{"id":22317,"date":"2023-05-15T18:00:07","date_gmt":"2023-05-15T10:00:07","guid":{"rendered":"https:\/\/corp.pchome.tw\/en\/?p=22317"},"modified":"2023-07-17T14:23:32","modified_gmt":"2023-07-17T06:23:32","slug":"pchome-online-reported-first-quarter-2023-results","status":"publish","type":"post","link":"https:\/\/corp.pchome.tw\/en\/pchome-online-reported-first-quarter-2023-results\/","title":{"rendered":"PChome Online Reported First Quarter 2023 Results"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t\t

Taipei, May 15th, 2023<\/strong> \u2013 PChome Online announced financial results for the first quarter ended Mar. 31st, 2023 today. We provided consolidated financial statements and standalone financial statements as follows. The consolidated financial statements reflect performance across all BUs, including B2C, Marketplace, Fintech, and Others. The standalone financial statements reflect a clearer picture of the B2C business.<\/p>

First Quarter 2023 Consolidated Financial Highlights:<\/strong><\/p>

\u25cf The consolidated revenue was NT$10,156 million (-13.3% YoY) in 1Q 2023, with B2C\u00a0<\/strong>sales of NT$9,144 million (-16.6% YoY), Marketplace sales of NT$300 million (-17.1%\u00a0<\/strong>YoY), Fintech sales of NT$388 million (+21.3% YoY) and Other sales of NT$324 million\u00a0<\/strong>(+380.7% YoY).<\/strong><\/p>

o B2C: 3C categories sales declined 16.7% YoY and accounted for 71.0% of total <\/span>B2C sales in 1Q 2023 (vs. 73.3% in 4Q 2022 or 71.1% in 1Q 2022). Non-3C <\/span>categories sales declined 16.7% YoY and accounted for 29.0% of total B2C sales\u00a0<\/span>in 1Q 2023 (vs. 26.7% in 4Q 2022 or 28.9% in 1Q 2022). As consumers pull back <\/span>on spending and adjust to the ongoing macro uncertainties of a post-pandemic <\/span>world, resulting in constrained revenue momentum.<\/span><\/p>

o Marketplace BU sales decreased by 17.1% YoY in 1Q 2023, also impacted by <\/span>overall slowdown of e-commerce demand.<\/span><\/p>

o Fintech BU sales maintained a consistent and healthy growth of 21.3% YoY in <\/span>1Q 2023, mainly from expansion of merchant services and credit products.<\/span><\/p>

o Other BU continued to experience strong sales growth of 380.7% YoY in 1Q <\/span>2023, primarily driven by Bibian, the group\u2019s cross-border e-commerce <\/span>platform.<\/span><\/p>

\u25cf The consolidated gross profit was NT$1,199 million (-16.3% YoY) in 1Q 2023,\u00a0<\/strong>decreasing NT$234 million in total, mainly due to the margin decrease of the B2C BU.<\/strong><\/p>

\u25cf The consolidated operating expenses was NT$1,317 million (-8.0% YoY) in 1Q 2023, a\u00a0<\/strong>decreasing amount of NT$115 million compared to 1Q 2022, mainly due to expense\u00a0<\/strong>control actions in the B2C BU. <\/strong><\/p>

o\u00a0<\/span>Selling and Marketing expenses ratio was 9.2% in 1Q 2023 (vs. 9.0% in 1Q 2022), with a reduction of NT$118 million, reflecting the advertising expense\u00a0optimization of B2C BU despite the fixed expense of NT$61 million from new <\/span>automation warehouse A7 starting to kick-in.<\/span><\/p>

o General and Administrative expense ratio was 1.6% in 1Q 2023 (vs. 1.5% in 1Q <\/span>2022) with a decreasing amount of NT$20 million.<\/span><\/p>

o Research and Development expenses ratio was 1.5% in 1Q 2023 (vs. 1.3% in 1Q 2022) with a decreasing amount of NT$4 million.<\/p>

o Expected credit loss was NT$80 million, an increasing amount of NT$ 28 million compared to 1Q 2022, originated from the growing credit portfolio of Fintech BU.<\/p>