Earnings per ordinary share for the quarter was NT$1.11. Earnings per ADS was US$0.171. The basic weighted average number of shares outstanding in 2Q24 was 12,414,189,313, compared with 12,414,087,724 shares in 1Q24 and 12,348,986,144 shares in 2Q23. The diluted weighted average number of shares outstanding was 12,529,942,186 in 2Q24, compared with 12,577,525,057 shares in 1Q24 and 12,526,182,161 shares in 2Q23. The fully diluted shares counted on June 30, 2024 were approximately 12,530,243,000.
Detailed Financials Section
Operating revenues increased to NT$56.80 billion. COGS declined 2.4% to NT$36.82 billion. Gross profit grew 18.2% QoQ to NT$19.98 billion. Operating expenses increased to NT$6.31 billion, as R&D grew 13.1% to NT$3.85 billion or 6.8% of revenue, while G&A also increased 6.0% to NT$1.80 billion. Net other operating income was NT$0.22 billion. In 2Q24, operating income increased 19.1% QoQ to NT$13.89 billion.
COGS & Expenses |
||||||||||
(Amount: NT$ million) |
2Q24 |
|
1Q24 |
|
QoQ %
|
2Q23 |
|
YoY %
|
||
Operating Revenues |
56,799 |
|
54,632 |
|
4.0 |
|
56,296 |
|
0.9 |
|
COGS |
(36,816 |
) |
(37,733 |
) |
(2.4 |
) |
(36,044 |
) |
2.1 |
|
Depreciation |
(9,460 |
) |
(9,335 |
) |
1.3 |
|
(8,467 |
) |
11.7 |
|
Other Mfg. Costs |
(27,356 |
) |
(28,398 |
) |
(3.7 |
) |
(27,577 |
) |
(0.8 |
) |
Gross Profit |
19,983 |
|
16,899 |
|
18.2 |
|
20,252 |
|
(1.3 |
) |
Gross Margin (%) |
35.2 |
% |
30.9 |
% |
|
36.0 |
% |
|
||
Operating Expenses |
(6,311 |
) |
(5,747 |
) |
9.8 |
|
(5,718 |
) |
10.4 |
|
| Sales & Marketing |
(678 |
) |
(684 |
) |
(0.9 |
) |
(716 |
) |
(5.4 |
) |
| G&A |
(1,804 |
) |
(1,702 |
) |
6.0 |
|
(1,715 |
) |
5.2 |
|
| R&D |
(3,853 |
) |
(3,407 |
) |
13.1 |
|
(3,317 |
) |
16.1 |
|
| Expected credit impairment gain |
24 |
|
46 |
|
(47.9 |
) |
30 |
|
(21.5 |
) |
| Net Other Operating Income & Expenses |
219 |
|
513 |
|
(57.3 |
) |
1,141 |
|
(80.8 |
) |
| Operating Income |
13,891 |
|
11,665 |
|
19.1 |
|
15,675 |
|
(11.4 |
) |
