Announced FY2023 1-4Q Financial Results and Earnings Distribution for 2H23
NOVA Tech Announced FY2023 1-4Q Financial Results and Earnings Distribution for 2H23
FY2023 1-4Q Profits Mark Record High, EPS NT$14.95, Up 27.34% YoY
Shareholders Approve Cash Dividend of NT$7 per share for 2H23, Full Year Payout Ratio of 70.23%
Date: February 20, 2024
HSINCHU, Taiwan, February 20 th, 2023 – NOVA Technology Corp. (“NOVA”, Taipei Stock Exchange: 6613 TT) announced its financial results for FY2023 1-4Q and the Earnings Distribution for 2023. NOVA’s consolidated revenue for FY2023 1-4Q reached NT$9,139.99 million (6.37% YoY), with net profit attributable to shareholders at NT$796.57 million (30.82% YoY), marking a record high. The EPS reached NT$14.95 (27.34% YoY). Despite challenges in the fourth quarter due to the appreciation of the Taiwanese dollar, NOVA expanded orders across various regions, with strong demand from semiconductor clients and effective cost management contributing to its performance. In 2023, NOVA continued to achieve record-high profits overall.
As the global semiconductor industry regionalizes, Nova capitalizes on its multi-region order placement advantage. With enhanced capabilities in high-quality process supply systems for water, gas, and chemicals, Nova sees increased demand in China and Taiwan. Revenue proportions for 2023 stand at 58.5% and 32.9% for China and Taiwan, respectively. Additionally, Nova optimizes order structures, lowers raw material costs, and improves control and management expenses, resulting in higher gross profit and operating margins of 25.44% and 16.16% for 2023.
Nova announced the approval of its earnings distribution plan for the second half of 2023, proposing a $7 cash dividend per share (based on a $5 par value). With the $3.5 cash dividend per share already distributed in the first half of 2023, the total dividend payout ratio for 2023 is 70.23%, marking the seventh consecutive year exceeding 66%. With a closing price of NT$149.5 on February 20th, the cash dividend yield stands at 4.68%, underscoring the company's commitment to shareholder returns.
Looking ahead to Q1 2024, Nova will still expand its business orders across regions, focusing on efficient resource integration. It will prioritize managing material supply lead times and deploying skilled project engineering manpower. Nova will monitor the semiconductor and high-tech electronics industries as they initiate new factory expansion projects. Additionally, it will strengthen green services like stripper recycle systems, waste oil and gas recovery systems, and seawater desalination systems. With clear order visibility, ongoing shipments, and revenue recognition, Nova builds a strong foundation for sustained growth across its operations.
NOVA FY2023 Q4 Financial Results： NTD’000；％
| 2023/4Q | 2022/4Q | YoY （％） |
2023/1-4Q | 2022/1-4Q | YoY （％） |
|
| Consolidated Revenue(NT$K) | 2,685,211 | 2,524,559 | 6.36% | 9,139,994 | 8,592,983 | 6.37% |
| Net Profit Attributable to Owner of Company(NT$K) | 337,481 | 173,351 | 94.68% | 1,042,089 | 796,566 | 30.82% |
| EPS($) | 4.69 | 2.56 | 83.20% | 14.95 | 11.74 | 27.34% |
NOVA FY2023 2H dvidend distribution: Unit: New Taiwan Dollar
| Year Period |
2023/2H | 2022/2H |
| Cash dividend | 7 | 3.5 |
For more information, please refer to the following contact ways：
Official website : https://www.NOVAtech.com.tw/en/investors
NOVA’s Spokesperson: Ma Wei
Tel: (03)667-6868
Email: ir@NOVAtech.com.tw
IR Trust Vice President: Sandy
Tel: (02)2585-5701
Email: sandy@ir-trust.tw