Hsinchu, Taiwan, March 14, 2023 – GlobalWafers held its board meeting today (March 14, 2023) to approve 2022 financial results. FY2022 consolidated revenue reached NT$70.3 billion with YoY increase of 15%; gross profit of NT$30.3 billion, with YoY increase of 30.3%, gross profit margin of 43.2%; operating income of NT$25 billion, with YoY increase of 41.2%, operating income margin of 35.5%; net profit of NT$15.4 billion, with YoY increase of 29.5%, net profit margin of 21.9%; EPS of NT$35.31. Q422 reached NT$18.4 billion with 12 consecutive quarters of growth and FY2022 revenue crossed the NT$70 billion milestone, both breaking the record! Consolidated revenue in January and February 2023 reached NT$5.93 billion and NT$5.98 billion respectively, both rose to the highest in the same period in history. FY2022 gross profit margin and operating income margin hit record high. Q422 net profit margin of 31.5 % reached its best performance. Both Q422 EPS of NT$13.31 and FY2022 EPS of NT$35.31 reached the highest record in history. Prepayment of NT$ 39.7 billon also hit an all-time-high record.
While facing significant recession risks, world economy starts to show signs of bottoming out in 2023 and rebound in 2024. Regarding semiconductor industry, despite the short-term cyclical downturn, the long-term growth is anticipated underpinned by the burgeoning digital economy including 5G convergence, EV and data center. Not only COVID-19 and Net Zero have accelerated the future of mobility, new participants also continue to enter the EV market and invest heavily in electrification, fueling the automotive market. On the other hand, compound semiconductors are deployed in a wide range of power applications and could help integrate renewable energy onto the electric grid in response to the current energy crisis, and the penetration rate will continue to increase. With a wide product spectrum, applications spanning consumer, aerospace, and industrial electronics, etc., GlobalWafers provides high-quality silicon wafers to build a solid foundation for a variety of downstream technology applications, mitigating the downcycle of particular end product effectively. In the meantime, the intensified geopolitical tensions have amplified the importance of global layout. Moreover, a growing number of countries are considering implementing carbon pricing instruments. To meet the challenging environment, GlobalWafers has been proactive to consolidate production capacities in locations warranted by customer demand. With comprehensive supply chain network worldwide, GlobalWafers is very attractive to customers rewarded with real-time service, shipping flexibility, abating geopolitical risks, and minimum carbon footprint from local production, making it a reliable ESG partner in the shifting and competitive industry landscape.