Passive component maker Yageo had net profits of NT$613 million (NT$0.27 EPS) in the third quarter, up 53% from the previous quarter. Gross margins in third quarter were 21.2% and were impacted by an ASP drop. Nevertheless, the improvement on production processes and organization led operating expenses to fall to NT$792 million.
Yageo had third-quarter net sales of NT$6.6 billion, up 12% on quarter and 7% on year, with the increased sales driven by the seasonal growth from end market demand, including for high-end smartphone, white-box cell phone and notebook applications.
The contribution from the Greater China region increased sequentially to 54% of total sales in third quarter. Europe and North America combined to account for 24% of third-quarter sales, while Asia and the rest of the world accounted for 22%.
The company maintained capacity utilization at 97% for R-chip in the third quarter with a monthly capacity of 38 billion pieces, driven by solid demand from the smartphone market, with the contribution setting a new record for r-chip 0201 monthly shipments. Capacity utilization for MLCCs was 90% with a monthly capacity of 20 billion pieces.
Article translated by Michael McManus
