TECO Electric & Machinery Co., Ltd. Unaudited Consolidated Monthly Revenue Report for February 2023
Date：March 10, 2023
|
Month |
Consolidated
Monthly Revenue (in thousand NT dollars) |
YoY Change % |
|
Feb. |
4,601,348 |
+14.19% |
|
Cumulative Sales |
9,124,533 |
+4.88% |
For previous information, please refer to: https://www.teco.com.tw/en/announce/finance
|
Time |
Basis |
Three Major Business Groups |
|
Feb. |
YOY |
Intelligence Energy > Green Mechatronic >
Air & Intelligent Life (↑) (↑) (↓) |
|
YTD |
YOY |
Intelligence Energy > Green Mechatronic
> Air & Intelligent Life (↑) (↑) (↓) |
Note: (↑) for growth, (↓) for decline
|
Monthly Revenue Overview |
The monthly consolidated revenue was NT$ 4.60
billion for February
2023, up 14.19% YoY, which was a new high for the same month in the past 13
years.
The cumulative revenue in the first two months of
2023 was NT$ 9.12 billion, up 4.88% YoY, which was a new high for the same
period in the past 13 years.
|
Monthly Operating Performance by Business Groups |
The monthly
consolidated revenue was NT$ 4.60 billion for February 2023, up 14.19% 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
double-digit growth YoY.
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 doubly mainly because revenue from substation
projects of offshore wind farm, internet data center, and energy storage
projects continued to rise.
|
Cumulative Operating Performance by Business Groups |
The cumulative revenue
in the first two months of 2023 was NT$ 9.12 billion, up 4.88% 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 and Motovario in Europe is the main driver for double-digit growth YoY.
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 nearly doubly mainly because revenue from substation
projects of offshore wind farm, internet data center, and energy storage projects continued to rise.
|
Upcoming Events |
2023.03.15：2022
Consolidated Financial Statements
2023.03.21：2022 Q4 Investor Conference
2023.04.12：Unaudited Consolidated Monthly Revenue Report for March
2023
Email：ir@teco.com.tw
Website：https://www.teco.com.tw/en
|
Major Business in Three Business Groups |
|
|
|
Green
Mechatronic Solution |
Industrial Motors Inverter / Servo System Industrial Low-Carbon Solutions / AGV EV (Powertrain) / Charging Pile |
|
|
Air &
Intelligent Life |
Residential Air Conditioners & Home Appliances Commercial Air Conditioners / Refrigeration
Engineering Taiwan Pelican (Courier service) ITTS / TECOM |
|
|
Intelligence
Energy |
Energy & Engineering Projects Internet Data Center Substation Projects of Offshore Wind Farm Energy Storage System |
|
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.