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].
靖洋集团(08257) - 2023 Q3 - 季度财报