WPG (TSE:3702) Reports Its 2015 Consolidated Sales Surpassed the NT$500 Billion Mark for the First Time and 2015 Net income Reached NT$5.449 Billion. EPS was NT$3.29
WPG (TSE:3702) Reports Its 2015 Consolidated Sales Surpassed the NT$500 Billion Mark for the First Time and 2015 Net income Reached NT$5.449 Billion. EPS was NT$3.29
2016/02/03
Benefited from growing shipments of mobile phone, communication-related components, automotives and power saving, WPG, the largest distributor of semiconductor components in Asia, announced Its group’s record high in 2015 consolidated sales and operating profit. 2015 consolidated sales surpassed the NT$500 billion mark for the first time and reached NT$515.651 Billion. Under effective expense control, operating expenses to sales ratio declined continuously to 2.51%, 2015 operating income and net income reached NT$8.496 billion and NT$5.449 billion respectively. EPS was NT$3.29 per share.
The profit growth has been delivered by continued growing demand of 4G and 3G mid to high-end smart phone, wireless broadband, and cloud servers. Non-3C segments’ contribution such as automotives, industrial electronics and power saving remained healthy. Key financial indices: Return on Working Capital (ROWC) and ROE was 8.6% and 11.7% respectively. Inventory turnover days of fourth qurter 2015 decreased to 37 days.
In the fourth quarter of 2015, 54 application solutions were provided in the fields of Automotive (22), Wearable devices (16), Power(12), Smart phone (2), Smart Home (1), Industrial (1), focusing on applications of pulse oximeter, biomonitor, iris identificatio, BLE wearable devices, PhotoPlethysmoGraphy, integrated magnetic sensing, wireless charging, sensor hub, switched mode power supply, 3D navigation, SSL multi channel, tire-pressure monitoring system, daytime running light, decentralized door electronics system.
Table: WPG Holdings Consolidated Management Financials for the year ended December 31, 2015. (In brief)
Units：NT$ million
|
Income Statement (2015/1/1~2015/12/31) |
|
Balance Sheet (2015/12/31) |
||
|
Item |
Amount |
|
Item |
Amount |
|
Operating revenues |
515,651 |
|
Current Assets |
165,090 |
|
Cost of Goods Sold |
(494,199) |
|
Accounts receivables |
92,889 |
|
Gross Profit |
21,453 |
|
Inventories |
49,654 |
|
Operating Expenses |
(12,957) |
|
Other assets |
13,637 |
|
Operating income |
8,496 |
|
Total Assets |
178,727 |
|
Non-op Expenses |
(1,336) |
|
Current Liabilities |
111,246 |
|
Profit Before Tax |
7,160 |
|
Current Borrowing |
59,568 |
|
Tax |
(1,697) |
|
Accounts payables |
44,278 |
|
Minority & Others |
(14) |
|
LT Liabilities |
18,009 |
|
Profit After tax |
5,449 |
|
Total Liabilities |
130,237 |
|
EPS (Note) |
3.29 |
|
Common Stock |
16,557 |
|
Net book value per share (Note) |
28.95 |
|
Total Equity |
48,490 |
Note：Based on weighted average outstanding shares.
|
Cash flows (2015/1/1~2015/12/31) |
|
|
Item |
Amount |
|
Income before Income Tax |
7,160 |
|
Change in NWC |
(8,953) |
|
Operating cash inflow /(outflow) |
(8,902) |
|
Investment cash inflow /(outflow) |
(515) |
|
Change in Financial Debt |
10,521 |
|
Cash Dividend |
(4,139) |
|
Financing cash inflow /(outflow) |
6,446 |
|
Cumulative translation adjustments |
1,464 |
|
Net Cash |
(1,507) |
|
Beginning cash balance |
11,185 |
|
Ending cash balance |
9,678 |
IR contacts：Cliff Yuan/ Zoe Peng
Tel：886-2-7712-5268 / 886-2-7712-5262
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com