Nanya Technology : Reports Results for the Second Quarter 2024
July 10, 2024 at 04:34 am
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2024/7/10
Nanya Technology Reports Results for the Second Quarter 2024
July 10th, 2024 - Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the second quarter, ended June 30, 2024. Nanya's quarterly sales revenue was NT$ 9,921 million, a 4.4 percent increase compared to that in the first quarter of 2024. In the second quarter of 2024, average selling prices (ASP) increased by low teens and bit shipment decreased by mid-single digit percent quarter over quarter.
Gross profit of the quarter, including earthquake related loss of NT$657 million, was NT$ 287 million; gross margin was 2.9 percent. A 5.8 percentage points improvement from that in the previous quarter. Operating loss of the quarter was NT$ 2,319 million; operating margin was -23.4 percent; a 7.3 percentage points improvement from that in the last quarter. Non-operating income of the quarter was NT$ 1,047 million. The Company had net loss of NT$ 813 million, with net margin of -8.2 percent. Earnings per share (EPS) was NT$ -0.26 in the second quarter (based on weighted average outstanding shares of 3,099 million). Book value per share was NT$ 54.14 at the quarter end. All numbers are unaudited.
Nanya targets to ship the second generation of 10nm-class (1B) products 8Gb DDR4 and 16Gb DDR5 in the second half of 2024. In the second quarter of 2024, the Company received the platinum level certification by the Alliance for Water Stewardship (AWS), ranked top 5% in Corporate Governance by Taiwan Stock Exchange, and released its first TNFD-TCFD integrated report.
Q2 2024 Consolidated Income Statement
* EBITDA = Operating income + Depreciation & Amortization Expenses
** Recognized NT$ 657 million earthquake related loss
*** EPS is based on weighted average outstanding shares of 3,099 million
**** BVPS is calculated based on 3,099 million outstanding shares
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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 
