Earnings per ordinary share for the quarter was NT$1.16. Earnings per ADS was US$0.183. The basic weighted average number of shares outstanding in 3Q24 was 12,436,436,695, compared with 12,414,189,313 shares in 2Q24 and 12,371,129,866 shares in 3Q23. The diluted weighted average number of shares outstanding was 12,559,358,115 in 3Q24, compared with 12,529,942,186 shares in 2Q24 and 12,566,773,628 shares in 3Q23. The fully diluted shares counted on September 30, 2024 were approximately 12,602,544,000.
Detailed Financials Section
Operating revenues increased to NT$60.49 billion. COGS increased 8.8% to NT$40.06 billion, which included 10.5% increase in depreciation and 8.2% increase in other manufacturing costs. Gross profit increased 2.2% QoQ to NT$20.43 billion. Operating expenses increased to NT$6.56 billion, as R&D grew 4.4% to NT$4.02 billion or 6.6% of revenue, while Sales & Marketing also grew 5.7% to NT$0.72 billion. Net other operating income was NT$0.23 billion. In 3Q24, operating income increased 1.5% QoQ to NT$14.10 billion.
COGS & Expenses |
|||||||||
(Amount: NT$ million) |
3Q24 |
|
2Q24 |
|
QoQ %
|
3Q23 |
|
YoY %
|
|
Operating Revenues |
60,485 |
|
56,799 |
|
6.5 |
57,069 |
|
6.0 |
|
COGS |
(40,056 |
) |
(36,816 |
) |
8.8 |
(36,608 |
) |
9.4 |
|
Depreciation |
(10,449 |
) |
(9,460 |
) |
10.5 |
(8,485 |
) |
23.1 |
|
Other Mfg. Costs |
(29,607 |
) |
(27,356 |
) |
8.2 |
(28,123 |
) |
5.3 |
|
Gross Profit |
20,429 |
|
19,983 |
|
2.2 |
20,461 |
|
(0.2 |
) |
Gross Margin (%) |
33.8 |
% |
35.2 |
% |
|
35.9 |
% |
|
|
Operating Expenses |
(6,559 |
) |
(6,311 |
) |
3.9 |
(5,722 |
) |
14.6 |
|
Sales & Marketing |
(717 |
) |
(678 |
) |
5.7 |
(735 |
) |
(2.6 |
) |
| G&A |
(1,820 |
) |
(1,804 |
) |
0.9 |
(1,731 |
) |
5.3 |
|
| R&D |
(4,022 |
) |
(3,853 |
) |
4.4 |
(3,255 |
) |
23.5 |
|
| Expected credit impairment gain (loss) |
(0 |
) |
24 |
|
- |
(1 |
) |
(91.9 |
) |
| Net Other Operating Income & Expenses |
230 |
|
219 |
|
4.8 |
573 |
|
(59.9 |
) |
| Operating Income |
14,100 |
|
13,891 |
|
1.5 |
15,312 |
|
(7.9 |
) |
