WPG (TSE:3702) Announced Its Record High in Consolidated Sales, Gross Profit and Operating Income.
WPG (TSE:3702) Announced Its Record High in Consolidated Sales, Gross Profit and Operating Income.
Taipei, Taiwan
2012/02/07
Benefited from expansion of emerging markets such as China and India, and synergy of its M&A, WPG, the largest distributor of semiconductor components in Asia, announced its record high in consolidated sales, gross profit and operating income. The reported 2011consolidatedsales reachedNT$332.4billion, representing 29.2% growth over the previous year. Net income of 2011was NT$5.14 billion and NT$3.25 per share on a diluted basis. Moreover, due to continuous profit injection and effective portfolio management, the company’s operation generated a record high single quarter operating cash inflow of NT$8.8 billion during 4thquarter 2011.
The growth has been delivered by emerging market expansion and continuousproduct mix optimization. Revenue contribution of smartphone, wireless broadband and tablet pc continued increasing. Non-3C segments such as automobile and industrial electronics have been growing to 10%. Inventory turnover days decreased to 37 days, Return on Working Capital (ROWC) and ROE was 12.8% and14.5%respectively.
Management guidesthe total sales of the first quarter will be between NT$75billion and NT$ 79billion, with the grossmargin in the range of 5.3%~5.5% and the average operating margin is 1.4%~1.6%.
In the 4thquarter2011, more than 60application solutions were provided in the fields of computer and peripheral (21), industrial electronics (17), cell phone and communication (13),consumer electronics (9), and general (1), focusing on applications of industrial PC, tablet PC, POS, power management, green energy, wifi, 4G(WiMAX) and LED lighting.(for more information please visit WPG Tech on-line, https://www.wpgholdings.com/wpgtechonline.php).”
Table: WPG Holdings Consolidated Management Financials for the quarter ended December 31, 2011. (in brief)
Units：NT$ million
Income Statement (2011/1/1~2011/12/31) |
| Balance Sheet (2011/12/31) | ||
|---|---|---|---|---|
Item | Amount |
| Item | Amount |
Net Sales | 332,409 |
| Current Assets | 98,373 |
Cost of Goods Sold | (314,295) |
| Accounts receivables | 47,563 |
Gross Profit | 18,114 |
| Inventory | 33,441 |
Operating Expenses | (11,389) |
| Other assets | 11,199 |
Operating Profit | 6,724 |
| Total Assets | 109,573 |
Non-op Expenses | (401) |
| Current Liabilities | 65,600 |
Profit Before Tax | 6,323 |
| Accounts payables | 28,366 |
Tax | (1,157) |
| LT Liabilities | 5,456 |
Minority & Others | (20) |
| Total Liabilities | 71,669 |
Profit After tax | 5,146 |
| Common Stock | 15,839 |
EPS (Note) | 3.25 |
| Stockholders Equity | 37,904 |
Net book value per share(Note) | 23.45 |
| ||
Note：Based on weighted average outstanding shares.
Cash flows (2011/1/1~2011/12/31) | |
Item | Amount |
Net Income | 5,166 |
Changes of NWC | (10,915) |
Operating cash outflow | (6,038) |
Investment cash inflow | 1,192 |
Financial Debt | 6,542 |
Financing cash outflow | 3,494 |
Cumulative translation adjustments | 1,272 |
Net Cash | 248 |
Beginning cash balance | 7,573 |
Ending cash balance | 7,821 |
IRcontacts：Cliff Yuan/ Kathryn Chen / Zoe Peng
Tel：886-2-7712-5268 / 886-2-7712-5278 / 886-2-7712-5262
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com