Chang Wah Technology Co., Ltd. · TPEX:6548
Chang Wah Technology — Q3 2023 Earnings Presentation
13 slides from Chang Wah Technology's earnings presentation, Oct 27, 2023
Slide 1: October 27, 2023 CWTC (6548 TT)
October 27, 2023 CWTC (6548 TT)
Slide 2: Forward-looking Statement
Forward-looking Statement Information included in this press release that are not historical in nature are "forward looking statements“. CWTC cautions readers that forward looking statements are based on CWTC’s reasonable knowledge and current expectations and are subject to various risks and uncert
Slide 3: Agenda
Agenda 3Q23 Financial Results 4Q23 Outlook 3
Slide 4: Statements of Comprehensive Income (Quarterly)
Statements of Comprehensive Income (Quarterly) NT$ mn 3Q23** 2Q23 QoQ 3Q22 YoY Revenue 2,840 2,991 -5% 3,684 -23% Gross Profit 609 661 -8% 1,162 -48% Operating Profit 289 390 -26% 828 -65% Non-Opersting Items 245 221 11% 355 -31% Pretax Income 533 611 -13% 1,183 -55% Tax Expenses 107 120 -11% 238 -5
Slide 5: Statements of Comprehensive Income (Accumulate)
Statements of Comprehensive Income (Accumulate) NT$ mn 1~3Q 23** 1~3Q 22 YoY Revenue 8,661 11,093 -22% Gross Profit 1,947 3,449 -44% Operating Profit 1,083 2,501 -57% Non-Opersting Items 536 578 -7% Pretax Income 1,619 3,079 -47% Tax Expenses 309 631 -51% Net Income to Shareholders of the Parent Com
Slide 6: Revenue by Front-end process (Quarterly)
Revenue by Front-end process (Quarterly) 3Q 2023 3Q 2022 Stamping Stamping Etching Etching 52% 56% 44% 48% * Classified by sales amount (US$) 6
Slide 7: Revenue by Product (Quarterly)
Revenue by Product (Quarterly) 3Q 2023 3Q 2022 EMC - EMC - LED LED 8% 5% Discrete IC Discrete IC 17% 19% 37% 37% QFN 12% QFN QFP QFP 22% 14% 29% Discrete：small outline transistor, SOT * Classified by sales amount (US$) 7
Slide 8: Revenue by Application (Quarterly)
Revenue by Application (Quarterly) 3Q 2023 3Q 2022 Others Others 4% 4% Industrial Industrial 21% 3C 20% 3C 36% 43% Automotive Automotive 33% 39% * Classified by sales amount (US$) 8
Slide 9: Balance Sheet
Balance Sheet NT$ mn 3Q23* 2Q23 1Q23 Cash & Marketable Securities 5,591 6,314 6,042 Accounts Receivable 2,265 2,273 2,241 Inventories 2,140 2,293 2,348 Net PP&E 3,933 3,899 3,623 Total Assets 20,073 20,439 19,451 Current Liabilities 5,837 6,290 6,161 Total Liabilities 9,602 10,162 9,330 Total Shareh
Slide 10: Cash Flow Statement
Cash Flow Statement NT$ mn 3Q23** 2Q23 1Q23 Beginning Balance 6,241 5,978 5,625 Cash from operating activities 691 747 751 Capital expenditures (166) (454) (333) Cash dividends (753) 0 (651) Short-term loans (215) (289) 423 Bonds payable 0 0 0 Investments and others (302) 259 163 Ending Balance 5,49
Slide 11: 3Q23 Financial Results / 4Q23 Outlook
3Q23 Financial Results 4Q23 Outlook 11
Slide 12: 4Q23 Guidance
4Q23 Guidance Based on our current business outlook, the management expects: • Revenue to be between NT$ 25.66 mn and NT$ 27.24 mn Based on the exchange rate assumption of 1 US dollar to 31.8 NT dollar, the management expects: • Gross margin to be between 18.1% and 21.1% • Operating margin to be bet
Slide 13: Q&A
Q&A Investor Presentation – IR cwtkh@cwtcglobal.com 13