PANJIT INTERNATIONAL INC. AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
WITH REPORT OF INDEPENDENT ACCOUNTANTS
FOR THE NINE-MONTH PERIODS ENDED 30 SEPTEMBER 2022 AND 2021
Address: No.24, Gangshan N. Rd., Gangshan Dist., Kaohsiung City, Taiwan, R.O.C.
Telephone: 886-7-621-3121
~1~
PANJIT INTERNATIONAL INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
30 September 2022, 31 December 2021 and 30 September 2021
(30 September 2022 and 2021 are unaudited) (Expressed in Thousand of New Taiwan Dollars)
30 September 2022 | 31 December 2021 | 30 September 2021 | ||||||||||||||||||||||
Assets | Notes | Amount | % | Amount | % | Amount | % | |||||||||||||||||
Current assets | 6(1) | 8 | 13 | $2,296,370 | 10 | |||||||||||||||||||
Cash and cash equivalents | $2,510,798 | $3,413,707 | ||||||||||||||||||||||
Financial assets at fair value through profit or loss-current | 6(2) | 3,162,598 | 11 | 3,247,815 | 12 | 907,192 | 4 | |||||||||||||||||
Notes receivable, net | 6(5),(21) | 526,611 | 2 | 579,449 | 2 | 775,444 | 3 | |||||||||||||||||
Trade receivable, net | 6(6),(21) | 3,931,942 | 13 | 3,948,555 | 15 | 4,264,196 | 19 | |||||||||||||||||
Trade receivable-related | parties, net | 6(6),(21), 7 | 68,539 | - | 140,689 | 1 | 124,729 | 1 | ||||||||||||||||
Other receivable, net | 179,234 | 1 | 151,860 | 1 | 177,840 | 1 | ||||||||||||||||||
Other receivables-related | parties, net | 7 | 4,255 | - | 6,524 | - | 35,840 | - | ||||||||||||||||
Inventories, net | 6(7) | 3,687,276 | 12 | 2,421,044 | 9 | 1,913,640 | 8 | |||||||||||||||||
Prepayments | 540,045 | 2 | 520,106 | 2 | 569,822 | 3 | ||||||||||||||||||
Other current assets | 8 | 293,309 | 1 | 105,290 | - | 560,238 | 2 | |||||||||||||||||
Total current assets | 14,904,607 | 50 | 14,535,039 | 55 | 11,625,311 | 51 | ||||||||||||||||||
Non-current assets | 6(2) | 38,674 | - | - | - | - | ||||||||||||||||||
Financial assets at fair value through profit or loss-non-current | - | |||||||||||||||||||||||
Financial assets at fair value through other comprehensive income-non-current | 6(3) | 1,254,988 | 4 | 1,444,493 | 5 | 1,382,320 | 6 | |||||||||||||||||
Financial assets measured at amortized cost-non-current | 6(4) | 25,465 | - | 25,604 | - | 26,452 | - | |||||||||||||||||
Investments accounted for using the equity method | 6(8) | 2,029,596 | 7 | 2,004,283 | 8 | 1,983,996 | 9 | |||||||||||||||||
Property, plant and equipment | 6(9),7 | 6,574,413 | 22 | 5,306,044 | 20 | 5,198,510 | 23 | |||||||||||||||||
Right-of-use assets | 6(22) | 1,281,840 | 4 | 1,347,255 | 5 | 1,187,689 | 5 | |||||||||||||||||
Intangible assets | 6(10),(11),(28) | 1,625,932 | 5 | 218,378 | 1 | 228,999 | 1 | |||||||||||||||||
Deferred tax assets | 469,732 | 2 | 367,714 | 1 | 338,223 | 2 | ||||||||||||||||||
Prepayment for equipments | 889,257 | 3 | 833,325 | 3 | 384,247 | 2 | ||||||||||||||||||
Refundable deposits | 8 | 629,548 | 2 | 540,443 | 2 | 275,114 | 1 | |||||||||||||||||
Other non-current assets | 8 | 138,536 | 1 | 30,211 | - | 16,311 | - | |||||||||||||||||
Total non-current assets | 14,957,981 | 50 | 12,117,750 | 45 | 11,021,861 | 49 | ||||||||||||||||||
Total assets | $29,862,588 | 100 | $26,652,789 | 100 | $22,647,172 | 100 | ||||||||||||||||||
30 September 2022 | 31 December 2021 | 30 September 2021 | ||||||||||||||||||||||
Liabilities and Equity | Notes | Amount | % | Amount | % | Amount | % | |||||||||||||||||
Current liabilities | ||||||||||||||||||||||||
Short-term borrowings | 6(12) | $5,229,183 | 18 | $3,219,218 | 12 | $3,407,519 | 15 | |||||||||||||||||
Financial liabilities at fair value through profit or loss-current | 6(13) | 6,804 | - | - | - | - | - | |||||||||||||||||
Contract liabilities-current | 6(20) | 6,358 | - | 16,850 | - | 20,214 | - | |||||||||||||||||
Notes payable | 6(14) | 805,333 | 3 | 754,823 | 3 | 728,751 | 3 | |||||||||||||||||
Trade payable | 1,379,539 | 5 | 2,046,066 | 8 | 1,738,212 | 8 | ||||||||||||||||||
Trade payable-related | parties | 7 | 73,435 | - | 186,250 | 1 | 184,089 | 1 | ||||||||||||||||
Other payables | 1,508,511 | 5 | 1,553,563 | 6 | 1,358,784 | 6 | ||||||||||||||||||
Other payables-related | parties | 7 | 38,431 | - | 40,556 | - | 39,264 | - | ||||||||||||||||
Current tax liabilities | 274,058 | 1 | 326,537 | 1 | 236,413 | 1 | ||||||||||||||||||
Lease liabilities-current | 6(22), 7 | 51,974 | - | 52,314 | - | 35,455 | - | |||||||||||||||||
Current portion of long-term borrowings | 6(16), 8 | 369,583 | 1 | 32,458 | - | - | - | |||||||||||||||||
Other current liabilities | 99,757 | - | 16,988 | - | 35,457 | - | ||||||||||||||||||
Total current liabilities | 9,842,966 | 33 | 8,245,623 | 31 | 7,784,158 | 34 | ||||||||||||||||||
Non-current liabilities | ||||||||||||||||||||||||
Long-term borrowings | 6(16), 8 | 4,318,878 | 15 | 4,551,794 | 17 | 5,913,546 | 26 | |||||||||||||||||
Deferred tax liabilities | 110,429 | - | 78,229 | - | 82,069 | - | ||||||||||||||||||
Lease liabilities-non-current | 6(22),7 | 332,257 | 1 | 351,589 | 1 | 167,491 | 1 | |||||||||||||||||
Long-term deferred revenue | 6(15) | 104,089 | - | 102,150 | - | 104,099 | - | |||||||||||||||||
Defined benefit liabilities-non-current | 93,830 | - | 105,561 | 1 | 108,731 | 1 | ||||||||||||||||||
Other non-current liabilities | 112,573 | 1 | 106,841 | 1 | 117,894 | 1 | ||||||||||||||||||
Total non-current liabilities | 5,072,056 | 17 | 5,296,164 | 20 | 6,493,830 | 29 | ||||||||||||||||||
Total liabilities | 14,915,022 | 50 | 13,541,787 | 51 | 14,277,988 | 63 | ||||||||||||||||||
Equity attributable to the parent company | ||||||||||||||||||||||||
Capital | ||||||||||||||||||||||||
Common stock | 6(18) | 3,828,149 | 13 | 3,828,149 | 14 | 3,328,149 | 15 | |||||||||||||||||
Capital Surplus | 6(18) | 6,016,123 | 20 | 6,086,155 | 23 | 2,277,805 | 10 | |||||||||||||||||
Retained earnings | 6(18) | |||||||||||||||||||||||
Legal reserve | 505,733 | 2 | 328,134 | 1 | 328,134 | 1 | ||||||||||||||||||
Special reserve | 717,237 | 2 | 717,237 | 3 | 717,237 | 3 | ||||||||||||||||||
Unappropriated earnings | 2,521,642 | 8 | 2,204,637 | 8 | 1,937,157 | 9 | ||||||||||||||||||
Total retain earnings | 3,744,612 | 12 | 3,250,008 | 12 | 2,982,528 | 13 | ||||||||||||||||||
Other components of equity | 118,576 | 1 | (251,937) | (1) | (354,135) | (2) | ||||||||||||||||||
Treasury stock | 6(18) | (16,507) | - | (16,507) | - | (16,507) | - | |||||||||||||||||
Total equity attributable to the parent company | 13,690,953 | 46 | 12,895,868 | 48 | 8,217,840 | 36 | ||||||||||||||||||
Non-controlling interests | 6(18) | 1,256,613 | 4 | 215,134 | 1 | 151,344 | 1 | |||||||||||||||||
Total equity | 14,947,566 | 50 | 13,111,002 | 49 | 8,369,184 | 37 | ||||||||||||||||||
Total liabilities and equity | $29,862,588 | 100 | $26,652,789 | 100 | $22,647,172 | 100 | ||||||||||||||||||
(The accompanying notes are an integral part of the consolidated financial statements.)
~3~
PANJIT INTERNATIONAL INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the three-month and nine-month periods ended 30 September 2022 and 2021 (Expressed in Thousand of New Taiwan Dollars)
For the three-month periods ended 30 September | For the nine-month periods ended 30 September | |||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||
Items | Notes | Amount | % | Amount | % | Amount | % | Amount | % | |||||||||||||||||
Operating revenues | 6(20),7 | $3,168,567 | 100 | $3,701,891 | 100 | $10,369,798 | 100 | $10,434,368 | 100 | |||||||||||||||||
Operating costs | 6(7),(22),(23),7 | (2,227,774) | (70) | (2,416,610) | (65) | (7,120,239) | (69) | (7,144,639) | (68) | |||||||||||||||||
Gross profit | 940,793 | 30 | 1,285,281 | 35 | 3,249,559 | 31 | 3,289,729 | 32 | ||||||||||||||||||
Operating expenses | 6(21),(22),(23),7 | |||||||||||||||||||||||||
Selling expenses | (171,854) | (5) | (169,466) | (5) | (518,635) | (5) | (478,613) | (5) | ||||||||||||||||||
General and administrative expenses | (265,063) | (8) | (293,944) | (8) | (810,124) | (7) | (783,374) | (8) | ||||||||||||||||||
Research and development expenses | (204,621) | (7) | (110,958) | (3) | (507,636) | (5) | (310,172) | (3) | ||||||||||||||||||
Expected credit gains | 2,102 | - | 792 | - | 8,382 | - | 638 | - | ||||||||||||||||||
Subtotal | (639,436) | (20) | (573,576) | (16) | (1,828,013) | (17) | (1,571,521) | (16) | ||||||||||||||||||
Operating income | 301,357 | 10 | 711,705 | 19 | 1,421,546 | 14 | 1,718,208 | 16 | ||||||||||||||||||
Non-operating income and expenses | 6(22),(24),7 | |||||||||||||||||||||||||
Interest income | 34,115 | 1 | 23,640 | 1 | 97,036 | 1 | 77,256 | 1 | ||||||||||||||||||
Other income | 22,151 | 1 | 26,634 | 1 | 76,305 | 1 | 92,768 | 1 | ||||||||||||||||||
Other gains and losses | 151,843 | 5 | 1,833 | - | 330,164 | 3 | 1,117 | - | ||||||||||||||||||
Finance costs | (36,827) | (1) | (22,880) | (1) | (94,917) | (1) | (71,077) | (1) | ||||||||||||||||||
Share of profit or loss of associates under equity method | 6(8) | 49,252 | 1 | 37,140 | 1 | 105,071 | 1 | 69,858 | 1 | |||||||||||||||||
Subtotal | 220,534 | 7 | 66,367 | 2 | 513,659 | 5 | 169,922 | 2 | ||||||||||||||||||
Pretax income from continuing operations | 521,891 | 17 | 778,072 | 21 | 1,935,205 | 19 | 1,888,130 | 18 | ||||||||||||||||||
Income tax expenses | 6(26) | (85,965) | (3) | (139,692) | (4) | (326,514) | (3) | (400,236) | (4) | |||||||||||||||||
Profit from continuing operations | 435,926 | 14 | 638,380 | 17 | 1,608,691 | 16 | 1,487,894 | 14 | ||||||||||||||||||
Net income | 435,926 | 14 | 638,380 | 17 | 1,608,691 | 16 | 1,487,894 | 14 | ||||||||||||||||||
Other comprehensive income (loss) | 6(25),(26) | |||||||||||||||||||||||||
Items that will not be reclassified subsequently to profit or loss: | ||||||||||||||||||||||||||
Unrealized gains (losses) from equity instrument investments measured at fair value | (102,859) | (3) | 213,062 | 6 | (305,234) | (3) | 254,607 | 3 | ||||||||||||||||||
through other comprehensive income | ||||||||||||||||||||||||||
Income tax related to items that will not be reclassified | (944) | - | (636) | - | 471 | - | (915) | - | ||||||||||||||||||
Items that may be reclassified subsequently to profit or loss: | ||||||||||||||||||||||||||
Exchange differences arising on translation of foreign operations | 315,573 | 10 | (29,460) | (1) | 755,772 | 7 | (195,251) | (2) | ||||||||||||||||||
Total other comprehensive income (loss), net of tax | 211,770 | 7 | 182,966 | 5 | 451,009 | 4 | 58,441 | 1 | ||||||||||||||||||
Total comprehensive income (loss) | $647,696 | 21 | $821,346 | 22 | $2,059,700 | 20 | $1,546,335 | 15 | ||||||||||||||||||
Net income (loss) attributable to: | ||||||||||||||||||||||||||
Stockholders of the parent | $425,637 | 14 | $623,798 | 17 | $1,608,181 | 16 | $1,478,784 | 14 | ||||||||||||||||||
Non-controlling interests | 10,289 | - | 14,582 | - | 510 | - | 9,110 | - | ||||||||||||||||||
$435,926 | 14 | $638,380 | 17 | $1,608,691 | 16 | $1,487,894 | 14 | |||||||||||||||||||
Comprehensive income (loss) attributable to: | ||||||||||||||||||||||||||
Stockholders of the parent | $628,875 | 20 | $801,211 | 21 | $1,974,675 | 19 | $1,535,456 | 15 | ||||||||||||||||||
Non-controlling interests | 18,821 | 1 | 20,135 | 1 | 85,025 | 1 | 10,879 | - | ||||||||||||||||||
$647,696 | 21 | $821,346 | 22 | $2,059,700 | 20 | $1,546,335 | 15 | |||||||||||||||||||
Earnings per share (NTD) | 6(27) | |||||||||||||||||||||||||
Basic earnings per share | $1.11 | $1.88 | $4.21 | $4.45 | ||||||||||||||||||||||
Diluted earnings per share | $1.11 | $1.87 | $4.20 | $4.43 | ||||||||||||||||||||||
(The accompanying notes are an integral part of the consolidated financial statements.)
~4~
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Pan Jit International Inc. published this content on 28 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2022 08:13:03 UTC.