Earnings Per Share

12 Months Ended

Dec. 31, 2022

27.	EARNINGS PER SHARE

The earnings and weighted average number of ordinary shares outstanding in the computation of earnings per share were as follows:

Net profit for the year


	For the Year Ended December 31
	2020			2021			2022
	NT$			NT$			NT$			US$ (Note 4)

Profit for the year attributable to owners of the Company	$	26,970,580		$	60,150,167		$	61,501,545		$	2,001,352
Effect of potentially dilutive ordinary shares:
Potential ordinary shares of the subsidiary		(521,073	)		(1,056,778	)		(1,811,449	)		(58,947	)


Earnings used in the computation of diluted earnings per share	$	26,449,507		$	59,093,389		$	59,690,096		$	1,942,405

Weighted average number of ordinary shares outstanding (in thousand shares)


	For the Year Ended December 31
	2020		2021		2022

Weighted average number of ordinary shares in the computation of basic earnings per share		4,265,732		4,305,348		4,274,687
Effect of potentially dilutive ordinary shares
Employee share options		22,086		58,113		40,351
Employees’ compensation		815		1,264		1,940
Employee restricted stock awards		—		943		6,445


Weighted average number of ordinary shares in the computation of diluted earnings per share		4,288,633		4,365,668		4,323,423

For the computation of earnings per ADS, the denominators were the half of the aforementioned weighted average outstanding shares (1 ADS represents 2 ordinary shares) while the numerators held constant.

The Group is able to settle the employees’ compensation by cash or shares. The Group assumed that the entire amount of the compensation would be settled in shares and the resulting potential shares were included in the weighted average number of ordinary shares outstanding used in the computation of diluted earnings per share if the effect is dilutive. Such dilutive effect of the potential shares was included in the computation of diluted earnings per share until the board of directors approve the number of shares to be distributed to employees at their meeting in the following year.