PR Newswire
Revenue Increases 1.9% Compared to 1Q22
Gross Margin Increases 40 Basis Points from 1Q22 to 25.4%
Net Earnings Increase to
NT$1.82
or
US$0.06
per Basic Common Share or
US$1.22
per Basic ADS, up 8.3% Compared to 1Q22
Strong Free Cash Flow of
US$78.0 Million
in the First Half of 2022, with a Further Expansion of Cash and Cash Equivalents Balance to
US$244.4 Million
Distributed Cash Dividend of
NT$4.3
Per Common Share on
July 20, 2022
and
US$2.876
Per ADS on
July 27, 2022
HSINCHU
,
Aug. 4, 2022
/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 second quarter ended
June 30
, 2022. All U.S. dollar figures cited in this press release are based on the exchange rate of
NT$29
.74 against
US$1.00
as of
June 30, 2022
.
All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards (“Taiwan-IFRS”).
Revenue for the second quarter of 2022 was
NT$6,851.7
million or
US$230
.4 million, an increase of 1.9% from
NT$6,725.2 million
or
US$226.1
million in the first quarter of 2022 and a decrease of 1.9% from
NT$6,982
.3 million or
US$234.8 million
for the same period in 2021.
Net non-operating income in second quarter of 2022 was
NT$308.9 million
or
US$10.4 million
, compared to
NT$229.0 million
or
US$7.7 million
in the first quarter of 2022, and net non-operating expenses of
NT$18.9 million
or
US$0.6 million
in the second quarter of 2021. Second quarter 2022 results benefitted from a foreign exchange gain of
NT$82 million
or
US$2.8 million
, share of profit of associates accounted for using equity method of
NT$41 million
or
US$1.4 million
and a
NT$10 million
or
US$0.3 million
decrease in finance expense compare to the prior quarter. This was partially offset by an increase of loss on valuation of financial assets at fair value through profit or loss of
NT$54 million
or
US$1.8 million
.
Net profit attributable to equity holders of the Company for the second quarter of 2022 was
NT$1,320.6 million
or
US$44.4 million
, and
NT$1.82
or
US$0.06
per basic common share, as compared to
NT$1,224.7 million
or
US$41.2 million
, and
NT$1.68
or
US$0.06
per basic common share in the first quarter of 2022, and
NT$1,283.6 million
or
US$43.2 million
, and
NT$1.76
or
US$0
.06 per basic common share in the second quarter of 2021. Net earnings for the second quarter of 2022 were
US$1.22
per basic ADS, compared to
US$1.13
per basic ADS for the first quarter of 2022 and
US$1.19
per basic ADS in the second quarter of 2021.
Free cash flow for the first half of 2022 was
NT$2,321.0 million
or
US$78.0 million
, with a balance of cash and cash equivalents was
NT$7,269.6
million or
US$244.4 million
.
Second
Quarter 202
2
Investor Conference Call / Webcast Details
Date:
Thursday, August 4, 2022
Time: 3:00PM
Taiwan
(
3:00AM
New York
)
Dial-In: +886-2-21928016
Password: 856969 #
Webcast of Live Call and Replay:
https://www.chipmos.com/chinese/ir/info2.aspx
Replay Starting 2 Hours After Live Call Ends
Language: Mandarin
Note:
An English transcript will be provided on the Company’s website following the Mandarin 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.
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SOURCE ChipMOS TECHNOLOGIES INC.
