Taipei, Friday, July 25, 2014 02:01 (GMT+8)
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Motech sees decreased orders in the wake of US anti-subsidy tax - related company info
Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Thursday 26 June 2014]
  • Motech Industries
  • Performance
    The company's stock price closed at NT$45.05 on the TSE on Tuesday, July 22, 2014.
    The company has reported consolidated revenues of NT$1,504 million for June 2014, representing a 17.4% drop on month and 10.8% drop on year.
    For the first quarter of 2014, the company totaled NT$5,984 million in consolidated revenues, down 4% sequentially and up 63.2% on year.
    Brief

    Full name: Motech Industries

    Chinese name: 茂迪股份有限公司

    Short name: Motech

    Stock code: 6244

    Tax ID: 20889546

    Market: OTC

    Established: 3 Jun 1981

    Paid in capital: NT$4.40 billion

    Listed on OTC: 15 May 2003

    Listed on ESB: 18 Nov 2002

    Public since: 17 Jul 2001

    Website: www.motech.com.tw

  • Latest stock
    Motech [6244] historical stock price (NT$)
    DateVolume (k)TransactionsValueOpenHighLowCloseChangeAskBid
    24-Jul 6,716 3,281 313,216,600 45.05 48.20 45.05 47.90+2.85+6.33% 47.85 47.90
    22-Jul 3,554   44.90 45.65 44.55 45.05+0.15+0.33%  
    18-Jul 3,544   46.20 46.80 45.80 45.95-0.45-0.97%  
    17-Jul 5,135 2,584 236,826,800 45.20 46.50 44.90 46.40+0.90+1.98% 46.40 46.45
    • Source: TSE, compiled by Digitimes
    Latest sales

    Motech: Consolidated revenues, Jun 2013 - Jun 2014 (NT$m)

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    Jun-14

    1,504

    (17.4%)

    (10.8%)

    11,251

    28.3%

    May-14

    1,821

    (6.3%)

    1.7%

    9,748

    37.6%

    Apr-14

    1,943

    (2.9%)

    19.6%

    7,927

    49.8%

    Mar-14

    2,002

    5.2%

    24.6%

    5,984

    63.2%

    Feb-14

    1,903

    (8.4%)

    90.8%

    3,982

    93.2%

    Jan-14

    2,078

    (0.8%)

    95.5%

    2,078

    95.5%

    Dec-13

    2,095

    2.5%

    84.9%

    21,350

    43.1%

    Nov-13

    2,045

    (2.2%)

    72.4%

    19,255

    39.7%

    Oct-13

    2,090

    (9.4%)

    111.4%

    17,210

    36.6%

    Sep-13

    2,307

    3%

    124%

    15,120

    30.3%

    Aug-13

    2,240

    24.1%

    95.2%

    12,813

    21.1%

    Jul-13

    1,805

    7.1%

    66.2%

    10,573

    12.1%

    Jun-13

    1,686

    (5.8%)

    37.4%

    8,768

    5.1%

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, July 2014

    Motech: Consolidated revenues, 1Q13 - 1Q14 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    1Q-14

    5,984

    (4%)

    63.2%

    5,984

    63.2%

    4Q-13

    6,230

    (1.8%)

    88.7%

    21,350

    43.2%

    3Q-13

    6,346

    24.3%

    94.5%

    15,120

    30.2%

    2Q-13

    5,107

    39.3%

    14.6%

    8,774

    5.1%

    1Q-13

    3,667

    11%

    (5.7%)

    3,667

    (5.7%)

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, July 2014

    Latest balance sheet and income statement

    Motech: Consolidated balance sheet, 1Q13 - 1Q14 (NT$k)

    Item

    1Q-2014

    4Q-2013

    3Q-2013

    2Q-2013

    1Q-2013

    Current assets

    15,230,338

    17,433,322

    17,422,019

    16,085,614

    16,485,743

    Intangible assets

    58,858

    59,040

    51,241

    49,600

    54,642

    Non-current assets

    12,134,471

    12,261,083

    12,537,486

    13,065,098

    13,331,921

    Assets

    27,364,809

    29,694,405

    29,959,505

    29,150,712

    29,817,664

    Current liabilities

    7,409,278

    9,071,786

    8,372,354

    7,156,022

    7,681,858

    Non-current liabilities

    5,594,093

    6,397,427

    7,822,132

    8,588,491

    8,807,062

    Liabilities

    13,003,371

    15,469,213

    16,194,486

    15,744,513

    16,488,920

    Stockholders' equity

    14,361,438

    14,225,192

    13,765,019

    13,406,199

    13,328,744

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, July 2014

    Motech: Consolidated income statement, 1Q13 - 1Q14 (NT$k)

    Item

    1Q-2014

    4Q-2013

    3Q-2013

    2Q-2013

    1Q-2013

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    Gross sales

    5,983,527

     

    6,229,730

     

    6,345,895

     

    5,107,122

     

    3,666,944

     

    Operating revenue

    5,983,527

    100%

    6,229,730

    100%

    6,345,895

    100%

    5,107,122

    100%

    3,666,944

    100%

    Gross profit (loss) from operations

    518,212

    8.7%

    779,053

    12.5%

    771,061

    12.2%

    376,871

    7.4%

    -294,517

    -8%

    Operating expenses

    283,104

    4.7%

    306,606

    4.9%

    306,677

    4.8%

    253,026

    5%

    306,201

    8.4%

    Operating income (loss)

    235,108

    3.9%

    472,447

    7.6%

    464,384

    7.3%

    123,845

    2.4%

    -600,718

    -16.4%

    Non-operating expenses and losses

    -18,955

    -0.3%

    -23,091

    -0.4%

    -42,865

    -0.7%

    -23,917

    -0.5%

    -34,808

    -0.9%

    Income from continuing operations before income tax

    216,153

    3.6%

    449,356

    7.2%

    421,519

    6.6%

    99,928

    2%

    -635,526

    -17.3%

    Net income (loss)

    153,716

    2.6%

    388,988

    6.2%

    395,322

    6.2%

    102,358

    2%

    -646,222

    -17.6%

    Diluted earnings per share (NT$)

    0.4

     

    0.9

     

    0.9

     

    0

     

    -1.5

     

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, July 2014

  • Motech Industries full profile
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21-Jul-2014 markets closed

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TAIEX (TSE)9400.97-7.27-0.08% 

TSE electronic370.47-0.65-0.18% 

GTSM (OTC)147.84-0.32-0.22% 

OTC electronic182.98-1.06-0.58% 

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