ChipMOS ANNOUNCES THIRD QUARTER 2021 RESULTS


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2021-11-08
  • 26% increase in revenues in 3Q21 compared to 3Q20
  • 800 basis points gross margin expansion from 3Q20
  • 10% increase in net profit compared to 2Q21, with 3Q21 reaching NT $ 1.93 Per basic ordinary share or $ 1.38 By basic ADS
  • 117% increase in net profit for the first nine months of 2021 to NT $ 5.01 of NT $ 2.31 in the first nine months of 2020, with Par Basic ADS for US $ 3.60 Compared to US $ 1.66
  • Free cash flow of US $ 50.9 million for the first nine months of 2021, with a further expansion of the cash and cash equivalents balance at US $ 186.4 million
  • Distributed cash dividend of NT $ 2.2 Per ordinary share on August 31, 2021 and $ 1,582 By ADS activated September 8, 2021

HSINCHU, November 8, 2021 / PRNewswire-FirstCall / – ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), a leading provider of outsourced semiconductor assembly and testing (“OSAT”) services, today released hui consolidated financial results for the third quarter ended September 30, 2021. All US dollar figures cited in this press release are based on the exchange rate of NT $ 27.84 against $ 1.00 from September 30, 2021.

All figures have been prepared in accordance with Taiwan-International Financial Reporting Standards (“Taiwan-IFRS”).

Sales for the third quarter of 2021 amounted to NT $ 7,161.0 million or US $ 2570.2 million, an increase of 2.6% compared to NT $ 6,982.3 million Where $ 250.8 million in the second quarter of 2021 and an increase of 25.9% compared to NT $ 5,6860.1 million or 204.2 million US dollars for the same period in 2020.

The net non-operating income for the third quarter of 2021 amounts to NT $ 147.5 million Where US $ 5.3 million, compared to net non-operating expenses NT $ 18.9 million Where US $ 0.7 million in the second quarter of 2021. The difference is mainly explained by an increase in the share of gains of associates recognized using the equity method of NT $ 85 million Where US $ 3.1 million, a lower exchange loss of NT $ 62 million Where $ 2.2 million and an increase in the gain on measurement of financial assets at fair value through profit or loss NT $ 15 million Where $ 0.5 million. Net non-operating expenses in the third quarter of 2020 were NT $ 178.5 million Where 6.4 million US dollars.

The net income attributable to shareholders of the Company for the third quarter of 2021 was NT $ 1,398.9 million Where US $ 50.2 million, and NT $ 1.93 Where $ 0.07 per basic ordinary share, compared to NT $ 1,283.6 million Where US $ 46.1 million, and NT $ 1.76 Where $ 0.06 per basic common share in the second quarter of 2021. This compares to NT $ 423.4 million Where $ 15.2 million, and NT $ 0.58 Where 0 USD.02 per basic common share in the third quarter of 2020. Net income for the third quarter of 2021 was $ 1.38 by basic ADS, compared to US $ 1.27 by basic ADS for the second quarter of 2021 and $ 0.42 by basic ADS in the third quarter of 2020.

Free cash flow for the first nine months of 2021 amounts to NT $ 1,416.4 million Where US $ 50.9 million, with a cash and cash equivalents balance NT $ 5,188.8 million or US $ 186.4 million.

Third Trimester 2021 Investor Conference Call / Webcast Details

Date: Monday, November 8, 2021
Time: 4:00 p.m. Taiwan (3:00 a.m. new York)
Call: + 886-2-21928016
Password: 655980 #
Live call webcast and replay: https://www.chipmos.com/chinese/ir/info2.aspx
Replay starting 2 hours after the end of the live call
Language: Mandarin

To note: The Company will provide an English audio translation and conference call transcript on its website following the Mandarin conference call to ensure transparency and facilitate a better understanding of the financial results and environment of the Company. operation of the Company.

About ChipMOS TECHNOLOGIES INC. :

ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (https://www.chipmos.com) is a leading provider of semi-assembly and testing services outsourced drivers. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and South Taiwan Science Park in Taiwan, ChipMOS provides assembly and testing services to a wide range of customers, including leading factoryless semiconductor companies, embedded device manufacturers, and independent semiconductor foundries.

Forward-looking statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as “believe”, “expects”, “anticipates”, “plans”, “intend”, “should”, “research”, “believes”, “The future” or similar expressions or discussing, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations regarding future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in the forward-looking statements contained herein, due to various factors, including the continued impact of COVID-19. Further information regarding these risks, uncertainties and other factors is included in the Company’s most recent annual report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) and in the other documents filed by the Company with the SEC.

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SOURCE ChipMOS TECHNOLOGIES INC.



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