ASM太平洋(00522) - 2022 Q3 - 季度财报

Financial Performance - For the first nine months of 2022, ASMPT reported sales revenue of HKD 150.3 billion (USD 19.2 billion), a year-on-year decrease of 4.5%[3] - Net profit for the first nine months was HKD 23.5 billion, reflecting a year-on-year growth of 3.8%[3] - The gross profit margin for the first nine months was 41.1%, an increase of 77 basis points year-on-year[2] - The operating profit margin for the first nine months was 17.6%, a decrease of 83 basis points year-on-year[2] - Basic earnings per share for the first nine months were HKD 5.71, up 4.0% year-on-year[31] - The total comprehensive income for the three months ended September 30, 2022, was HKD 53,913,000, compared to HKD 915,765,000 in the same period last year[20] - The company reported a net profit of HKD 616,825 for the three months ended September 30, 2022, compared to HKD 1,003,701 in the same period of 2021, representing a decline of 38.4%[48] - Basic and diluted earnings per share for the three months ended September 30, 2022, were HKD 1.49, down from HKD 2.43 in the same period of 2021[54] Orders and Backlog - The total new orders for the first nine months amounted to HKD 153.2 billion (USD 19.6 billion), down 26.6% year-on-year[2] - As of September 30, 2022, the total backlog of orders was HKD 100.6 billion (USD 12.8 billion), with a book-to-bill ratio of 1.02[6] - The total new orders in Q3 2022 were HKD 36.3 billion (USD 4.62 billion), a decline of 36.6% year-on-year and 22.0% quarter-on-quarter[2] - The total new orders amounted to HKD 3.63 billion (USD 462 million), down 36.6% year-on-year and 22.0% quarter-on-quarter, primarily due to weak demand in the communications, computer, and consumer end markets[38] Segment Performance - The automotive segment's sales revenue grew due to the acceleration of automotive electrification trends, contributing positively to the overall performance[7] - The semiconductor solutions segment reported new orders of HKD 1.49 billion (USD 189 million) in Q3 2022, down 58.0% year-on-year and 30.3% quarter-on-quarter[11] - The sales revenue for the semiconductor segment was HKD 2.21 billion (USD 281 million), a year-on-year decrease of 37.8% and a quarter-on-quarter decrease of 28.1%[11] - The SMT segment achieved sales revenue of HKD 2.35 billion (USD 300 million), accounting for 51.6% of total group sales, with a year-on-year decrease of 12.3% but a quarter-on-quarter increase of 10.4%[14] Forecasts and Future Outlook - The company forecasts Q4 2022 sales revenue to be between USD 4.55 billion and USD 5.25 billion[2] - The forecast for Q4 2022 sales revenue is between USD 455 million and USD 525 million, indicating a year-on-year and quarter-on-quarter decline of approximately 38% and 16%, respectively[16] - The semiconductor PAE market is projected to grow from USD 6.5 billion in 2021 to USD 8.3 billion by 2027, with a compound annual growth rate of 4.3%[17] - The company expects to continue focusing on market expansion and new product development in the upcoming quarters[20] Research and Development - The company continues to invest in research and development to position itself favorably for future opportunities in the semiconductor and electronics manufacturing sectors[17] - The company incurred research and development expenses of HKD 498,365,000 for the three months ended September 30, 2022, slightly down from HKD 520,755,000 in the same period of 2021[19] - Research and development expenses for the nine months ended September 30, 2022, were HKD 1,502,011, an increase of 6.5% from HKD 1,410,943 in the previous year[47] Financial Position - The company reported a decrease in total assets to HKD 15,033,061,000 for the nine months ended September 30, 2022, from HKD 15,746,900,000 in the same period of 2021[19] - The company holds cash and bank deposits of HKD 3.90 billion as of September 30, 2022, down from HKD 4.49 billion a year earlier[43] - The company’s financial expenses for the nine months ended September 30, 2022, were HKD 90,381, slightly up from HKD 88,318 in the previous year[47] - The company’s effective tax rate for the three months ended September 30, 2022, was approximately 25% compared to 22.9% in the same period of 2021[47] Dividend and Share Buyback - The group plans to maintain a dividend payout ratio of approximately 50% and has initiated a share buyback program with a budget of up to HKD 420 million[15]