Tongtai (TWSE: 4526) 2023 Q4 BOD and October 2023 sales report Press Release

Tongtai Machine & Tool Co., Ltd (4526) held a board meeting yesterday (9) to approve the consolidated financial report for the first three quarters 2023. consolidated net revenue for the first three quarters of 2023 amounted to NT$5,708,256 thousand , a decrease of NT$428,285 thousand (7%) from the same period of the previous year. As for the profit and loss, the consolidated after-tax net profit for the third quarter of 2023 amounted to NT$32,732 thousand, an increase of NT$13,275 thousand compared with the previous quarter. After-tax net income attributable to the parent company amounted to $10,226 thousand, ending the loss for the second consecutive quarter and increasing by $26,078 thousand compared to the previous quarter. After-tax EPS amounted to NT$0.04, an increase of NT$0.1 compared to the last quarter. To summarize, in the first three quarters of 2023, the subsidiary Honor Seiki had vital order intake and revenue growth, and Anger machining gmbh turned around to profitability with profits of $107,543 thousand and $70,543 thousand for the first three quarters of 2023 and $107,543 thousand and $70,000 thousand for the first three quarters of 2023, respectively. However, the Group's operating results were still affected by the overall poor market environment, and the after-tax loss attributable to the parent company for the first three quarters was $11,808 thousand, or a loss of $0.05 per share.

TTGroup reported consolidated net revenue of NT$547,976 thousand in October,2023; the cumulative consolidated revenue was NT$6,256,232 thousand, a decrease of 8% compared to last year. The orders on hand amounted to NT$4.3 billion. Regarding product applications, the automotive industry accounted for 40% of revenue, the aerospace industry for 11%, and the energy industry for 4%. Regarding market share, Taiwan accounts for 46%, Europe and the U.S. account for 29%, and other regions in Asia account for 20%.