Financial Highlights:
- 22.2% Increase in Q4 2023 Revenue Compared to Q4
2022; 2.6% Increase Compared to Q3 2023; Full Year 2023 Revenue
Declines 9.2% Compared to Prior Year
- 560 Basis Point Increase in Q4 2023 Gross Margin Compared to
Q4 2022, and 420 Basis Point Increase Compared to Q3 2023; Full
Year 2023 Gross margin Declines 430 Basis Points Compared to
2022
- Net Earnings Tripled to NT$0.66 Per Common Share in Q4 2023 From
NT$0.22 in Q4 2022, and
Decreased NT$0.14 Compared to
NT$0.80 in Q3 2023; Full Year 2023
Net Earnings of NT$2.60 Per
Common Share Compared to NT$4.64 for the Full Year 2022
- Strong Financial Position and Liquidity with NT$12,354.0 Million or US$403.5 Million Balance of Cash and Cash
Equivalents
- Dividend of NT$1.8 Per Share
Authorized by Board Pending Shareholder Approval at May 2024 AGM
HSINCHU, Feb. 22,
2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES
INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and
NASDAQ: IMOS), an industry leading provider of outsourced
semiconductor assembly and test services ("OSAT"), today reported
consolidated financial results for the fourth quarter and the full
year ended December 31, 2023. All
U.S. dollar figures cited in this press release are based on the
exchange rate of NT$30.62 against
US$1.00 as of December 29, 2023.
All the figures were prepared in accordance with
Taiwan-International Financial Reporting Standards
("Taiwan-IFRS").
Revenue for the fourth quarter of 2023 was NT$5,725.4 million or US$187.0 million, an increase of 2.6% from
NT$5,581.5 million or US$182.3 million in the third quarter of 2023 and
an increase of 22.2% from NT$4,686.2
million or US$153.0 million
for the same period in 2022. Revenue for the fiscal year
ended December 31, 2023 was
NT$21,356.2 million or US$697.5 million, a decrease of 9.2% from
NT$23,517.1 million or US$768.0 million for the fiscal year ended
December 31, 2022.
Net non-operating expenses in the fourth quarter of 2023 was
NT$137.0 million or US$4.5 million, compared to net non-operating
income of NT$230.9 million or
US$7.5 million in the third quarter
of 2023, and net non-operating expenses of NT$130.0 million or US$4.2
million in the fourth quarter of 2022. The variance is
mainly due to an increased foreign exchange loss in the fourth
quarter of 2023.
Net non-operating income of the Company for the fiscal year
ended December 31, 2023 was
NT$359.8 million or US$11.8 million, compared to NT$811.2 million or US$26.5 million for the fiscal year ended
December 31, 2022. The decrease is
mainly due to a reduced foreign exchange gain and share of profit
of associates accounted for using equity method, which was
partially offset by an increase in interest income.
Net profit attributable to equity holders of the Company for the
fourth quarter of 2023 was NT$482.0
million or US$15.7 million,
and NT$0.66 or US$0.02 per basic common share, as compared to
NT$580.6 million or US$19.0 million, and NT$0.80 or US$0.03
per basic common share in the third quarter of 2023. This
compares to NT$154.9 million or
US$5.1 million, and NT$0.22 or US$0.01
per basic common share in the fourth quarter of 2022. Net
earnings for the fourth quarter of 2023 were US$0.43 per basic ADS, compared to US$0.52 per basic ADS for the third quarter of
2023 and US$0.14 per basic ADS in the
fourth quarter of 2022.
Net profit attributable to equity holders of the Company for the
fiscal year ended December 31, 2023
was NT$1,893.4 million or
US$61.8 million, and NT$2.60 or US$0.08
per basic common share, compared to net profit attributable to
equity holders of the Company for the fiscal year ended
December 31, 2022 was NT$3,372.0 million or US$110.1 million, and NT$4.64 or US$0.15
per basic common share. Net earnings for the fiscal year ended
December 31, 2023 were US$1.70 per basic ADS, compared to US$3.03 per basic ADS for the fiscal year ended
December 31, 2022.
Net free cash flow for the fiscal year ended December 31, 2023 was NT$1,339.0 million or US$43.7 million, with a balance of cash and cash
equivalents was NT$12,354.0 million
or US$403.5 million.
Fourth Quarter and Full Year 2023 Investor Conference Call /
Webcast Details
Date: Thursday, February 22, 2024
Time: 3:00PM Taiwan
(2:00AM New
York)
Dial-In: +886-2-33961191
Password: 1415022 #
Webcast and
Replay: https://www.chipmos.com/chinese/ir/info2.aspx
Replay: Starts approximately 2 hours after the live call
ends
Language: Mandarin
Note: A transcript will be provided on the Company's
website in English following the conference call to help ensure
transparency, and to facilitate a better understanding of the
Company's financial results and operating environment.
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES
INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and
NASDAQ: IMOS) (www.chipmos.com) is an industry leading provider of
outsourced semiconductor assembly and test services. With advanced
facilities in Hsinchu Science Park, Hsinchu Industrial Park and
Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record
of excellence and history of innovation. The Company provides
end-to-end assembly and test services to leading fabless
semiconductor companies, integrated device manufacturers and
independent semiconductor foundries serving virtually all end
markets worldwide.
Forward-Looking Statements
This press release may
contain certain forward-looking statements. These forward-looking
statements may be identified by words such as 'believes,'
'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,'
'estimates,' 'future' or similar expressions or by discussion of,
among other things, strategies, goals, plans or intentions. These
statements may include financial projections and estimates and
their underlying assumptions, statements regarding plans,
objectives and expectations with respect to future operations,
products and services, and statements regarding future performance.
Actual results may differ materially in the future from those
reflected in forward-looking statements contained in this document,
due to various factors. Further information regarding these risks,
uncertainties and other factors are included in the Company's most
recent Annual Report on Form 20-F filed with the U.S. Securities
and Exchange Commission (the "SEC") and in the Company's other
filings with the SEC.
Contacts:
In Taiwan
Jesse Huang
ChipMOS TECHNOLOGIES INC.
+886-6-5052388 ext. 7715
IR@chipmos.com
|
In the U.S.
David Pasquale
Global IR Partners
+1-914-337-8801
dpasquale@globalirpartners.com
|
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content:https://www.prnewswire.com/news-releases/chipmos-reports-fourth-quarter-and-full-year-2023-results-302068305.html
SOURCE ChipMOS TECHNOLOGIES INC.