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].
靖洋集团(08257) - 2023 Q1 - 季度财报