TECO Electric & Machinery Co., Ltd. Unaudited Consolidated Monthly Revenue Report for May 2023

Date：June 12, 2023

For previous information, please refer to: https://www.teco.com.tw/en/announce/finance

Note: (↑) for growth, (↓) for decline

The monthly consolidated revenue was NT$ 5.11 billion for May 2023, up 6.32% YoY, which was a new high for the same period in the past 13 years.

The cumulative revenue in the first five months of 2023 was NT$ 24.42 billion, up 5.65% YoY, which was a new high for the same period in the past 13 years.

The monthly consolidated revenue was NT$ 5.11 billion for May 2023, up 6.32% YoY. Except for the slight decline of "Air & Intelligent Life", both "Green Mechatronic Solution" and "Intelligence Energy" maintained growth:

1.      Green Mechatronic Solution：The growth in shipments of high-voltage motors is the main driver for YoY growth.

2.      Air & Intelligent Life：Revenue decreased compared to the same period last year mainly due to the slight decline in businesses of home appliances, home delivery, and TECOM.

3.      Intelligence Energy：The growth in revenue from substation projects of offshore wind farm, new construction of Taoyuan Airport, and energy storage projects is the main driver for YoY growth.

The cumulative revenue in the first five months of 2023 was NT$ 24.42 billion, up 5.65% YoY. Except for the decline of "Air & Intelligent Life", both "Green Mechatronic Solution" and "Intelligence Energy" maintained growth:

1.      Green Mechatronic Solution：The growth in shipments of high-voltage motors is the main driver for YoY growth.

2.      Air & Intelligent Life：Revenue decreased mainly due to the one-off government project in the same period last year, resulting in the higher base period of comparison.

3.      Intelligence Energy：Revenue grew robustly mainly because revenue from substation projects of offshore wind farm, internet data center, and energy storage projects continued to rise.

2023.07.10：Unaudited Consolidated Monthly Revenue Report for June 2023

2023.08.11：2023 Q2 Consolidated Financial Statements

           Email：ir@teco.com.tw

Website：https://www.teco.com.tw/en

The revenue figures above are from the Company’s management account and have not been audited by the CPA.

This Report contains certain forward-looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

Except as required by law, the Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.