{"id":22409,"date":"2023-08-14T18:00:02","date_gmt":"2023-08-14T10:00:02","guid":{"rendered":"https:\/\/corp.pchome.tw\/en\/?p=22409"},"modified":"2023-08-15T18:27:40","modified_gmt":"2023-08-15T10:27:40","slug":"pchome-online-reported-second-quarter-2023-results","status":"publish","type":"post","link":"https:\/\/corp.pchome.tw\/en\/pchome-online-reported-second-quarter-2023-results\/","title":{"rendered":"PChome Online Reported Second Quarter 2023 Results"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"22409\" class=\"elementor elementor-22409\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-453d7df elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"453d7df\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-66ee1d20\" data-id=\"66ee1d20\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ef6386 elementor-widget elementor-widget-text-editor\" data-id=\"4ef6386\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t\t<p><b>Taipei, August 14<\/b><b>th<\/b><b>, 2023 <\/b><span style=\"font-weight: 400;\">\u2013 PChome Online announced financial results for the second quarter ended June 30<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\">, 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 BU. The standalone financial statements reflect a clearer picture of the B2C business.<\/span><\/p><p><b>Update on 2023 Rights Offering:<\/b><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Effective on August 11<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\">, PChome announced the completion of a NT$641.6 million capital increase, issuing 16,000,000 new common shares at NT$40.1 per share. Following the 2023 rights offering, the company\u2019s total issued shares would be 144,162,945 shares.<\/span><\/li><\/ul><p><strong>Second Quarter 2023 Consolidated Financial Highlights:<\/strong><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The consolidated revenue was NT$9,022million (-19.3% YoY) in 2Q 2023, with B2C sales of NT$8,499 million (-18.4% YoY), Marketplace sales of NT$247 million (-30.1% YoY), Fintech sales of NT$381 million (+26.8% YoY) and Other sales (including group adjustments) of NT$178 million (+61.5% YoY).<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">B2C: 3C categories sales declined 18.4% YoY and accounted for 70.7% of total B2C sales in 2Q 2023 (vs. 71.0% in 1Q 2023 or 70.7% in 2Q 2022). Non-3C categories sales declined 18.3% YoY and accounted for 29.3% of total B2C sales in 2Q 2023 (vs. 29.0% in 1Q 2023 or 29.3% in 2Q 2022). The restrained revenue momentum was attributed to overall weaker demand for 3C-related products, along with a spending shift in consumer budgets towards physical retail, including outdoor travel categories.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Marketplace BU sales decreased by 30.1% YoY in 2Q 2023, also impacted by the softening e-commerce demand for consumer electronics and household products.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Fintech BU sales continued to deliver a healthy growth of 26.8% YoY in 2Q 2023, primarily driven by the growth of merchant services and credit offerings.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Other BU sales, including group consolidation adjustments, and eliminations, increased by 61.5% YoY in 2Q 2023, with a one-time adjustment of NT$284 million due to the change in the method of revenue recognition (previously on a gross basis, and now on a net basis) for Bibian, a subsidiary of PChome cross- border e-commerce service.<\/span><\/li><\/ul><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The consolidated gross profit was NT$1,164 million (-10.8% YoY) in 2Q 2023, down by NT$141 million, mainly due to the gross profit decline from the B2C BU.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The consolidated operating expenses was NT$1,305 million (-6.0% YoY) in 2Q 2023, down by NT$84 million compared to 2Q 2022, mainly originating from the cost control measures implemented in the B2C BU.<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Selling and Marketing expenses decreased NT$61 million compared to the amount in 2Q 2022, with a ratio of 9.9% in 2Q 2023 (vs. 8.6% in 2Q 2022).<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">General and Administrative expenses decreased NT$14 million compared to the amount in 2Q 2022, with a ratio of 1.9% in 2Q 2023 (vs. 1.7% in 2Q 2022).<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Research and Development expenses decreased NT$35 million compared to the amount in 2Q 2022, with a ratio of 1.5% in 2Q 2023 (vs. 1.5% in 2Q 2022).<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Provision expense was NT$96 million, up by NT$27 million compared to the amount in 2Q 2022, reflecting the growing credit portfolio of Fintech BU.<\/span><\/li><\/ul><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The consolidated operating loss was NT$141 million in 2Q 2023, a decreasing amount of NT$58 million compared to 2Q 2022.<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">B2C BU\u2019s operating loss was NT$167 million in 2Q 2023, a decreasing amount of NT$114 million compared to 2Q 2022, while operational efficiency has improved, the constraints posed by revenue scale and fixed logistics costs have remained.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Marketplace BU&#8217;s operating profit was NT$12 million, a decreasing amount of NT$8 million compared to 2Q 2022.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Fintech BU\u2019s operating profit was NT$36 million and recorded a recovery gain of NT$61 million, totaling a NT$97 million pretax profit in 2Q 2023, with an increasing amount of NT$69 million compared to 2Q 2022.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Other BU, including cross-border business, consolidation adjustments, and eliminations, reported an operating loss of NT$22 million in 2Q 2023.<\/span><\/li><\/ul><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The consolidated non-operating income was NT$53 million in 2Q 2023, consisting of the recovery gain of NT$61 million from Fintech BU.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The tax income was NT$31 million, mainly attributed to the tax refund of NT$77 million from the recognition of capital loss due to capital reduction of PChomePay (merged by Pi Wallet) in 2020.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The consolidated net loss was NT$57 million, net income attributed to minority interest was NT$29 million, net loss attributed to shareholders and EPS was NT$86 million and NT$(0.69), respectively.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">For more financial details, please visit Market Observation Post System.<\/span><\/p><p><img class=\"aligncenter wp-image-22414 size-full\" src=\"https:\/\/corp.pchome.tw\/en\/wp-content\/uploads\/2023\/08\/PChome-Online-Reported-Second-Quarter-2023-Results.png\" alt=\"\" width=\"736\" height=\"1107\" srcset=\"https:\/\/corp.pchome.tw\/en\/wp-content\/uploads\/2023\/08\/PChome-Online-Reported-Second-Quarter-2023-Results.png 736w, https:\/\/corp.pchome.tw\/en\/wp-content\/uploads\/2023\/08\/PChome-Online-Reported-Second-Quarter-2023-Results-199x300.png 199w, https:\/\/corp.pchome.tw\/en\/wp-content\/uploads\/2023\/08\/PChome-Online-Reported-Second-Quarter-2023-Results-681x1024.png 681w\" sizes=\"(max-width: 736px) 100vw, 736px\" \/><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Taipei, August 14th, 2023 \u2013 PChome Online announced fin &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/corp.pchome.tw\/en\/pchome-online-reported-second-quarter-2023-results\/\"> <span class=\"screen-reader-text\">PChome Online Reported Second Quarter 2023 Results<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":30,"featured_media":17180,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"image","meta":[],"categories":[1,161,9],"tags":[],"post_folder":[],"_links":{"self":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts\/22409"}],"collection":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/comments?post=22409"}],"version-history":[{"count":11,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts\/22409\/revisions"}],"predecessor-version":[{"id":22421,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts\/22409\/revisions\/22421"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/media\/17180"}],"wp:attachment":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/media?parent=22409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/categories?post=22409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/tags?post=22409"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/post_folder?post=22409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}