TECO Electric & Machinery : Unaudited Consolidated Monthly Revenue Report for October 2023
November 10, 2023 at 05:56 pm EST
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Unaudited Consolidated Monthly Revenue Report for October 2023
2023/11/10
Image / TECO
Date：November 10, 2023
Month
Consolidated Monthly Revenue
(in thousand NT dollars)
YoY Change %
Oct.
4,664,515
-1.45%
Cumulative Sales
49,695,792
+3.54%
For previous information, please refer to:https://www.teco.com.tw/en/announce/finance
Note: (↑) for growth, (↓) for decline
Monthly Revenue Overview
The monthly consolidated revenue was NT$ 4.66billion forOctober 2023, down 1.45% YoY, which was the second highest for the same period in the past 13 years.
The cumulative revenue in the first ten months of 2023 was NT$ 49.70billion, up 3.54% 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$ 4.66billion for October 2023, down1.45% YoY. Except for the "Green MechatronicSolution" which was roughly flat, "Air & Intelligent Life" and "Intelligence Energy" declined slightly:
1. Green MechatronicSolution：Due to factors such as the Israeli-Arab war, the United Auto Workers strike, and the continued sluggish European economy.2. Air & Intelligent Life：Revenue decreased compared to the same period last year mainly due to the weak demandfrom ITTS and home delivery businesses.3. Intelligence Energy：Mainly due to differences in the timing of project recognition, revenue decreased slightly compared to the same period last year.
Cumulative Operating Performance by Business Groups
The cumulative revenue in the first tenmonths of 2023 was NT$ 49.70billion, up3.54% 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 10 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2023 22:54:56 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. 
