Memory price reduction has little impact, with consolidated revenue of NT $2.245 billion in the third quarter.

Thanks to CTOnews.com netizen OC_Formula for the clue delivery! CTOnews.com November 7 news, memory company Yuzhan Technology is now announcing its third-quarter results. Although affected by the collapse in memory prices, operations remained stable in the third quarter, with consolidated revenue of NT $2.245 billion and net profit of NT $125 million belonging to the parent company, which was better than that of the same period last year, with a net profit of NT $1.16 per share.

Yuzhan announced that the consolidated revenue in the third quarter increased by 6.2% to 2.245 billion yuan, an increase of 5.5% over the same period last year, the average gross profit margin decreased 1.8 percentage points to 17.2%, an increase of 0.8% over the same period last year, and operating profit decreased by 16.9% to 148 million yuan. Compared with the same period last year, net profit after tax to the parent company decreased by 15.0% to 125 million yuan It increased by 11.6% over the same period last year, with a net profit of 1.16 yuan per share.

Yuzhan's combined revenue in the first three quarters was 6.662 billion yuan, an increase of 1.7 percent over the same period last year, the average gross profit increased by 1.2 percentage points to 19.0 percent, and the operating profit was 529 million yuan, an increase of 6.9 percent over the same period last year. The net profit after tax belonging to the parent company was 431 million yuan, an increase of 6.4 percent over the same period last year, and net profit per share was 4.16 yuan.

Yuzhang has begun inventory adjustment in the first half of the year, and the inventory level has fallen to the normal level of 1.221 billion yuan in the third quarter, and the continued decline in prices in the fourth quarter has greatly reduced the pressure on the operation.

CTOnews.com learned that the memory market remained oversupplied and prices continued to fall in the fourth quarter as global inflation affected sales of smartphones and personal computers.

Yuzhan said the company locked in memory applications such as automotive and industrial controls to reduce the impact of depressed demand in the consumer market. As a result, the legal person expects operating performance in the fourth quarter to be about the same as in the third quarter.

Yuzhan has begun inventory adjustment in the first half of the year, and the inventory level has fallen to the normal level of 1.221 billion yuan in the third quarter. The continued decline in prices in the fourth quarter has greatly reduced the operating pressure. The legal person is optimistic that profits this year will maintain growth and earn more than half of the equity.

In addition, Yuda formally merged the industrial computer and embedded device memory module factory Yuda on August 1. After the merger, Yuda made a small contribution to Yudan's revenue, accounting for about single digits of consolidated revenue.