Apacer Technology, a major memory manufacturer, has now announced its third-quarter financial report. Although affected by the slump in memory prices, operations remained stable in the third quarter, with consolidated revenue of NT$2.245 billion and net profit after tax attributable to the parent company of NT$125 million, both better than the same period last year, with net profit per share of NT$1.16.
Apacer announced that its consolidated revenue in the third quarter increased by 6.2% quarter-on-quarter to 2.245 billion yuan, an increase of 5.5% from the same period last year, the average gross profit margin decreased by 1.8 percentage points quarter-on-quarter to 17.2%, an increase of 0.8 percentage points from the same period last year, and operating profit decreased by 16.9% quarter-on-quarter The net profit after tax attributable to the parent company decreased by 15.0% to 125 million yuan, an increase of 11.6% compared with the same period last year, and the net profit per share was 1.16 yuan.
Apacer's consolidated revenue in the first three quarters was 6.662 billion yuan, an increase of 1.7% over the same period last year, the average gross profit margin increased by 1.2 percentage points to 19.0%, operating profit was 529 million yuan, an increase of 6.9% over the same period last year, and the after-tax net profit attributable to the parent company was 4.31 100 million yuan, an increase of 6.4% compared with the same period last year, and net profit per share was 4.16 yuan.
In the first half of the year, Apacer started to adjust the inventory. In the third quarter, the inventory level dropped to the normal level of 1.221 billion yuan. The continued price decline in the fourth quarter has greatly eased the operating pressure.
Due to the impact of global inflation on the sales of smartphones and personal computers, the memory market is still oversupplied and prices continue to fall in the fourth quarter, and the memory market is bleak.
Apacer said that the company is targeting memory applications such as automotive and industrial control to reduce the impact of sluggish consumer market demand. Therefore, the legal person estimates that the operating performance of Apacer in the fourth quarter will be about the same as that in the third quarter.
Apacer has started to adjust inventory in the first half of the year. In the third quarter, the inventory level dropped to the normal level of 1.221 billion yuan. The continued price decline in the fourth quarter has greatly eased the operating pressure. The legal person is optimistic that profits will maintain growth this year and earn more than half of its share capital.
Apacer officially merged the industrial computer and embedded device memory module factory Yuda on August 1. After the merger, Yuda's revenue contribution to Apacer is not much, accounting for about a single-digit percentage of combined revenue.
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