Novatek scores record revenues in 3Q21

Related company info

Jay Liu, Taipei; Willis Ke, DIGITIMES

Thursday 7 October 2021

Latest stock

Novatek [3034] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
26-May	3,469	3,885	1,352,019,161	391.50	395.00	386.00	387.50	-1.50	-0.39%	387.00	387.50
25-May	4,136	4,203	1,602,614,287	384.50	391.50	382.50	389.00	+4.50	+1.17%	388.50	389.00
23-May	5,869	9,055	2,315,396,841	399.50	401.50	390.50	393.00	-8.50	-2.12%	392.50	393.00
20-May	3,557	5,564	1,434,440,821	405.50	406.00	401.00	401.50	-1.00	-0.25%	401.50	402.00
19-May	5,062	6,080	2,007,943,603	387.00	402.50	386.50	402.50	+7.50	+1.90%	402.50	403.00
18-May	4,609	5,907	1,829,649,802	397.00	399.50	395.00	395.00	+0.50	+0.13%	395.00	395.50
17-May	4,068	3,015	1,606,445,500	392.50	398.00	390.50	394.50	+3.00	+0.77%	394.50	395.00

Latest sales

Novatek: Consolidated revenues, Apr 2021 - Apr 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
Apr-22	12,320	(1.2%)	11.2%	48,831	30.4%
Mar-22	12,470	6.4%	30.9%	36,512	38.5%
Feb-22	11,725	(4.8%)	34.5%	24,042	42.8%
Jan-22	12,317	3.7%	51.7%	12,317	51.7%
Dec-21	11,884	(1.5%)	62.7%	135,366	69.3%
Nov-21	12,067	(4.2%)	59.2%	123,481	70%
Oct-21	12,591	(2.6%)	66.4%	111,415	71.2%
Sep-21	12,932	0.1%	62.2%	98,823	71.9%
Aug-21	12,915	3.3%	77.3%	85,892	73.4%
Jul-21	12,499	7.9%	85.4%	72,977	72.8%
Jun-21	11,580	1.2%	97.8%	60,478	70.4%
May-21	11,448	3.3%	84.3%	48,898	64.9%
Apr-21	11,084	16.3%	69.4%	37,450	59.8%

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

Novatek: Consolidated revenues, 4Q20 - 4Q21 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
4Q-21	36,542	(4.7%)	62.8%	135,366	69.3%
3Q-21	38,346	12.4%	74.3%	98,823	71.9%
2Q-21	34,111	29.4%	83.3%	60,478	70.4%
1Q-21	26,367	17.4%	56.1%	26,367	56.1%
4Q-20	22,453	2.1%	35.9%	79,956	24.2%

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

Latest balance sheet and income statement

Novatek: Consolidated balance sheet, 4Q20 - 4Q21 (NT$k)
Item	4Q-2021	3Q-2021	2Q-2021	1Q-2021	4Q-2020
Current assets	100,114,690	83,844,393	69,428,356	55,347,226	44,950,572
Intangible assets	2,484,887	2,522,773	2,505,486	2,494,683	2,545,172
Non-current assets	20,478,344	19,191,662	18,870,000	13,575,852	13,150,117
Assets	120,593,034	103,036,055	88,298,356	68,923,078	58,100,689
Current liabilities	35,909,179	33,837,024	41,168,640	22,204,204	17,462,656
Non-current liabilities	14,232,532	9,919,805	667,953	699,147	694,830
Liabilities	50,141,711	43,756,829	41,836,593	22,903,351	18,157,486
Stockholders' equity	70,451,323	59,279,226	46,461,763	46,019,727	39,943,203

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

Novatek: Consolidated income statement, 4Q20 - 4Q21 (NT$k)
Item	4Q-2021		3Q-2021		2Q-2021		1Q-2021		4Q-2020
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Gross sales					34,111,302		26,366,515
Operating revenue	36,542,106	107.1%	38,345,587	112.4%	34,111,302	100%	26,366,515	100%	22,452,842	61.4%
Gross profit (loss) from operations	18,800,964	55.1%	19,917,256	58.4%	17,166,736	50.3%	11,506,568	43.6%	8,538,771	23.4%
Operating expenses	5,351,806	15.7%	4,795,859	14.1%	5,174,713	15.2%	4,296,036	16.3%	3,790,481	10.4%
Operating income (loss)	13,449,158	39.4%	15,121,397	44.3%	11,992,023	35.2%	7,210,532	27.3%	4,748,290	13%
Non-operating expenses and losses	141,577	0.4%	160,492	0.5%	-35,912	-0.1%	75,690	0.3%	-198,751	-0.5%
Income from continuing operations before income tax	13,590,735	39.8%	15,281,889	44.8%	11,956,111	35.1%	7,286,222	27.6%	4,549,539	12.5%
Net income (loss)	10,933,240	32.1%	12,271,038	36%	9,786,068	28.7%	5,875,214	22.3%	3,644,209	10%
Diluted earnings per share (NT$)	17.9		20.1		16.1		9.7		6