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Nanya Technology Reports Fourth Quarter 2009 & Fiscal Year 2009 Results |
| 1/21/2010 |
Sales Revenue of NTD 16,690 Million &
Net Income of NTD 211 Million in Q4’09
DDR3 Capacity is Expected to Exceed 50%
Taoyuan, Taiwan, January 20th, 2010 – Nanya Technology Corporation, (TAIEX: 2408), today announced its results of the fourth quarter, ended on December 31, 2009. Nanya’s quarterly sales revenue is NTD 16,690 million, an increase of 45 percent compared to the third quarter in 2009. Operating income in the quarter has increased to NTD 187 million from negative NTD 2,684 million in the previous quarter. Net income is NTD 211 million in the fourth quarter mainly due to 44 percent increase in DRAM ASP (Average Selling Price) quarter-over-quarter. In the fiscal year of 2009, the company posted sales revenue of NTD 42,456 million with an operating loss of 16,076 million and a net loss of NTD 20,742 million. All numbers are unaudited.
To enhance the company’s competitiveness in DRAM industry and to develop the most advanced DRAM technologies and products, Nanya Technology Corporation successfully secured funding through three rounds of financing activities in year 2009, including NTD 12.22 billion for 1 billion new shares of private placement in June, NTD 16 billion of 800 million rights issue in December, and NTD 18 billion of syndicated loan from 14 banks, led by Bank of Taiwan and Mega International Commercial Bank in November, 2009. Nanya's capital expenditure for year 2010 is estimated to be NTD 19 billion, 30% up compared to NTD 14.6 billion in 2009.
The pilot run of 50nm stack technology in Nanya’s 12 inch fab has been successfully demonstrated in October 2009. Meanwhile, the conversion to 50nm for a maximum capacity of 30,000 wafers per month is scheduled to complete in the second quarter of 2010, mainly for 2Gb DDR3 DRAM products. Furthermore, the joint development of 42nm stack technology between Nanya Technology and Micron Technology is progressing well for a production scheduled in the second half of 2010, with another 30 percent die cost reduction. The 42nm will yield 50 percent more chips from a single wafer than 50nm technology. Due to technology migration, Nanya expects to see bit growth rate of 45 percent in 2010.
Microsoft’s Windows 7 is expected to trigger corporate replacement from mid-2010. PC demand may grow significantly in 2010. With accelerating adoption rate in PCs, DDR3 will become the mainstream DRAM product from the first quarter of 2010. To meet this demand, Nanya’s DDR3 capacity has accounted for more than 30 percent of the combined production at Nanya and Inotera Memories at the end of the forth quarter, 2009 and is expected to exceed 50 percent in this current quarter of 2010. Meanwhile, the company plans to ramp its 2Gb DDR3 of 50nm DRAM capacity aggressively in 2010 to fulfill the market’s demands.
4Q’09 Income Statement
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Q4'09
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Q3'09
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QoQ
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Q4'08
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YoY
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Amount: 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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16,690
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100%
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11,509
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100%
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+45%
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6,134
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100%
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+172%
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Cost of Goods Sold
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14,837
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89%
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12,876
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112%
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10,715
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175%
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Gross Margin
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1,853
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11%
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-1,366
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-12%
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+236%
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-4,581
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-75%
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+140%
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SG&A Expenses
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737
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4%
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511
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4%
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101
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2%
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R&D Expenses
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930
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6%
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807
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7%
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1,355
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22%
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Operating Income
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187
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1%
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-2,684
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-23%
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+107%
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-6,037
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-98%
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+103%
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Non-operating Income (Exp.)
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24
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0%
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-1,215
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-11%
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-5,849
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-95%
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Income before Tax
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211
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1%
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-3,899
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-34%
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+105%
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-11,886
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-194%
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+102%
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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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211
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1%
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-3,899
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-34%
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+105%
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-11,887
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-194%
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+102%
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Note 1: “+” indicates improvement in 4Q’09.
2009 Income Statement
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Y2009
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Y2008
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YoY
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Amount: Million NT$
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Unaudited
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Audited
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Net Sales
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42,456
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100%
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36,312
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100%
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+17%
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Cost of Goods Sold
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52,755
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124%
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52,101
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143%
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Gross Margin
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-10,299
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-24%
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-15,790
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-43%
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+35%
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SG&A Expenses
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2,338
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6%
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1,928
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5%
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R&D Expenses
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3,439
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8%
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6,397
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18%
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Operating Income
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-16,076
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-38%
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-24,114
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-66%
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+33%
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Non-operating Income (Exp.)
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-4,666
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-11%
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-12,615
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-35%
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Income before Tax
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-20,742
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-49%
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-36,730
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-101%
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+44%
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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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Net Income
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-20,742
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-49%
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-36,730
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-1.012
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+44%
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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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