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Nanya Technology Reports Second Quarter 2009 Results |
| 8/6/2009 |
Taoyuan, Taiwan August 6th, 2009 – Nanya Technology Corporation, (TAIEX: 2408), today announced its results of the second quarter, ended on June 30, 2009. Nanya’s revenue is NTD 8,085 million, an increase of 31 percent compared to the first quarter in 2009. Net loss in the second quarter is NTD 6,549 million. ASP increased 31% quarter-over-quarter, leading to the improvement in Nanya’s results. All numbers are unaudited.
The 2009 annual shareholder's meeting held on June 1, 2009, had approved Nanya's Capital Reduction Plan, a decrease of 3,117,823,976 common shares (capital of NTD 31,178,239,760). The Company had further filed the related documentation to the Financial Supervisory Commission and received the approval with the documentation number 0980028781 on June 17, 2009. The capital change (66.43% capital reduction) brought up the net value per share to NTD 11.3 from NTD 3.79 according to the finance statement in the first quarter 2009 and the net value was NTD 9.09 ended on June 30. After capital reduction, outstanding shares were 1,575,573,549 (Capital of NTD 15,755,735,490). The scheduled suspension period of shares trading will start from August 13 to 25, and the relisting date on the Taiwan Stock Exchange (TSE) will be on August 26, 2009. Nanya expects to be back to normal stock transaction in the beginning of November.
Nanya Technology Corp. received a total amount of NT$12.22 billion for 1 billion new shares at NT$ 12.22 per share in private placement. The fund is mainly for the upgrade of its own 12 inch fab to 50nm stack technology conversion, the purchase of new equipments, and the increase of working capital.
Nanya has started migrating to 68nm stack technology for DDR3 DRAM products in the second quarter of 2009, and has scheduled to start pilot run for 50nm stack technology DRAM in the third quarter. The conversion to 50nm is scheduled to complete in the second half of 2010, achieving 50 percent cost down compared to 70nm trench technology. The full capacity is expected to reach 36 thousands wafer starts per month.
The increasing PC demand drove up DRAM ASP, leading to DRAM market recovering from the bottom in the first quarter. Demand for DDR3 has increased dramatically as systems makers of NB, DT, and Servers using DDR3 for its great performance in high speed and low voltage. Currently, DDR3 accounts for 20% (15,000 wafers starts per month) of the combined production at Nanya and Inotera Memories and is expected to exceed 30% (20,000 wafer starts per month) in the fourth quarter of 2009 and to surpass 50% in the first half of 2010.
2Q’09 Income Statement
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2Q'09
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1Q'09
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QoQ
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2Q'08
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YoY
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Million NT$
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Unaudited
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Audited
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Audited
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Net Sales
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8,085
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100%
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6,172
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100%
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31%
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9,530
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100%
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-15%
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Cost of Goods Sold
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12,281
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152%
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13,161
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213%
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12,983
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136%
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Gross Margin
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-4,196
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-52%
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-6,989
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-113%
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40%1
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-3,453
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-36%
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-22%1
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SG&A Expenses
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618
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8%
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486
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8%
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575
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6%
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R&D Expenses
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831
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10%
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871
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14%
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1,838
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19%
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Operating Income
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-5,644
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-70%
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-8,347
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-135%
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32%1
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-5,866
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-62%
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4%1
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Non-operating Income (Exp.)
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-905
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-11%
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-2,166
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-35%
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-1,426
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-15%
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Income before Tax
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-6,549
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-81%
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-10,513
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-170%
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38%1
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-7,292
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-77%
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10%1
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Income Tax Expense
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0
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0%
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0
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0%
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0
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0%
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Net Income
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-6,549
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-81%
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-10,513
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-170%
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38%1
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-7,292
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-77%
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10%1
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Note 1: “+” indicates improvement in 2Q’09, while “-” indicates the opposite.
About Nanya
Nanya Technology Corporation, a member of the Formosa Plastics Group, is a global leader in advanced memory semiconductors, focusing on research and development, design, manufacturing, and sales of DRAM products. NTC’s common stock is traded on the Taiwan Stock Exchange Corporation (TSEC) under the 2408 symbol. The company currently owns both 200mm fabrication facilities and 300mm fabrication facility in Taiwan. The company currently owns two 200mm fabrication facilities and one 300mm fabrication facility in Taiwan. The company also has a 300mm joint venture, Inotera Memories, Inc., which operates two 300mm fabrication facilities in Taiwan. Further information is available at http://www.nanya.com
Contact persons:
Spokesperson
Press Contact
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