Nanya Technology : Reports Results for the Third Quarter 2023
October 10, 2023
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2023/10/11
Nanya Technology Reports Results for the Third Quarter 2023
October 11th, 2023 - Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the third quarter, ended September 30, 2023. Nanya's quarterly sales revenue was NT$ 7,736 million, a 10.1 percent increase compared to that in the second quarter of 2023. In the third quarter of 2023, average selling prices (ASP) decreased by high-single digit percent and bit shipment increased by high-teens percent quarter over quarter.
Gross loss of the quarter was NT$ 1,953 million; gross margin was -25.2 percent; a 14.0 percentage points decrease from that in the previous quarter. Operating loss of the quarter was NT$ 4,340 million; operating margin was -56.1 percent; a 10.8 percentage points decrease from that in the last quarter. Non-operating income of the quarter was NT$ 1,198 million. The Company had net loss of NT$ 2,505 million, with net margin of -32.4 percent. Earnings per share (EPS) was NT$ -0.81 in the third quarter (based on weighted average outstanding shares of 3,098 million). Book value per share was NT$ 55.52 at the quarter end. All numbers are unaudited.
In 4Q'23, the Company's production output will be dynamically reduced by up to 20%. The second-generation of 10nm-class 16Gb DDR5 product is in pilot production as scheduled. The Company's inventory has started to decrease, and overall demand is gradually improving.
Q3 2023 Consolidated Income Statement
* EBITDA = Operating income + Depreciation & Amortization Expenses
** EPS is based on weighted average outstanding shares of 3,098 million
*** BVPS is calculated based on 3,098 million outstanding shares
Nanya Technology Corporation published this content on 11 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2023 11:40:05 UTC.
Nanya Technology Co., Ltd. is a Taiwan-based company mainly engaged in the development, manufacture and sales of memory products. The Company operates through Japan segment, United Stated segment, manufacture segment and other segment four business segments. The Manufacture segment is engaged in the manufacture and sale of semiconductor products, and the Japanese and United States segments are engaged in the sale of semiconductor products. The Company provides dynamic random access memory (DRAM) chips, including double data rate (DDR) DRAM chips, DDR2 DRAM chips, DDR3 DRAM chips and DDR4 DRAM chips, as well as low power double data rate (LPDDR), LPDDR2 and LPDDR3 memory products. The Company also provides semiconductor original equipment manufacturing (OEM) services. DRAM products are mainly used in personal computers and other electronic products. Products are mainly sold to mainland China, Taiwan, Japan, the United States, Europe and other regions.
NANYA TECHNOLOGY CORPORATION 
