Issued date: 2020/10/19
Issued by: iST
iST (TWSE:3289) today (October 19, 2020) announced its self-clearing financial statement of Q3 2020 on a consolidated basis.
1. Revenues for Q3 2020 totaled approximately NT$ 769 million, an increase of 1.33% QoQ.
2. Gross profit in Q3 2020 was about NT$ 215 million, an increase of 0.04% QoQ, and the gross profit rate of Q3 is 27.98%.
3. Net operating profit in Q3 2020 was about NT$ 63 million, an increase of 11.23% QoQ.
4. Net profit before tax in Q3 2020 was about NT$ 76 million, an increase of 15.34% QoQ.
5. Net profit attributable to parent company after tax for Q3 2020 was approximately NT$ 85 million, which increased 12.71% QoQ.
6. EPS for Q3 was approximately NT$0.90.
iST said, the approximate revenues in Q3 were NT$ 769 million, an increase of 1.33% and 7.73% compared to Q2 2020 and Q3 2019, respectively. The accumulated consolidated revenues in the first three quarters were NT$2.272 billion, an increase of 25.96% YoY.
In addition, the net profit attributable to parent company after tax of iST’s first three quarters was NT$ 229 million, and EPS was NT$2.45, which has exceeded NT$ 77 million and NT$1.10 of the relevant figures in whole 2019 respectively. The above means the first three quarters profit of iST in 2020 has not only exceeded the annual one of 2019, but more than doubled. The growing business mainly related to the three reasons, i.e., advanced manufacturing process, advanced packaging and demand of 5G chips verification.
iST is the very first laboratory for verification and tests of electronic industry in Taiwan. It has provided one-stop verification solutions including Reliability Verification (RA), Failure Analysis (FA), and Material Analysis (MA) to thousands of customers over the past 26 years. iST’s customers cover the whole spectrum of the global electronics industry from IC design house, wafer foundry to packaging and testing factory, it is also a third-party impartial laboratory recognized by many global brands.
In response to the miniaturization of wafer fabrication in accordance with Moore’s Law and the heterogeneous material integration in advanced packaging, as well as demand for 5G chips verification on R&D stage, orders for RA, FA and MA of iST have been growing continually, thus, these were the driving momentum for iST’s business in 2020.
In addition to the outstanding performance on profit, there was also good news from the connectivity signal integrity test lab of iST that it has been certified by the HDMI Licensing Administrator, Inc. as the Authorized Testing Center (ATC) of Ultra High Speed HDMI® Cable Certification Program (UHS Program) through the audit of Simplay Labs. iST is now ready to assist manufacturers in verifying cable, including pre-test, other verifications, R&D technical consultation, etc., and gradually assist them in acquiring HDMI 2.1 ultra-high-speed transmission cable certification.
iST pointed, with the launch of 8K related audio-visual products, the corresponding signal transmission speed and quality also need to keep up-to-date with the changes. The UHS Program ensures the HDMI 2.1 cables reach the market and support 4K and 8K video, and also required to be tested and certified to ensure low EMI, and the bandwidth capability is increased up to 48Gbps.
iST’s 2020 Q3 consolidated results
(Unit: NT$ thousands, except EPS)
| Item | Q3 2020 |
Q2 2020 |
Increase (Decrease) % |
|---|---|---|---|
| Operating revenue |
769,495 | 759,373 | 1.33% |
| Operating gross profit |
215,272 | 215,195 | 0.04% |
| Net operating profit and (loss) | 63,387 | 56,986 | 11.23% |
| Net profit and (loss) before tax |
75,589 | 65,534 | 15.34% |
| Net profit and (loss) after tax attributable to the parent company | 84,544 | 75,011 | 12.71% |
| EPS and
(negative EPS) |
0.90 | 0.80 | 12.50% |
PS: Above figures are self-clearing statements, and has not approved by the accountant.
About Integrated Service Technology
Founded in 1994, iST began its business from IC circuit debugging and modification and gradually expanded its scope of operations, including failure analysis, reliability verification, material analysis and so on. iST has offered full-scope verification and analysis services to the IC engineering industry, its customers cover the whole spectrum of the electronics industry from IC design to end products.
In response to rising Cloud Intelligence, Internet of Things (IoT) and Internet of Vehicles (IoV), iST not only focuses on its core services but is also expanding its service offerings based on international trends, such as automotive electronic verification platforms, signal integrity testing services and wafer backend process integrated services.
http://www.istgroup.com