C Sun Mfg (2467) Q1 2023 earnings summary

Executive summary

• Q1 2023 revenue was NT$966,854 thousand, down from NT$1,239,522 thousand YoY; profit for the period was NT$140,748 thousand versus NT$168,923 thousand.�

• Total comprehensive income rose to NT$295,257 thousand from NT$269,403 thousand, supported by NT$154,509 thousand of other comprehensive income, including fair-value gains on equity investments.�

Financial highlights

• Net operating margin was NT$361,174 thousand, or 37% of revenue, versus NT$412,479 thousand, or 34%, in Q1 2022.�

• Operating profit was NT$125,204 thousand versus NT$153,580 thousand; profit before tax was NT$146,699 thousand versus NT$205,966 thousand.�

• Profit attributable to parent owners was NT$130,447 thousand versus NT$156,718 thousand; basic and diluted EPS were NT$0.83 versus NT$1.00.�

• Operating cash flow was an outflow of NT$77,052 thousand versus an inflow of NT$3,657 thousand; cash and equivalents ended Q1 at NT$1,323,028 thousand.�

Segment performance

• External revenue by reportable segment: C SUN MFG NT$546,724 thousand, Csun Technology (Guangzhou) NT$134,063 thousand, Creation Machines NT$198,023 thousand and Other NT$88,044 thousand.�

• Reportable segment income totaled NT$178,673 thousand; after NT$31,974 thousand of Other losses, income before tax was NT$146,699 thousand.�