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BOE Reports Q318 Profit Down 81.4% Y/Y
November 05, 2018
 
BOE had a poor quarter even with a Y/Y revenue growth of ~5%, but profits were significantly down, reflecting increases in capacity but at significantly lower ASPs even as their Gen 10.5 fab reached MP. 
 
Operating Revenue (3Q)                              +4.79% Y/Y
Net Profit (3Q)                                  -              -81.4%
Diluted EPS (3Q)                                               -80.7%
Government Subsidies (9 mos.)                $349.4m US
Ownership:
State (direct)                                                    35.01%
Construction in Progress (9 mos.)                      +32% Y/Y
Financing Cost (9 mos.)                                    +59%