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].
靖洋集团(08257) - 2021 Q1 - 季度财报