arrangements for directors to hold interests in shares or related securities during the reporting period[25]. Operational Insights - The company has been monitoring the impact of COVID-19 on its operations, noting that there has been no significant disruption to its business as of the report date[64]. - The company completed the acquisition of Chongjun Technology Co., Ltd. on May 16, 2019, which may influence future performance[59]. - The company recorded a decrease in employee benefit expenses to NT$62,870,000 in Q1 2020 from NT$45,500,000 in Q1 2019, which is an increase of 38.1%[60]. - The company reported a decrease in the cost of materials used, which was NT$191,666,000 in Q1 2020 compared to NT$267,821,000 in Q1 2019, a reduction of 28.4%[60]. - There were no purchases, sales, or redemptions of the company's listed securities from January 1 to March 31, 2020[37]. - The company has not granted any options under the share option scheme since its adoption on June 20, 2017[34].

Financial Performance - The company achieved record total revenue and net profit for the year, continuing a trend of profit growth for the third consecutive year since its listing on GEM in 2017[7]. - In 2019, the company's total revenue reached NT$1,908.21 million, a year-on-year increase of approximately 70.07% from NT$1,122.05 million in 2018[12]. - The company reported a net profit attributable to shareholders of approximately NT$177.31 million in 2019, soaring about 208.72% from NT$57.43 million in 2018[12]. - The gross profit margin increased to approximately 25.61% in 2019, up from 22.82% in 2018, due to significant revenue growth in the turnkey solutions segment[16]. - The turnkey solutions segment generated revenue of approximately NT$1,751.73 million in 2019, representing a year-on-year increase of about 63.67%[13]. - The semiconductor manufacturing equipment and parts trading segment recorded revenue of approximately NT$156.48 million, up about 202.48% from NT$51.73 million in 2018[15]. - The company reported a reserve available for distribution to shareholders of approximately NT$83.38 million as of December 31, 2019, compared to NT$57.50 million in 2018, representing a year-over-year increase of 45.00%[57]. Market Outlook - For 2020, the company anticipates that IoT, wireless communication, AI, and automotive production will drive revenue growth in the semiconductor industry[8]. - The semiconductor equipment and product sales in Taiwan are expected to exceed $15.4 billion in 2020, maintaining its leading position globally[8]. - The company anticipates a 5.5% growth in the global semiconductor manufacturing equipment market in 2020, reaching US$60.8 billion[17]. Strategic Initiatives - The acquisition of Chongjun Technology Co., Ltd. expanded the company's product line and supported its growth strategy[7]. - The company completed the acquisition of Chongjun Technology in May 2019, diversifying its product offerings and expanding revenue sources[13]. - The company plans to continue investing in technology innovation and product development to meet increasing market demand[8]. - The company plans to enhance its R&D capabilities and expand its workforce to meet increasing market demand for semiconductor products and equipment[18]. Corporate Governance - The management team includes experienced professionals with backgrounds in engineering, finance, and corporate governance[38][39][41][42]. - The company is committed to enhancing its corporate governance practices through the involvement of independent directors[39][41]. - The board of directors includes independent non-executive members with extensive experience in accounting and corporate finance[39][41][42]. - The company has established a written guideline for securities trading by employees to prevent insider trading, ensuring compliance with regulations[109]. - The company has established a shareholder communication policy to ensure effective response to shareholder concerns and opinions, which is regularly reviewed for effectiveness[176]. Risk Management - The company has a strong focus on risk management, with key personnel involved in overseeing this area[36]. - The risk management committee reviewed the adequacy and effectiveness of the group's risk management and internal control systems for the year ended December 31, 2019[134]. - The company has implemented multiple risk management procedures and guidelines across its main business functions, including project management and financial reporting[153]. Employee Welfare - The company emphasizes employee welfare, with nearly 90% of employees being regular hires and 10% on contracts[189]. - Health insurance is provided to all employees, including coverage for their family members, as part of the company's benefits[191]. - The total training hours completed by employees reached 685 hours during the reporting year[193]. - The company mandates that all technical engineers and management personnel receive adequate training related to semiconductor manufacturing equipment[193]. Environmental Responsibility - The company has implemented measures to ensure compliance with environmental regulations, focusing on air, water, waste, and noise pollution[180]. - Nitrogen oxide emissions decreased to 18.32 kg in 2019 from 30.28 kg in 2018, a reduction of approximately 39.8%[187]. - Total greenhouse gas emissions reduced to 443.83 tons CO2 equivalent in 2019 from 455.09 tons in 2018, a decrease of about 2.5%[187]. - The company actively utilizes packaging materials to reduce waste, leading to a significant reduction in reported usage of packaging materials[183]. Shareholder Relations - The company emphasizes the importance of effective communication with shareholders to strengthen investor relations and understanding of business performance and strategy[175]. - The board will review the dividend policy periodically, with no predetermined payout ratio established[176]. - The company has adopted a dividend policy effective from January 1, 2019, which outlines principles for declaring and distributing dividends based on financial performance, cash flow, and other relevant factors[176].