Acter Group Co., Ltd. (will be abbreviated “Acter*” in the after, stock code:5536) announced 3rd Q of 2022 performance and the first half of 2022 surplus earning distribution.

Key Highlights

• On a consolidated basis, revenue for the third quarter of 2022 is NTD 8.34 billion, profit after tax attributable to the parent company NTD 0.64 billion, which are 66%, and 96% yearly increase, respectively, the third quarter profit hits record high. The revenue of the first three quarters of 2022 reach NTD 20.24 billion, profit after tax attributable to the parent company NTD 1.36 billion and had already beat the profits of last whole year, cause of Acter* change of stock denomination to NTD $5, doubled the number of issued shares. The adjusted earnings per share (EPS) for the third quarter of 2022 and the cumulative first three quarters were NTD 5.57 and NTD 11.86, respectively, if calculated by NTD 10 par value per share, the EPS in the third quarter of 2022 and the cumulative first three quarters will be approximately NTD 11.14 and NTD 23.72, respectively.
• Acter*’s revenue in Taiwan, China, and others (including Southeast Asia) is 59%, 36%, and 5%, respectively, in the third quarter of 2022. Benefiting from customers in industries such as semiconductors and high-tech electronics, the company continued to promote expansion plans, driving sales in Taiwan and China to increase by 116% and 30%, respectively in the third quarter, resulting in strong growth in overall operations.
• In the third quarter of 2022, the overall gross profit margin and operating profit rate are 16% and 11%, respectively. Benefiting from the large number of overall project engineering orders, continue to deepen and refine the cost of raw material procurement, and appropriate management and control of large and small project manpower and expenses, so as to improve the overall operating profitability.
• Consider Acter*'s sufficient capital reserves and financially stable, the board of directors decided to issue a cash dividend of NTD $3.5 per share (calculated by NTD $5 par value per share) in the first half of 2022, with a cash dividend distribution rate of 56%, in order to share the overall operating results with all shareholders. If converted to 10 par value per share, the distribution is equivalent to NTD $7 in cash dividends.
• Looking forward to the fourth quarter of 2022, Acter*’s order backlogs still stay in good visibility and deem a middle-long term stable growth operation. On the other hand, the Group continued to expand its overall business orders, while simultaneously optimizing the business order content, and response to the global trend of green environmental protection, the group keep deepened the development of various green technologies, provided customers with the best environmental protection and energy saving solutions, and further enhanced the overall market competitiveness of the Group, and help the future’s operation step forward.

2022 3rd Q Review

• On a consolidated basis, revenue for the third quarter of 2022 is NTD 8.34 billion, profit after tax attributable to the parent company NTD 0.64 billion, which are 66%, and 96% yearly increase, respectively, benefiting from the large number of the cleanroom and electro-mechanical integration engineering implement technology projects orders from major customers in Taiwan and China. And the Group continued to deepen vertical and horizontal resource integration, stably expanded professional talents, and improved project management efficiency, resulting in overall operational growth. Not only third quarter profit hits record high but also the revenue of the first three quarters of 2022 reach NTD 20.24 billion, profit after tax attributable to the parent company NTT 1.36 billion and had already beat the profits of last whole year, cause of Acter* change of stock denomination to NTD $5, doubled the number of issued shares. The adjusted earnings per share (EPS) for the third quarter of 2022 and the cumulative first three quarters were NTD 5.57 and NTD 11.86, respectively, if calculated by NTD 10 par value per share, the EPS in the third quarter of 2022 and the cumulative first three quarters will be approximately NTD 11.14 and NTD 23.72, respectively.
• Acter* claimed that the Group actively strengthens the integration of core skills such as electromechanical, cleanroom engineering, TURNKEY services and high-tech process equipment positioned as an Engineering Procurement Construction Management (EPCM) turnkey project service, Acter* expanded its business layout in multiple industries and regions. Recently, the overall scale and amount of the expansion of various industries and factories have moved towards large-scale development, the Group's strategic benefits can be more effectively demonstrated. Acter*’s revenue in Taiwan, China, and others (including Southeast Asia) is 59%, 36%, and 5%, respectively, in the third quarter of 2022. Benefiting from customers in industries such as semiconductors and high-tech electronics, the company continued to promote expansion plans, driving sales in Taiwan and China to increase by 116% and 30%, respectively in the third quarter, results in strong growth in overall operations.
• Acter* indicates that benefiting from the large number of overall project engineering orders, continue to deepen and refine the cost of raw material procurement, and appropriate management and control of large and small project manpower and expenses, so as to improve the overall operating profitability. In the third quarter of 2022, the overall gross profit margin and operating profit rate are 16% and 11%, respectively.
• In addition, Acter* change to a semi-annual dividend distribution starting this year, considering Acter*'s sufficient capital reserves and financially stable, the board of directors decided to issue a cash dividend of NTD $3.5 per share (calculated by NTD $5 par value per share) in the first half of 2022, with a cash dividend distribution rate of 56%, the Group strives to drive annual operating profit and maintain a high cash dividend policy, in order to share the overall operating results with all shareholders. If converted to 10 par value per share, the distribution is equivalent to NTD $7 in cash dividends.

2022 4th Q Outlook

• Looking forward to the fourth quarter of 2022, Acter*’s order backlogs still stay in good visibility and deem a middle-long term stable growth operation., and customers in various industries continue to promote expansion plans, with gradually recognized of orders contribute to a good operating momentum. On the other hand, the Group continued to expand its overall business orders, while simultaneously optimizing the business order content, and response to the global trend of green environmental protection, the group keep deepened the development of various green technologies, provided customers with the best environmental protection and energy saving solutions, strengthen the loyalty of customers in various industries in business cooperation ,and further enhanced the overall market competitiveness of the Group, and help the future’s operation step forward.

（attachment 1）Acter* 2022 3rd Q Concise Consolidated FS Report：                                   

Unit: NTD thousand/%

Note: The number of the shares that has been issued and the registration of changes has been completed is 114,608 thousand shares.

（attachment 2）Acter* Dividends in recent years：                                                             

Unit: NTD

Note: Acter* changed the par value from NTD 10 to NTD 5 in September 19th, and propose to distribute NTD $3.5 Cash dividends per stock in first half year of 2022, if converted to the same stock denomination, it is equivalent to the distribution of NTD $7 in cash dividends.

News Contact:

ACTER GROUP CORPORATION LIMITED:

Assistant Vice President     Miss Tsao   (04)2261-5288  ir@acter.com.tw