Issued date: 2023/10/18
Issued by: iST
iST (TWSE:3289) today (October 18, 2023) announced its self-reported financial statement of Q1-Q3 2023 on a consolidated basis.
1. Revenues in Q1-Q3 2023 totaled approximately NT$ 2.887 billion, an increase of 4.58% YoY.
2. Gross profit in Q1-Q3 2023 was about NT$ 780 million, a slight decrease of 0.28% YoY and the gross profit rate of Q1-Q3 2023 was 27.02%.
3. Net operating profit in Q1-Q3 2023 was about NT$ 256 million, a slight decrease of 11.26% YoY.
4. Net profit before tax in Q1-Q3 2023 was about NT$ 284 million, a decrease of 23.45% YoY.
5. Net profit attributable to the parent company for Q1-Q3 2023 was approximately NT$341 million, an increase of 10.00% YoY.
6. The EPS after tax for the Q1-Q3 2023 was approximately NT$4.55, a growth of 12.35% YoY.
iST stated that the slowdown in Q3 operations is due to extended verification and analysis schedules for long-term AI-related projects from international major clients, which have not been completed for revenue recognition. Additionally, the destocking process by subsidiary customers is progressing more slowly than expected, leading to order postponements. However, the cumulative revenue for the first three quarters of 2023 reached NT$ 2.887 billion (Note: NT$ 2.761 billion in the first three quarters of 2022), setting a new historical high for the same period. The cumulative net profit attributable to the parent company for the first three quarters was NT$ 341 million, a 10% increase year-on-year (Note: NT$ 310 million in the first three quarters of 2022). The cumulative EPS after tax for the first three quarters were NT$ 4.55, marking a 12.35% year-on-year increase.
iST’s 2023 Q1-Q3 consolidated results
(Unit: NT$ thousands, except EPS)
| Item | Q1-Q3 2023 |
Q1-Q3 2022 |
Increase (Decrease) % |
|---|---|---|---|
| Operating revenue |
2,887,471 | 2,760,906 | 4.58% |
| Operating gross profit |
780,315 | 782,479 | -0.28% |
| Net operating profit | 256,177 | 288,673 | -11.26% |
| Net profit before tax |
284,149 | 371,181 | -23.45% |
| The net profit attributable to the parent company | 340,651 | 309,691 | 10% |
| EPS after tax NT$ |
4.55 | 4.05 | 12.35% |
PS: The above figures are self-reported statements and have not been audited by an 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.http://www.istgroup.com