Biostar Microtech International expects to ship 90,000 iDEQ-series small form factor (SFF) systems in 2005, up 38% on year, according to company chairman Wang Ming-I. The motherboard maker also projects its eDEQ-series LCD PC shipments will top 130,000 units this year, said Wang.
In addition, Biostar aims to ship 3.14 million motherboards in 2005, up slightly from about three million units in 2004.
The second-tier motherboard maker reached pretax earnings per share (EPS) of NT$0.67 for the first five months of 2005, after returning to profitability in the first quarter, according to the company.
Biostar recorded profits of NT$33.036 million and EPS of NT$0.3 in the first quarter. In 2004, the maker had negative earnings per share of NT$1.31 and suffered a loss of NT$143.442 million.
Biostar’s revamped product strategy has begun taking effect, said the company. The maker posted gross margins of 10% in the first quarter, up from 8.91% in 2004.
Biostar: May 2004 - May 2005 revenues (NT$m) | |||||
Month | Sales | M/M | Y/Y | YTD | Y/Y |
May-05 | 479 |
(3.7%) |
23.6% |
2,324 |
9.4% |
Apr-05 | 498 |
7.2% |
18.1% |
1,845 |
6.2% |
Mar-05 | 464 |
30.5% |
(5%) |
1,347 |
2.4% |
Feb-05 | 356 |
(32.4%) |
(28.4%) |
883 |
6.8% |
Jan-05 | 527 |
(16.3%) |
59.7% |
527 |
59.7% |
Dec-04 | 629 |
37% |
46.9% |
5,639 |
(0.4%) |
Nov-04 | 459 |
10.3% |
(11.4%) |
5,009 |
(4.3%) |
Oct-04 | 416 |
(32.3%) |
(18.1%) |
4,550 |
(3.5%) |
Sep-04 | 615 |
27.2% |
7.5% |
4,134 |
(1.8%) |
Aug-04 | 483 |
3.3% |
10.1% |
3,519 |
(3.2%) |
Jul-04 | 468 |
5.6% |
18.4% |
3,036 |
(5.1%) |
Jun-04 | 443 |
14.2% |
4.7% |
2,568 |
(8.4%) |
May-04 | 388 |
(8%) |
(3.2%) |
2,125 |
(10.7%) |
*Figures are not consolidated
Source: TSE, compiled by Digitimes, June 2005
Biostar: 1Q 2004 - 1Q 2005 revenues (NT$m) | |||||
Quarter | Sales | Q/Q | Y/Y | YTD | Y/Y |
1Q-05 | 1,350 |
(7.2%) |
2.6% |
1,350 |
2.6% |
4Q-04 | 1,454 |
(7.1%) |
(0.1%) |
5,588 |
(1.3%) |
3Q-04 | 1,566 |
25% |
11.4% |
4,134 |
(1.8%) |
2Q-04 | 1,252 |
(4.8%) |
(0.7%) |
2,568 |
(8.4%) |
1Q-04 | 1,315 |
(9.6%) |
(14.6%) |
1,315 |
(14.6%) |
*Figures are not consolidated
Source: TSE, compiled by Digitimes, June 2005
Biostar: 1Q 2004 - 1Q 2005 balance sheet (NT$k) | |||||
Item | 1Q-2005 | 4Q-2004 | 3Q-2004 | 2Q-2004 | 1Q-2004 |
Current assets |
2,060,500 |
2,176,574 |
2,336,730 |
2,078,362 |
2,179,491 |
Long-term investments |
106,104 |
113,292 |
111,404 |
113,146 |
143,129 |
Fixed assets (net) |
354,762 |
360,829 |
384,346 |
387,265 |
389,803 |
Other assets |
33,826 |
38,137 |
35,499 |
45,802 |
37,404 |
Assets |
2,555,192 |
2,688,832 |
2,867,979 |
2,624,575 |
2,749,827 |
Current liabilities |
1,329,585 |
1,497,149 |
1,517,078 |
1,311,338 |
1,301,197 |
Noncurrent interest-bearing liabilities |
0 |
0 |
0 |
0 |
1,544 |
Other liabilities |
40,079 |
38,917 |
39,797 |
38,893 |
37,475 |
Liabilities |
1,369,664 |
1,536,066 |
1,556,875 |
1,350,231 |
1,340,216 |
Stockholders' equity |
1,185,528 |
1,152,766 |
1,311,104 |
1,274,344 |
1,409,611 |
*Figures are not consolidated
Source: TSE, compiled by Digitimes, June 2005
Biostar: 1Q 2004 - 1Q 2005 income statement (NT$k) | ||||||||||
Item | 1Q-2005 | 4Q-2004 | 3Q-2004 | 2Q-2004 | 1Q-2004 | |||||
NT$k | % of sales | NT$k | % of sales | NT$k | % of sales | NT$k | % of sales | NT$k | % of sales | |
Gross sales |
1,349,946 |
|
1,413,574 |
|
1,606,477 |
|
1,252,442 |
|
1,315,398 |
|
Net sales |
1,349,946 | 100% |
1,454,354 | 102.9% |
1,565,697 | 97.5% |
1,252,442 | 100% |
1,315,398 | 100% |
Gross profit (loss) from operations |
126,250 | 9.4% |
136,116 | 9.6% |
136,939 | 8.5% |
107,232 | 8.6% |
117,918 | 9% |
Operating expenses |
77,687 | 5.8% |
172,500 | 12.2% |
99,984 | 6.2% |
133,219 | 10.6% |
94,725 | 7.2% |
Operating income (loss) |
48,563 | 3.6% |
-36,384 | -2.6% |
36,955 | 2.3% |
-25,987 | -2.1% |
23,193 | 1.8% |
Non-operating revenues and gains |
1,967 | 0.1% |
1,030 | 0.1% |
16,205 | 1% |
6,144 | 0.5% |
2,401 | 0.2% |
Non-operating expenses and losses |
9,029 | 0.7% |
121,705 | 8.6% |
12,881 | 0.8% |
22,783 | 1.8% |
11,007 | 0.8% |
Income from continuing operations before income tax |
41,501 | 3.1% |
-157,059 | -11.1% |
40,279 | 2.5% |
-42,626 | -3.4% |
14,587 | 1.1% |
Net income (loss) |
33,036 | 2.4% |
-154,192 | -10.9% |
36,279 | 2.3% |
-37,616 | -3% |
12,087 | 0.9% |
Simple earnings per share (NT$) |
0.3 |
|
-1.4 |
|
0.4 |
|
-0.4 |
|
0.1 |
|
*Figures are not consolidated
Source: TSE, compiled by Digitimes, June 2005
