[TodayIR] NTC: Nanya Technology Reports Fourth Quarter 2013 and Year 2013 Results Taoyuan, Taiwan, January 28th, 2014 – Nanya Technology Corporation, (TWSE: 2408), today announced its results of the fourth quarter, ended December 31st, 2013. Nanya’s quarterly sales revenue is NT$12,416 million, an increase of 8.4 percent compared to the third quarter in year 2013, due primarily to a 10.5 percent increase in average selling prices (ASP) compared to the previous quarter, while New Taiwan Dollar appreciated 1.2 percent. Cost of Goods Sold for the quarter included a charge of NT$ 320 million for the write-down of inventories. Operating income of the quarter was NT$ 1,170 million. The quarter recognized NT$ 2,896 million from Inotera’s profits under equity method (Nanya currently held 26 percent ownership interest in Inotera). The company had net Income attribute to Nanya Technology shareholders of NT$3,989 million, or NT$ 0.17 per diluted share (the earnings per share calculations are based on weighted average outstanding shares of 23,960 million). The 2013 annual sales revenue was NT$ 46,954 million, 38.6 percent increase compared to last year’s. In year 2013, the average selling price increase 37.4 percent, the sales volume and exchange rate were about flat year-over year. Operating income in year 2013 was NT$ 4,093 million and the net income attribute to Nanya Technology shareholders of NT$ 8,169 million or NT$ 0.34 per diluted share (the earnings per share calculations are based on weighted average outstanding shares of 23,960 million). All numbers are unaudited. Positive results of year 2013 attributed to average selling price (ASP) increase, the recognition of profits from Inotera, product portfolio strengthen, and cost improvement. Nanya reached 70 percent of sales revenue in consumer and low power sectors in the fourth quarter. The company plans to enhance its non-PC product sectors to reach 80 percent of total sales revenue in 2014. Nanya's capital expenditures (capex) for the year 2013 were approximately NT$ 5.61billion. In Q1 2014, the 30nm conversion will reach 70 percent wafers output of total capacity. Regarding bit growth in 2014, while the company no longer has capacity from Inotera, the bit shipment of the year is estimated to down mid-teen percent compared with 2013. The Capex guidance for 2014 is estimated to be around NT$ 3 billion, mainly for 30nm capacity enhancement and 20nm preparation. The company secured an NT$ 12 billion syndicated loan on January 2nd, 2014; the fund is mainly for financing working capital and loan repayments. For the DRAM market outlook, the company anticipates the moderate growth in supply and demand for the first quarter of 2014, and expects balance through the year which will lead to stable or moderate fluctuation on DRAM pricing in the first quarter and the year.
[TodayIR] NTC: Nanya Technology Reports Fourth Quarter 2013 and
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