Hsinchu, Taiwan, Oct. 26, 2012- Winbond Electronics Corporation today announced the financial results for the third quarter of 2012. On an unconsolidated basis, net sales were NT$6.579 billion, a decrease of 3 % QoQ and a decrease of 5 % YoY, with gross margin of 11% . Net loss for the third quarter was NT$ 325 million; loss per share was NT$0.09.Revenues for January through September 2012 totaled NT$19.183 billion, a decrease of 10.77 % compared to the same period in 2011.
On a consolidated basis, net sales for the third quarter were NT$ 8.54 billion, a decrease of 6 % QoQ, with gross margin of 18%. Consolidated revenues for January through September 2012 totaled NT$25.096 billion, a decrease of 8.3 % compared to the same period in 2011. Loss per share for the first nine months of 2012 was NT$0.35.
To break down revenue by products, Specialty DRAM accounted for 44%, NOR Flash 43%; and Mobile RAM 13% of total revenue. Thanks to good demand of handheld devices and digital display, NOR Flash revenues grew mildly compared to the second quarter this year and the same period last year. The company continued to migrate into 58nm technology and maintain stable growth by developing higher density NOR Flash products and increasing sales into Tier-1 clients.
Due to weak demand from HDD, Specialty DRAM revenues dropped by 4% QoQ. We expect the margin will be enhanced by better product and customer mix, through increasing sales of KGD products and endeavoring into industrial and automotive markets. Smooth migration to 46nm process will further drive cost reduction. As for Mobile RAM, we increasingly moved products into new segments. For instance, the 46mm high-density Pseudo RAM product is under qualification and continuous development of Low-Power DRAM business in mobile devices.
In 2012, the company will spend NT$2.6 billion capital expenditure for advanced technology migration and balanced capacity allocation between NOR Flash and DRAM products.
Spokesperson
James Wen
Vice President of Finance Center & CFO
Tel：03-5678168
News Liaison
Mandy Wang
Investor Relations Dept.
Tel：0975-995525
Email： YCWang16@winbond.com