Hsinchu, Taiwan, November 3, 2022 – Sino-American Silicon Products Inc. (SAS) board approved its financial statements for the third quarter of 2022 today, the consolidated revenue reached NT$21.63 billion with 6.7% QoQ and 23.4% YoY; gross profit of NT$8.53 billion with 3.3% QoQ and 33.3% YoY; gross profit margin of 39.5% with 3% YoY; operating income of NT$6.66 billion with 38% YoY; operating income percentage of 30.8% with 3.3% YoY; net profit of NT$5.58 billion with 74.4% QoQ and 66.6% YoY; net profit attributed to the parent company of NT$3.09 billion and EPS of NT$5.28;. SAS’ semiconductor subsidiary, GlobalWafers (GWC) also concluded its third quarter with the consolidated revenue of NT$18.05 billion; gross profit of NT$7.89 billion and gross profit margin of 43.7%; operating income of NT$6.33 billion and operating income percentage of 35.1%; net profit of NT$5.11 billion; EPS of NT$11.74. For the third quarter of 2022, both SAS and GlobalWafers broke the historical record in revenue, gross profit, net profit and EPS.
Regarding the first three quarters of 2022 consolidated financial results, SAS cumulative consolidated revenue totaled NTD$60.67 billion with 19.5% YoY; gross profit of NT$24.26 billion with 37.4% YoY; gross profit margin of 40% with 5.2% YoY; operating income of NT$19.67 billion with 50.2% YoY; operating income percentage of 32.4% with 6.6% YoY; net profit of NT$10.94 billion with 7.5% YoY; net profit attributed to the parent company of NT$6.18 billion and EPS of NT$10.54, touched the new height. SAS’ semiconductor subsidiary, GlobalWafers cumulative consolidated revenue in the first three quarters of 2022 achieved NT$51.9 billion; gross profit of NT$22.48 billion; gross profit margin of 43.3%; operating income of NT$18.62 billion, and operating income percentage of 35.9%; net profit of NT$9.57 billion; EPS of NT$22. For the first three quarters of 2022, SAS’ and GlobalWafers’ revenue, gross profit and operating profit all set new record highs! In addition, GlobalWafers’ prepayment balance as of the end of September amounted to NT$ 38.21 billion, the all-time high!
Scorching summer contributes to record-setting PV installation and power generation. Deepening energy crisis and preparation for the upcoming winter accelerate the renewable energy buildout in numerous countries in response to the hardships imposed by energy shortage. In addition, Taiwan is highly dependent on imports for its energy requirements. Diversifying the energy sources that can withstand the market tumults and prevent supply disruption is the key task to ensure energy resilience as Taiwan’s economy and its manufacturing prowess are built on steady, reliable sources of energy. Blessed with abundant sunshine, solar is expected to remain on the strong and steady path.
SAS has been endeavoring in solar energy for decades. To fulfill the corporate social responsibility, SAS pledges that the whole group will use 100% renewable energy by 2050. SAS’ solar cell is distinguished in high conversion efficiency and superior reliability and is bestowed “Taiwan Excellent PV Award for 2022” by the Energy Bureau of the Ministry of Economic Affairs. Likewise, Sunrise PV Four Co., Ltd, a member in SAS group, is awarded the “Top Solar System Award – Best Ground Mounted PV System for 2022” as recognition of its excellent design and the construction of the PV system in SAS YiLan factory which achieves the eco-balance between green energy and the environment. To achieve Taiwan’s energy transition goal, SAS keeps expanding the green business and service in order to be a leading green energy total solution provider.