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].
靖洋集团(08257) - 2021 Q3 - 季度财报