- 4.4% Increase in 3Q24 Revenue Compared to 2Q24, 8.7% Growth
Compared to 3Q23
- 3.4% Expansion of 3Q24 Gross Profit Compared to
2Q24
- Overall Utilization Rate Remains Healthy at 67%
- Net Earnings of NT$0.41 per
Basic Common Share or US$0.26 per
Basic ADS Compared to Net Earnings of NT$0.62 per Basic Common Share or US$0.39 per Basic ADS in 2Q24
- Strong Financial Position and Liquidity with NT$13,776.6 Million or US$435.3 Million Balance of Cash and Cash
Equivalents
HSINCHU, Taiwan, Nov. 5, 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 third quarter ended September 30, 2024. All U.S. dollar figures cited
in this press release are based on the exchange rate of
NT$31.65 against US$1.00 as of September
30, 2024.
All the figures were prepared in accordance with
Taiwan-International Financial Reporting Standards
("Taiwan-IFRS").
Revenue for the third quarter of 2024 was NT$6,068.0 million or US$191.7 million, an increase of 4.4% from
NT$5,809.6 million or US$183.6 million in the second quarter of 2024
and an increase of 8.7% from NT$5,581.5
million or US$176.4 million
for the same period in 2023.
Net non-operating expenses in the third quarter of 2024 were
NT$65.3 million or US$2.1 million, compared to net non-operating
income of NT$127.6 million or
US$4.0 million in the second quarter
of 2024, and net non-operating income of NT$230.9 million or US$7.3
million in the third quarter of 2023. Third quarter of 2024
results were impacted by a foreign exchange loss of NT$73 million or US$2.3
million, compared to a foreign exchange gain of NT$25 million or US$0.8
million in the second quarter of 2024, and a foreign
exchange gains of NT$167 million or
US$5.3 million in the third quarter
of 2023. Third quarter of 2024 results include a decrease
of a gain on disposal of non-current assets held for sale of
NT$72 million or US$2.3 million, and a gain on valuation of
financial assets at fair value through profit or loss of
NT$18 million or US$0.6 million compared to the second quarter of
2024. Third quarter of 2024 results also include the adverse impact
of a loss on the share of associates accounted for using equity
method of NT$5 million or
US$0.1 million, compared to a profit
on the share of associates accounted for using equity method of
NT$63 million or US$2.0 million in the third quarter of 2023.
Net profit attributable to equity holders of the Company for the
third quarter of 2024 was NT$299.4
million or US$9.5million, and
NT$0.41 or US$0.01 per basic common share, as compared to
NT$450.6 million or US$14.2 million, and NT$0.62 or US$0.02
per basic common share in the second quarter of 2024. This compares
to NT$580.6 million or US$18.3 million, and NT$0.80 or US$0.03
per basic common share in the third quarter of 2023. Net
earnings for the third quarter of 2024 were US$0.26 per basic ADS, compared to US$0.39 per basic ADS for the second quarter of
2024 and US$0.50 per basic ADS in the
third quarter of 2023.
Net free cash outflow for the first nine months of 2024 was
NT$400.6 million or US$12.7 million, primarily in support of capacity
additions in the Company's long-term growth segments, with a strong
balance of cash and cash equivalents of NT$13,776.6 million or US$435.3 million.
Third Quarter 2024 Investor Conference Call / Webcast
Details
Date: Tuesday, November 5, 2024
Time: 4:00PM Taiwan
(3:00AM New
York)
Dial-In: +886-2-33961191
Password: 1625505 #
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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SOURCE ChipMOS TECHNOLOGIES INC.