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YAGEO reported its unaudited third-quarter results of 2021

2021/10/27

YAGEO Corporation (2327 TW) today announced its unaudited third-quarter results of 2021. Net consolidated sales reported NT$ 29,389 million, up 6.1% q-o-q and up 33.9% y-o-y, respectively. Net consolidated profits after tax attributable to parent company in the third quarter reported NT$ 6,814 million, up 7.6% q-o-q and up 87.9% y-o-y, respectively, or NT$ 13.85 earnings per share. Gross margin rate posted 41.1%, up 0.1% percentage point q-o-q and up 3.8% percentage point y-o-y, respectively. The operating profit reached NT$ 8,498 million with 28.9% operating profit margin rate, up 0.3% percentage point q-o-q and up 3.8% percentage point y-o-y, respectively. Non-operating items posted a net gain of NT$ 403 million in the third quarter.

 

1Q-3Q21 consolidated sales reported NT$ 80,849 million, up 77.9 % y-o-y. Net consolidated profit after tax attribute to parent company reported NT$ 18,150 million, up 95.7% y-o-y, or NT$ 36.79 earnings per share. Gross margin rate posted 40.5%, up 0.4% percentage point y-o-y. The operating income reached NT$ 22,465 million with 27.8% of operating profit margin rate, up 0.5% percentage point y-o-y. Non-operating items posted a net gain of NT$ 1,249 million.

 

Consolidated sales of the third quarter hit the second highest quarterly revenue in the company’s history. Gross margin, operating profit, net profit, and earnings per share of the third quarter all reached its 3-year high, attributed to continuing product mix optimization and steady growth in premium markets and high-end segments.

 

Moving forward to the fourth quarter, the global pandemic outbreak has not yet eased, and the supply shortage of IC components has caused delays in shipments for some customers. In addition, customers tend to be relatively conservative in the stocking of electronic components due to China's power restrictions. YAGEO will closely monitor the market’s supply and demand and prudently respond to customers’ needs with the best production capacity allocation.

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