股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 靖洋集團控股有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08257 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股本 ...

Semiconductor Market Overview - The global semiconductor market size reached $626.9 billion in 2024, representing a 19% increase compared to the previous year[5]. - The expected growth rate for the semiconductor market in 2025 is approximately 11.2%, with the market size approaching $700 billion[5]. - Taiwan's semiconductor output is projected to exceed NT$5 trillion in 2024, with an annual growth rate of 22%[5]. - AI chip sales are forecasted to reach $71.252 billion in 2024, with a growth rate of 33%[6]. - Semiconductor equipment sales are expected to reach $113 billion in 2024, marking a 6.5% increase year-on-year[6]. - The semiconductor industry is anticipated to maintain growth despite geopolitical risks and market demand fluctuations[7]. - The semiconductor industry is expected to grow by 19.1% in 2024, reaching a global sales figure of $627.6 billion, with Q4 sales projected at $170.9 billion, a 17.1% increase year-over-year[10]. - AI technology is expected to drive a significant increase in semiconductor demand, with the global chip market projected to grow by 11.2% in 2025, reaching $697.18 billion[18]. - The global automotive semiconductor market is projected to exceed $47.45 billion in 2024, with a compound annual growth rate of over 8.3% from 2025 to 2037[12]. Company Financial Performance - The group's total revenue for the year ending December 31, 2024, is approximately NT$931.96 million[8]. - The annual profit attributable to the company's owners is approximately NT$24.28 million[8]. - Basic earnings per share are approximately NT$2.43[8]. - The total revenue for the company for the year ending December 31, 2024, is approximately NT$931.96 million, down from NT$1,332.83 million in 2023[13]. - The company's profit attributable to owners for the year is approximately NT$24.28 million, a significant decrease from NT$90.64 million in 2023[17]. - Revenue from the company's integrated solutions segment is approximately NT$418.45 million, representing 44.9% of total revenue, down from 53.19% in 2023[15]. - Revenue from the sale of parts and second-hand semiconductor manufacturing equipment is approximately NT$513.51 million, accounting for 55.10% of total revenue, up from 46.81% in 2023[16]. - The overall gross profit for the company is approximately NT$263.33 million, with a gross margin of about 28.26%, compared to 24.46% in 2023[17]. Corporate Governance and Compliance - The company has a strong governance structure with independent non-executive directors overseeing various committees[36][37][38]. - The company has maintained compliance with applicable laws and regulations, with no known violations that could significantly impact operations[44]. - The company has established four committees (Audit, Risk Management, Compensation, and Nomination) to oversee specific matters[118]. - The board consists of six members, including three executive directors and three independent non-executive directors[103]. - The board held four meetings during the year, with most directors participating in person or via electronic communication[104]. - The company has adopted the corporate governance code principles and provisions as per the GEM Listing Rules, effective until December 31, 2024[97]. - The company has established mechanisms to ensure the board receives independent opinions and advice, promoting open expression of views[107]. - The company has implemented various risk management procedures and guidelines to identify potential risks affecting its operations[138]. Employee Welfare and Management - The company emphasizes a fair and rigorous talent selection process, adhering to principles of openness, equality, competition, and meritocracy[187]. - Employee benefits include competitive compensation packages and additional rewards for outstanding performance, along with a ten-year long service bonus[187]. - The company provides comprehensive employee welfare measures, including group insurance and retirement pension plans, ensuring employee rights and well-being[187]. - In 2024, the company plans to launch various employee welfare activities, enhancing team interaction and workplace atmosphere[188]. - The company has implemented a "6S" management system to ensure workplace safety and health, aiming for zero work-related injuries[192]. - In 2024, the company reported no work-related fatalities, reflecting its commitment to health and safety management[192]. - The company conducts regular safety inspections and maintenance checks on its facilities to comply with the latest safety standards[193]. - Annual health checks are provided for all employees to prevent diseases and identify potential health risks early[193]. Environmental, Social, and Governance (ESG) Initiatives - The company maintains a commitment to sustainable development, integrating it into its corporate mission amid rapid changes in the semiconductor industry and global economic uncertainties[156]. - The ESG report is prepared in accordance with the GEM listing rules and emphasizes the importance of stakeholder engagement and materiality assessment[159]. - The company has identified key ESG issues, including climate change, occupational health and safety, and community investment, which significantly impact its performance[164]. - The company strictly adheres to environmental regulations in Taiwan and has reported no significant incidents related to air and greenhouse gas emissions during the reporting year[166]. - The company focuses on reducing air pollutants, achieving over a 7% reduction in emissions compared to 2023, with specific targets for sulfur oxides, nitrogen oxides, and particulate matter[169]. - The company promotes green policies to enhance market competitiveness and align with stakeholder expectations for environmental protection[166]. - The company aims to maintain strong stakeholder relationships and actively collect feedback to align its business practices with sustainability goals[162]. - The company emphasizes the importance of environmental, social, and governance (ESG) factors for sustainable development and has established a robust risk management system to address these issues[161].

Financial Performance - Revenue for the year ending December 31, 2024, is projected to decrease by approximately 30.08% to NT$931.96 million from NT$1,332.83 million for the year ending December 31, 2023[7]. - Net profit attributable to owners for the year ending December 31, 2024, is expected to decline by about 73.21% to NT$24.28 million from NT$90.64 million for the year ending December 31, 2023[7]. - Basic earnings per share for the year ending December 31, 2024, is forecasted to drop to NT$2.43 from NT$9.06 for the year ending December 31, 2023[7]. - Gross profit for the year ending December 31, 2024, is projected to be NT$263.33 million, down from NT$325.96 million in 2023[8]. - Total comprehensive income attributable to owners for the year ending December 31, 2024, is expected to be NT$14.87 million, down from NT$93.10 million in 2023[8]. - The company reported a net loss of NT$9.42 million in foreign exchange differences for the year ending December 31, 2024, compared to a gain of NT$2.47 million in 2023[8]. - Total revenue for 2024 was NT$849,051,000, a decrease from NT$1,184,757,000 in 2023, representing a decline of approximately 28.4%[35]. - The company's income tax expense for 2024 is NT$67,975,000, compared to NT$35,643,000 in 2023, reflecting a significant increase[37]. - The company's basic earnings per share for 2024 is NT$2.43, down from NT$9.06 in 2023, indicating a decline in profitability[41]. Dividends and Shareholder Returns - The board of directors does not recommend the distribution of dividends for the year ending December 31, 2024, consistent with 2023[7]. - The company has no proposed dividends for the fiscal year ending December 31, 2024, maintaining a zero dividend policy as in 2023[40]. - The board of directors does not recommend the payment of dividends for the year ending December 31, 2024[87]. Assets and Liabilities - Total assets increased to NT$2,444,504,000 in 2024 from NT$2,102,883,000 in 2023, representing a growth of approximately 16.2%[9]. - Total liabilities increased to NT$1,624,027,000 in 2024 from NT$1,297,271,000 in 2023, indicating a rise of around 25.2%[9]. - Non-current liabilities decreased from NT$181,034,000 in 2023 to NT$138,648,000 in 2024, showing a reduction of approximately 23.3%[9]. - Total equity rose to NT$820,477,000 in 2024, up from NT$805,612,000 in 2023, which is an increase of about 1.8%[9]. - As of December 31, 2024, the group's total borrowings amounted to approximately NT$591.79 million, a decrease from NT$616.53 million as of December 31, 2023[78]. - The group's asset-liability ratio is approximately 48.45% as of December 31, 2024, down from 57.82% as of December 31, 2023[78]. Revenue Sources - Revenue from integrated solutions was approximately NT$418.45 million, accounting for about 44.9% of total revenue, compared to 53.19% in 2023[65]. - Revenue from the sale of parts and second-hand semiconductor manufacturing equipment was approximately NT$513.51 million, representing about 55.10% of total revenue, up from 46.81% in 2023[67]. - Major customer A contributed NT$523,306 thousand to total revenue in 2023, which is over 10% of the total revenue[30]. - Customer B's contribution to total revenue was NT$204,987 thousand in 2023, which is over 10% of the total revenue[30]. - Revenue from the Taiwan region was NT$745,654 thousand in 2023, while it is projected to be NT$416,420 thousand in 2024, reflecting a decrease of about 44%[28]. - Revenue from the United States was NT$220,446 thousand in 2023, with a projected decrease to NT$186,049 thousand in 2024, representing a decline of approximately 16%[28]. - Revenue from China decreased from NT$281,730 thousand in 2023 to NT$161,186 thousand in 2024, a drop of about 43%[28]. Operational Expenses - Operating expenses for the year ending December 31, 2024, are expected to be NT$132.12 million, slightly up from NT$128.99 million in 2023[8]. - The cost of goods sold for 2024 was NT$668,625,000, down from NT$1,006,867,000 in 2023, indicating a reduction of approximately 33.5%[36]. - The company's employee benefits expenses remained stable at NT$245,291,000 in 2024, slightly up from NT$244,096,000 in 2023[35]. Research and Development - Research and development expenses increased to NT$1,194,000 in 2024 from NT$734,000 in 2023, marking a rise of approximately 62.8%[35]. Market Trends and Projections - The global semiconductor chip sales are projected to grow by 19.1% to US$627.6 billion in 2024, driven by strong demand for AI processors and memory[59]. - Taiwan's semiconductor industry output value is expected to reach NT$4.76 trillion in 2024, marking a growth of 21.3%[59]. - The company anticipates that advanced chips will continue to drive growth in Taiwan's semiconductor industry, with an expected increase of 15.9% in overall output value by 2025[59]. - The global automotive semiconductor market is projected to exceed $47.45 billion in 2024, with a compound annual growth rate (CAGR) of over 8.3% expected from 2025 to 2037[62]. Compliance and Governance - The group operates under the Hong Kong Financial Reporting Standards and complies with GEM listing rules[15][16]. - The group has not adopted new standards or amendments that will take effect from January 1, 2024, which are expected to have a significant impact on current or future periods[21]. - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2024, confirming compliance with applicable accounting standards and GEM listing rules[94]. - The auditors, PwC, confirmed that the financial figures in the preliminary announcement are consistent with the audited consolidated financial statements for the year ending December 31, 2024[96]. Employee and Corporate Structure - The group employed approximately 260 employees as of December 31, 2024, with competitive salary reviews conducted annually[86]. - The group maintains a 100% ownership in its subsidiaries, ensuring full control over its operations and strategic direction[14].

Genes Tech Group Holdings Company Limited 靖 洋 集 團 控 股 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號 : 8257 024 中期報告 香港聯合交易所有限公司(「聯交所」) GEM之特色 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。 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。 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J)及 其附屬公司(统稱「本集團J)的資料。本公司之董事([董事])願共同及個別就本報告負全黃·並在作出一切合理查 詢後 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was NT$535,007,000, a decrease of 28.6% compared to NT$749,511,000 for the same period in 2023[2] - Gross profit for the same period was NT$156,586,000, down 25.3% from NT$209,609,000 year-over-year[2] - Net profit attributable to owners for the six months was NT$38,703,000, a decline of 49.5% from NT$76,589,000 in the previous year[2] - Basic earnings per share for the six months was NT$3.87, down 49.5% from NT$7.66 in the same period last year[2] - The company reported other income of NT$2,863,000, significantly higher than NT$154,000 in the previous year[2] - The total expenses for the six months ending June 30, 2024, were NT$474,966,000, a decrease of 24.7% from NT$630,843,000 in 2023[21] - The company’s total comprehensive income for the six months ended June 30, 2024, was NT$31,300 thousand, compared to NT$76,338 thousand in the same period of 2023, indicating a decrease of about 59.0%[5] Assets and Liabilities - Total assets as of June 30, 2024, amounted to NT$2,164,770,000, an increase of 2.9% from NT$2,102,883,000 at the end of 2023[3] - Total liabilities increased to NT$1,327,858,000 as of June 30, 2024, compared to NT$1,297,271,000 at the end of 2023, reflecting a rise of 2.4%[4] - Cash and cash equivalents decreased to NT$119,084,000 from NT$150,739,000, representing a decline of 21.0%[3] - Inventory increased to NT$1,076,736,000, up 5.4% from NT$1,021,300,000 at the end of 2023[3] - As of June 30, 2024, total equity reached NT$836,912 thousand, an increase from NT$788,847 thousand as of June 30, 2023, representing a growth of approximately 6.1%[5] - The company’s total liabilities decreased from NT$224,395 thousand as of June 30, 2023, to NT$301,137 thousand as of January 1, 2024, reflecting a reduction of approximately 34.3%[5] Cash Flow and Financial Management - The company reported a net cash flow from operating activities of NT$10,491 thousand for the six months ended June 30, 2024, compared to a net cash outflow of NT$78,215 thousand for the same period in 2023[6] - The cash and cash equivalents at the end of June 30, 2024, were NT$119,084 thousand, up from NT$106,143 thousand at the end of June 30, 2023, indicating an increase of about 12.5%[6] - The company’s financial costs were NT$638,000, a decrease from NT$9,835,000 in the previous year, indicating improved financial management[2] - The company’s cash flow from financing activities showed a net outflow of NT$11,182 thousand for the six months ended June 30, 2024, compared to a net outflow of NT$16,903 thousand in the previous year, indicating an improvement of about 33.9%[6] Shareholder Information - Major shareholders hold approximately 70.21% of the total shares, with significant ownership by key executives[57] - Major shareholder Jiajian Development Company holds 374,625,000 shares, representing 37.46% of total shares[59] - The total shares held by the concert party is 702,050,000, representing 70.21% of total shares[59] - The board of directors does not recommend the payment of dividends for the six months ending June 30, 2024[56] Market Trends and Industry Outlook - The semiconductor industry is experiencing significant growth driven by the rise of generative AI technology, with global semiconductor sales reaching US$49.1 billion in May 2024, a year-over-year increase of 19.3%[40] - Global smartphone shipments saw a year-over-year growth of 6.5% in Q2 2024, totaling 285.4 million units, indicating a positive market trend[41] - The global semiconductor market is projected to grow by 16% in 2024, reaching US$611 billion, driven by increased investments in AI projects[46] - The global automotive semiconductor market is projected to exceed $8.8 billion by 2027, with a compound annual growth rate (CAGR) of 12% from 2023 to 2027[49] Corporate Governance and Compliance - The audit committee has reviewed the unaudited consolidated second quarter results for the six months ending June 30, 2024, and confirmed compliance with applicable accounting standards and GEM listing rules[69] - The company has adopted corporate governance principles in accordance with GEM listing rules, with no significant deviations noted[67] - The group has adopted new accounting standards effective from January 1, 2024, with no significant impact on consolidated performance and financial position[9]

Financial Performance - The total revenue for the group for the year ended December 31, 2023, was approximately NT$1,332.83 million, with a comprehensive income attributable to the company's owners of about NT$93.10 million[11]. - Basic earnings per share were approximately NT$0.0906[11]. - The company's total revenue for the year ending December 31, 2023, was approximately NT$1,332.83 million, a decrease of 16.6% from NT$1,598.90 million in 2022[15]. - The gross profit for the year was approximately NT$325.96 million, with a gross margin of 24.46%, compared to a gross profit of NT$107.48 million and a margin of 6.72% in 2022[20]. - Revenue from the integrated solutions segment was approximately NT$708.93 million, accounting for 53.19% of total revenue, down from 50.15% in 2022[16]. - Revenue from the sale of parts and second-hand semiconductor manufacturing equipment was approximately NT$623.90 million, representing 46.81% of total revenue, down from 49.85% in 2022[19]. - The group employed approximately 271 employees as of December 31, 2023, down from 294 employees in 2022[35]. - Employee costs amounted to approximately NT$224.10 million in 2023, down from NT$275.28 million in 2022[108]. - As of December 31, 2023, the distributable reserves available for shareholders were approximately NT$154 million, a decrease from NT$181 million in 2022[59]. - Sales to the top five customers accounted for approximately 72.12% of total revenue in 2023, up from 63.14% in 2022[61]. - Revenue from the largest single customer represented approximately 39.26% of total revenue in 2023, compared to 34.56% in 2022[62]. - The company has not recommended the payment of a final dividend for the year ended December 31, 2023[36]. Market Outlook - The global semiconductor market is projected to reach USD 588.3 billion in 2024, representing a year-on-year growth of 13.1%[7]. - The global electric vehicle market is expected to reach 17.5 million units in 2024, with a year-on-year growth of 27%[8]. - The semiconductor equipment market is forecasted to recover in 2024, with global semiconductor equipment sales increasing by 4% to USD 105.3 billion[9]. - Taiwan's semiconductor industry output is expected to grow from NT$3.77 trillion in 2023 to NT$4.29 trillion, a growth of 13.7%[9]. - The demand for automotive semiconductors is projected to grow significantly, with the automotive sector driving strong semiconductor demand due to trends in vehicle electrification and automation[8]. - The market for generative AI applications is expected to grow from USD 6.2 billion in 2023 to USD 58.5 billion by 2028, with a compound annual growth rate of 56%[8]. - The demand for AI-related chips and memory is anticipated to see strong growth, with businesses using generative AI expected to rise from less than 5% in 2023 to 80% by 2026[24]. Corporate Governance - The company has a strong governance structure, with independent non-executive directors serving on various committees, including audit and remuneration[44][45][46]. - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[123]. - The board held four meetings during the year, demonstrating active oversight and engagement in company affairs[126]. - The company has adopted the corporate governance code as per the GEM Listing Rules, ensuring compliance and transparency in its operations[116]. - Independent non-executive directors have confirmed their independence annually, maintaining a high standard of governance[128]. - The board is responsible for guiding and monitoring the company's affairs, including strategic planning and financial performance oversight[134]. - The company has established four board committees to oversee specific matters, including audit, risk management, remuneration, and nominations[142]. - The board emphasizes the importance of environmental, social, and governance (ESG) factors for the group's long-term strategy and sustainable development[198]. Risk Management - The Risk Management Committee reviewed the adequacy and effectiveness of the group's risk management and internal control systems for the year ending December 31, 2023[147]. - The board has reviewed the effectiveness of the company's risk management and internal control systems, deeming them effective and sufficient as of December 31, 2023[171]. - The audit committee has assessed the adequacy of resources, staff qualifications, and training programs related to the group's accounting and financial reporting functions[172]. Sustainability and Social Responsibility - The company emphasizes sustainability as an integral part of its business success, incorporating core values into all business activities[193]. - The environmental, social, and governance report covers the period from January 1 to December 31, 2023, focusing on significant issues identified during the reporting year[194]. - The board regularly reviews sustainability goals and policies to ensure they align with stakeholder expectations and market competitiveness[198]. - In 2023, the group maintained strong relationships with stakeholders, utilizing diverse communication channels to gather feedback and adjust sustainability strategies[199]. Shareholder Relations - The company has established a shareholder communication policy to ensure effective responses to shareholder concerns and regularly reviews this policy for effectiveness[184]. - Shareholders holding at least 10% of the voting rights can request the board to convene a special general meeting within two months of the request[185]. - The company has adopted a dividend policy that allows the board to declare dividends based on various factors, including financial performance and cash flow, without a predetermined payout ratio[192]. Compliance and Legal Matters - The company is committed to complying with applicable laws and regulations, with no known violations that could significantly impact operations as of December 31, 2023[53]. - The company has not engaged in any foreign exchange hedging activities during the year 2023[30]. - The company has not entered into any management contracts with individuals or entities for the management of its business during the year[99]. - The company has not disclosed any tax relief benefits for shareholders holding its securities[65]. - No related party transactions or continuing connected transactions have been disclosed as required by the GEM Listing Rules during the year[92].

Financial Performance - Revenue decreased by approximately 16.64% from NT$1,598.90 million for the year ended December 31, 2022, to NT$1,332.83 million for the year ended December 31, 2023[7]. - The comprehensive loss attributable to owners increased by approximately 204.96% from NT$88.70 million for the year ended December 31, 2022, to a comprehensive income of NT$93.10 million for the year ended December 31, 2023[7]. - Basic earnings per share improved from a loss of NT$8.04 cents for the year ended December 31, 2022, to a profit of NT$9.06 cents for the year ended December 31, 2023[7]. - The company reported a profit before tax of NT$126.28 million for the year ended December 31, 2023, compared to a loss of NT$82.38 million in the previous year[8]. - Total comprehensive income attributable to owners for the year ended December 31, 2023, was NT$93.10 million, compared to a loss of NT$88.70 million in 2022[8]. - The company reported a net profit attributable to shareholders of NT$90,638,000 for 2023, compared to a net loss of NT$80,436,000 in 2022[34]. - Basic earnings per share for 2023 were NT$9.06, while the previous year showed a loss per share of NT$8.04[35]. Revenue Breakdown - Total revenue for the year 2023 was NT$1,332,827,000, a decrease of 16.6% compared to NT$1,598,898,000 in 2022[21]. - Revenue from integrated solutions was NT$708,926,000, down 11.5% from NT$801,834,000 in the previous year[21]. - Revenue from the sale of spare parts and second-hand semiconductor manufacturing equipment was NT$623,901,000, a decrease of 21.7% from NT$797,064,000 in 2022[21]. - Revenue from U.S. operations increased by 206.73% year-over-year, contributing approximately 16.54% to total revenue[56]. Expenses and Costs - Total expenses in 2023 amounted to NT$1,184,757,000, down from NT$1,685,799,000 in 2022, reflecting a reduction in operational costs[27]. - Financial costs netted NT$18,582,000 in 2023, an increase from NT$14,349,000 in 2022[26]. - Research and development expenses were NT$734,000 in 2023, down from NT$1,150,000 in 2022, showing a decrease in investment in innovation[27]. - The company experienced a loss of NT$257,793,000 due to a fire incident affecting inventory, which was recorded in the cost of sales[28]. Assets and Liabilities - The company’s total assets as of December 31, 2023, were NT$1,500 million, reflecting a stable financial position[8]. - Total assets decreased from NT$2,483,320 thousand in 2022 to NT$2,102,883 thousand in 2023, a decline of approximately 15.3%[9]. - Total liabilities decreased from NT$1,770,811 thousand in 2022 to NT$1,297,271 thousand in 2023, a reduction of approximately 26.7%[9]. - Total equity increased from NT$712,509 thousand in 2022 to NT$805,612 thousand in 2023, reflecting a growth of about 13.1%[9]. - Cash and cash equivalents decreased from NT$239,675 thousand in 2022 to NT$150,739 thousand in 2023, a decline of approximately 37.1%[9]. Taxation - Income tax expense for 2023 was NT$35,643,000, compared to a tax benefit of NT$1,945,000 in 2022, indicating a shift from profit to loss[29]. - The effective tax expense for 2023 was NT$35,643,000, compared to a tax benefit of NT$1,945,000 in 2022[31]. - The company is subject to a 20% income tax rate in Taiwan, consistent with the previous year[30]. Dividends - The board of directors does not recommend the distribution of dividends for the year ended December 31, 2023 (2022: none)[7]. - The board of directors does not recommend the payment of a final dividend for the year ending December 31, 2023[72]. Market Outlook - Global semiconductor sales for 2023 are projected to reach $520.1 billion, a decline of 9.4% year-over-year[50]. - Global smartphone shipments in 2023 are expected to decrease by 3.2% to 1.17 billion units, marking the lowest volume in a decade[50]. - The global semiconductor equipment sales for 2023 are estimated at $100.9 billion, down 6.1% year-over-year[50]. - Taiwan's semiconductor industry output value for 2023 is projected to be NT$3.77 trillion, with an expected growth of 13.7% to NT$4.29 trillion in 2024[50]. Corporate Governance - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2023, and believes they have been prepared in accordance with applicable accounting standards[78]. - The auditor, PwC, confirmed that the financial statements for the year ending December 31, 2023, are consistent with the draft financial statements[80]. - The company's annual general meeting is scheduled for June 26, 2024[81].

Financial Performance - For the nine months ended September 30, 2023, the total revenue of the group was approximately NT$1,107.85 million, a decrease from NT$1,148.81 million in the same period of 2022[9]. - The group reported a total comprehensive income attributable to owners of approximately NT$77.16 million for the nine months ended September 30, 2023, compared to NT$103.65 million in the same period of 2022[9]. - Basic earnings per share for the nine months ended September 30, 2023, were approximately NT$0.0835, down from NT$0.1122 in the same period of 2022[9]. - The group's gross profit was approximately NT$263.17 million, with a gross margin of about 23.76%, compared to NT$302.88 million and 26.36% in the same period of 2022[15]. - The net profit attributable to the company's owners for the nine months ended September 30, 2023, was NT$83,499,000, a decrease of 25.7% compared to NT$112,220,000 for the same period in 2022[54]. - The company reported a total comprehensive income of NT$77,162,000 for the nine months ended September 30, 2023, compared to NT$103,654,000 for the same period in 2022[56]. - For the three months ended September 30, 2023, the net profit attributable to the company's owners was NT$6,910,000, a decrease of 82.2% compared to NT$38,787,000 in the same period of 2022[74]. - Basic earnings per share for the three months ended September 30, 2023, was NT$0.69, a decline of 82.2% from NT$3.88 in the same period of 2022[74]. Revenue Breakdown - Revenue from the integrated solutions segment was approximately NT$608.24 million, accounting for about 54.9% of total revenue, compared to 48.58% in the same period of 2022[12]. - Revenue from the sale of second-hand semiconductor manufacturing equipment and parts was approximately NT$499.61 million, representing about 45.1% of total revenue, down from 51.42% in the same period of 2022[13]. - Revenue from local operations in Taiwan accounted for approximately 55.12% of the group's total revenue, down from 71.87% in the same period of 2022[15]. - Revenue from Taiwan decreased significantly to NT$610,650,000 for the nine months ended September 30, 2023, down 26.0% from NT$825,600,000 in the same period of 2022[67]. - Revenue from the United States increased to NT$188,447,000 for the nine months ended September 30, 2023, compared to NT$39,880,000 in the same period of 2022, representing a growth of 371.5%[67]. Market Overview - The global semiconductor market sales totaled US$124.5 billion in Q2 2023, a quarter-on-quarter increase of 4.2% but a year-on-year decrease of 17.3%[7]. - The forecast for global semiconductor sales in 2023 has been revised down to US$515.1 billion, reflecting a year-on-year decline of 10.3%[7]. - The global semiconductor industry is currently facing a downturn, with weak end-user demand and ongoing inventory adjustments[6]. - The global semiconductor market is expected to decline in 2023, with Future Horizons predicting a 20% year-on-year decrease, while TechInsights forecasts a 10% decline[17]. - The automotive semiconductor market is projected to grow from USD 44 billion in 2021 to USD 80.7 billion by 2027, with a compound annual growth rate (CAGR) of 11.1%[19]. Corporate Governance and Shareholder Information - The board of directors did not recommend the payment of dividends for the nine months ended September 30, 2023[30]. - As of September 30, 2023, Mr. Yang holds 37,975,000 shares, representing approximately 3.80% of the total shares, and has a total beneficial interest of 702,050,000 shares, which is 70.21% when including concert party interests[32]. - Major shareholder Kai Jian Development Limited holds 374,625,000 shares, accounting for 37.46% of the total shares[35]. - Ever Wealth Holdings Limited owns 81,150,000 shares, which is 8.11% of the total shares[35]. - Planeta Investments Limited has a beneficial interest of 63,750,000 shares, representing 6.38% of the total shares[35]. - As of September 30, 2023, the total beneficial interest of Tai Yi Investment Company Limited is 111,300,000 shares, which is 11.13% of the total shares[35]. - The total shares held by the concert party, including Tai Yi and other major shareholders, amount to 702,050,000 shares, representing 70.21% of the total shares[35]. - Mr. Fan and Mr. Lin, former directors, hold 2,925,000 shares (0.30%) and 1,200,000 shares (0.12%) respectively, with their concert party interests also contributing to the total[35]. - No other directors or senior management have disclosed any interests in the company's shares or related securities as of September 30, 2023[33]. - There have been no arrangements or agreements that would allow directors or senior management to hold any interests in the company's shares or related securities since the listing date[42]. - The company has not entered into any significant transactions or contracts involving directors or related entities with substantial interests since the listing date[42]. Operational Insights - The group aims to enhance its core competitiveness by actively seizing development opportunities and investing in product research and technology upgrades[8]. - The company operates primarily in Taiwan, with non-current assets mainly located in the same region[65]. - The company has established a written guideline for employees regarding securities trading, which has been adhered to without any reported violations[44]. - The audit committee, consisting of independent non-executive directors, has reviewed the financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[49]. - The company maintains a governance structure that separates the roles of the chairman and the CEO, although the same individual currently holds both positions[45]. - The company has not issued, exercised, or canceled any share options under the share option scheme as of September 30, 2023[51]. - There were no purchases, sales, or redemptions of the company's listed securities from January 1 to September 30, 2023[52]. - The estimated average annual tax rate for the fiscal year is approximately 23.6%, consistent with the previous year[72]. - The total cost of materials used for the nine months ended September 30, 2023, was NT$647,716,000, slightly up from NT$640,482,000 in the same period of 2022[70]. - Research expenses for the nine months ended September 30, 2023, were NT$499,000, a decrease of 42.2% from NT$864,000 in the same period of 2022[70]. - The company’s depreciation of property, plant, and equipment for the nine months ended September 30, 2023, was NT$11,249,000, down from NT$12,288,000 in the same period of 2022[70]. - Major customers contributing over 10% of total revenue included Customer A with NT$439,273,000 and Customer B with NT$173,437,000 for the nine months ended September 30, 2023[69].

Financial Performance - For the six months ended June 30, 2023, the total revenue of the group was approximately NT$749.51 million, representing an increase of about 25.63% compared to NT$596.62 million in the same period of 2022[9]. - The group reported a total comprehensive income attributable to owners of approximately NT$76.34 million, compared to NT$70.07 million in the same period of 2022[9]. - Basic earnings per share for the period were approximately NT$0.0766, compared to NT$0.0734 in the same period of 2022[9]. - Total revenue for the six months ended June 30, 2023, was approximately NT$749.51 million, a 25.63% increase from NT$596.62 million in the same period of 2022[14]. - Gross profit for the period was approximately NT$209.61 million, with a gross margin of 27.97%, down from 32.65% in the same period of 2022[15]. - Net profit attributable to owners for the six months ended June 30, 2023, was NT$76,589 thousand, representing a 4.9% increase from NT$73,433 thousand in 2022[52]. - Basic and diluted earnings per share for the six months ended June 30, 2023, were NT$7.66, compared to NT$7.34 for the same period in 2022[52]. - Total expenses for the six months ended June 30, 2023, amounted to NT$630,843,000, an increase from NT$495,305,000 in 2022[78]. - For the three months ended June 30, 2023, the profit attributable to the company's owners was NT$47,694,000, a decrease of 4.2% compared to NT$49,758,000 for the same period in 2022[83]. Revenue Breakdown - Revenue from the integrated solutions segment was approximately NT$373.37 million, a significant increase of about 59.74% from NT$233.73 million in the same period of 2022, accounting for approximately 49.81% of total revenue[12]. - Revenue from the trading of second-hand semiconductor manufacturing equipment and parts was approximately NT$376.15 million, slightly up from NT$362.89 million in the same period of 2022, accounting for approximately 50.19% of total revenue[13]. - Revenue from providing integrated solutions for the six months ended June 30, 2023, was NT$373,366,000, up 59.8% from NT$233,727,000 in 2022[72]. - Revenue from the sale of used semiconductor manufacturing equipment and parts for the six months ended June 30, 2023, was NT$376,145,000, a 3.5% increase from NT$362,890,000 in 2022[72]. - Revenue from external customers in the United States for the six months ended June 30, 2023, was NT$109,754,000, significantly up from NT$26,229,000 in 2022[75]. Market Outlook - The global semiconductor sales forecast for 2023 has been revised down to USD 515.095 billion, a decrease of 10.3% from 2022, marking the first contraction since 2019[8]. - The semiconductor industry is expected to rebound in the second half of 2023, with a projected global semiconductor sales increase of 11.8% to USD 575.997 billion in 2024[8]. - The semiconductor market is expected to see a 14% growth in automotive semiconductors in 2023, contrasting with a 14% decline in overall semiconductor capital expenditure[17]. - AI server shipments are projected to reach nearly 1.2 million units in 2023, a year-on-year increase of 38.4%, with a compound annual growth rate (CAGR) of 22% from 2022 to 2026[17]. - The average semiconductor content per vehicle is expected to increase by 80% from 2022 to 2029, rising from US$854 to US$1,542[17]. Financial Position - The company’s debt-to-equity ratio was approximately 68.85% as of June 30, 2023, up from 57.68% at the end of 2022[19]. - Total assets as of June 30, 2023, amounted to NT$2,259,819,240,483[54]. - Total liabilities reached NT$1,470,097,217,171, indicating a significant leverage position[54]. - Shareholders' equity stood at NT$788,722,023,312, reflecting the company's net worth[54]. - The total debt-to-equity ratio is approximately 1.86, suggesting a high level of debt relative to equity[54]. - The company reported a significant increase in trade receivables, totaling NT$224,655,511,000[54]. - The total current liabilities were NT$295,181,181,000, indicating short-term financial obligations[54]. - The company has intangible assets valued at NT$109,488,390,000, contributing to its overall asset base[54]. - The total equity attributable to shareholders was NT$388,815,143,000, showing a stable equity position[54]. Cash Flow and Capital Management - Cash used in operating activities for the first half of 2023 was NT$111,471,000, significantly higher than NT$59,231,000 in the same period of 2022, indicating an increase of approximately 88.3%[57]. - The company experienced a net cash outflow of NT$133,256,000 in the first half of 2023, compared to NT$44,663,000 in the same period of 2022, marking an increase in cash outflow of about 198.5%[57]. - The company’s cash and cash equivalents at the end of June 2023 were NT$106,143,000, down from NT$124,926,000 at the end of June 2022, a decrease of approximately 15%[57]. - The company actively reviews and manages its capital structure to ensure optimal capital efficiency and shareholder returns[67]. - The company may adjust dividend payments, return capital to shareholders, issue new shares, or sell assets to maintain or adjust its capital structure[67]. Shareholder Information - As of June 30, 2023, Mr. Yang holds 37,975,000 shares, representing approximately 3.80% of the total shares, and has a total interest of 702,050,000 shares, which is 70.21% when including concert party interests[30]. - Ms. Wei holds 29,125,000 shares, representing approximately 2.91% of the total shares, with a total interest of 702,050,000 shares, or 70.21% including concert party interests[30]. - Major shareholder Kai Jian Development Limited holds 374,625,000 shares, representing 37.46% of the total shares[33]. - Ever Wealth Holdings Limited has an interest of 81,150,000 shares, which is 8.11% of the total shares[33]. - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with no dividend paid for the same period in 2022[98].

Financial Performance - For the three months ended March 31, 2023, the total revenue of the group was approximately NT$319.92 million, representing an increase of about 35.17% compared to NT$236.69 million in the same period of 2022[7]. - The group reported a total comprehensive income attributable to owners of the company of approximately NT$30.34 million for the three months ended March 31, 2023, compared to NT$22.84 million in the same period of 2022[7]. - Basic earnings per share for the group were approximately NT$2.89 cents for the three months ended March 31, 2023, compared to NT$2.37 cents in the same period of 2022[7]. - Gross profit for the period was approximately NT$96.70 million, with a gross margin of 30.23%, down from 32.16% in the same period last year[12]. - The company's net profit attributable to owners for the first quarter of 2023 was NT$28,895 thousand, representing a 21.0% increase compared to NT$23,675 thousand in the first quarter of 2022[42]. - The company reported a total comprehensive income of NT$30,335 thousand for the first quarter of 2023, compared to NT$22,843 thousand in the same period of 2022, marking a 32.7% increase[42]. - Total expenses for the three months ended March 31, 2023, were NT$269,402,000, an increase from NT$205,057,000 in the previous year[61]. Revenue Breakdown - Revenue from the turnkey solutions segment was approximately NT$164.04 million for the three months ended March 31, 2023, a significant increase of about 79.85% from NT$91.21 million in the same period of 2022, accounting for approximately 51.27% of total revenue[8]. - Revenue from the sale of second-hand semiconductor manufacturing equipment and parts was approximately NT$155.89 million for the three months ended March 31, 2023, an increase of about 7.15% from NT$145.48 million in the same period of 2022, accounting for approximately 48.73% of total revenue[11]. - Revenue from providing integrated solutions was NT$164,036 thousand, a significant increase of 80.0% from NT$91,207 thousand in the previous year[55]. - Major customer A contributed NT$149,130,000 to total revenue, significantly up from NT$50,504,000 in 2022, while customer B's contribution decreased to NT$37,036,000 from NT$56,153,000[59]. Market Outlook - The global semiconductor market is projected to decline by approximately 5% in 2023, with sales expected to drop from US$618 billion in 2022 to US$596 billion[6]. - The global semiconductor equipment market is expected to decline by 22% in 2023, with total investment projected to drop from a record US$98 billion in 2022 to US$76 billion[16]. - The automotive semiconductor revenue is projected to exceed US$250 billion by 2024, surpassing wireless communications as the largest application driving the semiconductor industry[14]. - The semiconductor industry is expected to rebound in 2024 after a downturn in 2023, driven by strong structural demand in sectors like electric vehicles and AI[14]. Corporate Governance - The audit committee, consisting of independent non-executive directors, oversees the integrity of the company's financial statements[37]. - The unaudited consolidated first-quarter results for the three months ended March 31, 2023, have been reviewed by the audit committee and management[38]. - The company has adopted the corporate governance code as per GEM listing rules, with a noted deviation regarding the separation of roles between the chairman and CEO[33]. - The company has confirmed compliance with trading regulations for directors from January 1 to March 31, 2023[32]. - The company has not established any arrangements for directors or their close associates to hold any interests in the company's shares or related securities as of March 31, 2023[26]. Shareholder Information - Major shareholder 佳建發展有限公司 holds 374,625,000 shares, representing approximately 37.46% of total shares[23]. - 台儀投資事業有限公司 has a beneficial interest of 111,300,000 shares, accounting for 11.13% of total shares[23]. - The total shares held by the group of concerted action persons is 702,050,000, which constitutes 70.21% of total shares[23]. - The company has not disclosed any other persons or entities with interests in its shares or related securities as of March 31, 2023[25]. Cost and Expenses - The cost of materials used increased to NT$153,822,000, up 50.6% from NT$102,100,000 in the previous year[61]. - Financial costs rose to NT$4.96 million, compared to NT$2.96 million in the same period last year, primarily due to rising bank loan interest rates[64]. - Research expenses decreased to NT$95,000 from NT$232,000 in the previous year, indicating a reduction in R&D investment[61]. - Depreciation of property, plant, and equipment was NT$3,419,000, down from NT$4,612,000 in the same period last year[61]. - The company recorded a net financial cost of NT$4,883,000, compared to NT$2,940,000 in the same period of 2022[65]. Dividend Policy - The company does not recommend the payment of dividends for the three months ended March 31, 2023[18].