Hsinchu, Taiwan, August 4, 2023 – Sino-American Silicon Products Inc. (SAS) board approved its financial statements for the second quarter 2023 today with the consolidated revenue reached NT$20.32 billion with -2.8% QoQ and 0.24% YoY; gross profit of NT$6.97 billion with -8.2% QoQ and -15.6% YoY; operating profit of NT$5.1 billion with -12.2% QoQ and -25.2% YoY; net income of NT$4.7 billion with 0.3% QoQ and 47.7% YoY; net income attributed to the parent company of NT$2.43 billion with -1.5% QoQ and 33.6% YoY and EPS of NT$4.15; gross profit margin of 34.3% with -2.0% QoQ and -6.5% YoY; operating profit margin of 25.0% with -2.7% QoQ and -8.6% YoY; net income margin of 23.3% with 0.7% QoQ and 7.5% YoY. SAS’ semiconductor subsidiary, GlobalWafers (GWC) also concluded its second quarter with the consolidated revenue of NT$17.90 billion; gross profit of NT$6.74 billion and gross profit margin of 37.7%; operating profit of NT$5.21 billion and operating profit margin of 29.1%; net profit of NT$4.79 billion and net profit margin of 26.8%; EPS of NT$11.

Regarding the first half of 2023 consolidated financial results, SAS cumulative consolidated revenue totaled NTD$41.22 billion with 5.6% YoY; gross profit of NT$14.57 billion with -7.4% YoY; operating profit of NT$10.89 billion with -16.3% YoY; EPS of NT$8.36; gross profit margin of 35.3% with -5.0% YoY; operating profit margin of 26.4% with -6.9% YoY; net profit margin of 22.9% with 9.2% YoY. SAS’ semiconductor subsidiary, GlobalWafers cumulative consolidated revenue in the first half of 2023 achieved NTD$36.51 billion with 7.9% YoY; gross profit of NT$14.30 billion and gross profit margin of 39.2%; operating profit of NT$11.31 billion and operating profit margin of 31.0%; net profit of NT$9.79 billion and net profit margin of 26.8%; EPS of NT$22.49. SAS has demonstrated exceptional performance in the second quarter of 2023, achieving a record high in revenue for the same period. Furthermore, the success extended to the revenue, net profit, and EPS in 20231H. Regarding the semiconductor subsidiary, GlobalWafers, both 2023Q2 and 20231H revenue hit record high over the same period and has achieved six consecutive semi-annual advances of consolidated revenue since 20201H! For 20231H, net profit margin and EPS achieved the second highest ever. Additionally, with prospects of enduring demand for semiconductors, GlobalWafers, as a trusted business partner, has continued signing Long Term Agreements (LTAs) and receiving new prepayments from customers in the first half of 2023. As of the end of June, prepayment balance amounted to NT$38.3 billion, setting the third highest record!