Monday, January 13th 2025
Nanya Technology Reports Results for the Fourth Quarter 2024
Nanya Technology Corporation, today announced its results of operations for the fourth quarter, ended December 31, 2024. Nanya's quarterly sales revenue was NT$ 6,575 million, a 19.2 percent decrease compared to that in the third quarter of 2024. In the fourth quarter of 2024, average selling prices (ASP) decreased by low-teens percent and bit shipment decreased by high-single digit percent quarter over quarter.
Gross loss of the quarter was NT$ 695 million; gross margin was -10.6 percent, a 13.8 percentage points decrease from that in the previous quarter. Operating loss of the quarter was NT$ 2,812 million; operating margin was -42.8 percent; a 12.0 percentage points decrease from that in the last quarter. Non-operating income of the quarter was NT$ 900 million. The Company had net loss of NT$ 1,574 million, with net margin of -23.9 percent. Earnings per share (EPS) was NT$ -0.51 in the fourth quarter (based on weighted average outstanding shares of 3,099 million).
For the fiscal year 2024, the Company's sales revenue was NT$ 34,132 million, net loss was NT$ 5,083 million, EPS was NT$ -1.64 (based on weighted average outstanding shares of 3,099 million). Book value per share was NT$ 53.27 at the year-end. All numbers are unaudited.
The Board-approved CAPEX budget for 2024 was up to NT$ 26 billion, with NT$ 16.1 billion of actual expenditure and NT$ 9.9 billion deferred to 2025. The planned CAPEX for 2025 is approximately NT$ 20 billion, pending Board approval. Nanya's 8 Gb DDR4 and 16 Gb DDR5 utilizing the second generation of 10 nm-class process (1B) are ramping up, with an expected bit production exceeding 30% of total output by 2025. The Company will actively collaborate with strategic partners to explore market opportunities driven by the growing demand for AI edge computing.
In 2024, the Company was honored to receive the following recognitions for its commitment to sustainability:
Source:
Nanya
Gross loss of the quarter was NT$ 695 million; gross margin was -10.6 percent, a 13.8 percentage points decrease from that in the previous quarter. Operating loss of the quarter was NT$ 2,812 million; operating margin was -42.8 percent; a 12.0 percentage points decrease from that in the last quarter. Non-operating income of the quarter was NT$ 900 million. The Company had net loss of NT$ 1,574 million, with net margin of -23.9 percent. Earnings per share (EPS) was NT$ -0.51 in the fourth quarter (based on weighted average outstanding shares of 3,099 million).
The Board-approved CAPEX budget for 2024 was up to NT$ 26 billion, with NT$ 16.1 billion of actual expenditure and NT$ 9.9 billion deferred to 2025. The planned CAPEX for 2025 is approximately NT$ 20 billion, pending Board approval. Nanya's 8 Gb DDR4 and 16 Gb DDR5 utilizing the second generation of 10 nm-class process (1B) are ramping up, with an expected bit production exceeding 30% of total output by 2025. The Company will actively collaborate with strategic partners to explore market opportunities driven by the growing demand for AI edge computing.
In 2024, the Company was honored to receive the following recognitions for its commitment to sustainability:
- Inclusion in the DJSI World Index for the fourth consecutive year
- The company's first MSCI ESG AA rating
- Prime status from ISS ESG Rating for the fifth consecutive year
- Taiwan Corporate Sustainability Award for the eighth consecutive year
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