TECO Electric & Machinery : Unaudited Consolidated Monthly Revenue Report for July 2023
August 11, 2023 at 12:06 am EDT
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TECO Unaudited Consolidated Monthly Revenue Report for July 2023
2023/08/11
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TECO Electric & Machinery Co., Ltd.
Unaudited Consolidated Monthly Revenue Report for July2023
Date：August 10, 2023
Month
Consolidated Monthly Revenue
(in thousand NT dollars)
YoY Change %
Jul.
4,887,315
-6.52%
Cumulative Sales
34,730,904
+3.01%
For previous information, please refer to:https://www.teco.com.tw/en/announce/finance
Time
Basis
Three Major Business Groups
Jul.
YOY
Green Mechatronic > Air & Intelligent Life > Intelligence Energy
(↑) (↓) (↓)
YTD
YOY
Intelligence Energy > Green Mechatronic > Air & Intelligent Life
(↑) (↑) (↓)
Note: (↑) for growth, (↓) for decline
Monthly Revenue Overview
The monthly consolidated revenue was NT$ 4.89billion forJuly 2023, down 6.52% YoY.
The cumulative revenue in the first sevenmonths of 2023 was NT$ 34.73billion, up 3.01% 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$ 4.89billion for July 2023, down 6.52% YoY. Except for the growth of "Green MechatronicSolution", both "Air & Intelligent Life"and "Intelligence Energy" declined:
1. Green MechatronicSolution：The continuous growthin shipments of high-voltage motors isthe main driverfor YoYgrowth.2. Air & Intelligent Life：Compared to the same period last year, the air conditioning business has turned to positive growth, gradually narrowing the YoY decline in revenue of the business group.3. Intelligence Energy：Mainly due to the one-off recognition of revenue due to the procurement of equipment for the energy storage project in the same period last year, resulting in a higher base period.
Cumulative Operating Performance by Business Groups
The cumulative revenue in the first seven months of 2023 was NT$ 34.73billion, up3.01% YoY.Except for the decline of "Air & Intelligent Life", both "Green MechatronicSolution" and "Intelligence Energy" maintained growth:
1. Green MechatronicSolution：The growthin shipments of high-voltage motors isthe main driverfor YoYgrowth.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 from substation projects of offshore wind farm, internet data center, and energy storage projects are the main sources of growth.
Ÿ Residential Air Conditioners & Home AppliancesŸ Commercial Air Conditioners / Refrigeration EngineeringŸ Taiwan Pelican (Courier service)Ÿ ITTS / TECOM
Intelligence Energy
Ÿ Energy & Engineering ProjectsŸ Internet Data CenterŸ Substation Projects of Offshore Wind FarmŸ Energy Storage System
The revenue figures above are from the Company's management account andhave 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.
Teco Electric & Machinery Co. Ltd. published this content on 11 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 04:05:00 UTC.
TECO Electric Machinery Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of heavy electricity equipment and electronic control products. The Company operates through two business segments. The Heavy Electrical Equipment segment is engaged in the manufacture and sale of various motors, reducers, inverters and generators. The Home Appliances segment is engaged in the manufacture, installation and sale of various televisions and other video appliances, as well as air conditioners, refrigerators, washing machines and small household appliances. The Company is also engaged in the provision of power engineering services and power equipment, as well as electric vehicle products, fire pumps and other products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, Australia, Japan, Singapore, Indonesia and mainland China.
TECO ELECTRIC & MACHINERY CO., LTD. 
